Job Description
LOAN PROCESSOR
Sacramento, CA
RESPONSIBILITIES OF THE LOAN PROCESSOR
- Collect and prepare all necessary documentation for the loan package.
- Research applicant credit status and current financial position.
- Prepare and maintain all paperwork for existing and new loans, including loan disclosures.
- Create repayment plans.
- Complete loan contracts and ensure clients are kept informed of the rules and requirements.
- Work with clients to establish their needs and recommend suitable types of loans.
- Submit files to the designated Underwriter.
- Conduct interviews to assess client eligibility for loans or mortgages.
- Ensure you comply with the established regulations and law requirements.
- Follow-up with clients to verify important information.
REQUIREMENTS OF THE LOAN PROCESSOR
- Bachelor’s degree in Finance or relevant field.
- A minimum of 2 years’ experience as a Loan Processor or similar role.
- In-depth knowledge of closing procedures, loan processes, and documentation.
- Good understanding of banking computer software and MS Office.
- Excellent interpersonal and communication skills.
- Good multitasking abilities with outstanding time management skills.