Sr Loan Processor

  • location: Tempe, AZ
  • type: Permanent
  • salary: $50,000 - $55,000 per year
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job description

Sr Loan Processor

Our client located in the Tempe area is seeking a direct hire Sr. Loan Processor. The Sr. Loan Processor will perform duties of Conventional, FHA and VA loan processing.- Includes gathering documentation from customers and responsible for reviewing income, credit, assets appraisal, and title work for accuracy and completeness. They will have consistent communication with title company, Loan Officer, and customers providing exceptional customer service.

Primary duties of the Sr.Loan Processor include:
+ Process and close loan applications from initial set-up through funding, striving to obtain loan income, asset, credit approvals within 30 days of receipt of loan.
+ Ensure all conditions and requirements of underwriting and investors have been met.
+ Request, review and analyze collected documents from potential borrowers and compare to underwriting requirements and conditions.
+ Communicate with Loan Officers, borrowers and associates in a professional, courteous manner.
+ Learn and maintain knowledge of different loan programs.
+ Gather and submit credit report and supporting application (1003) documentation in a timely manner for loan approval.
+ Maintain status and information within processing software system. Update status dates and loan information for reporting as needed.

+ Communicate status in meetings and with other associates as directed by supervisor.
+ Obtain the sales contracts, escrow instructions, and any documentation regarding upgrades prior to ordering the appraisal for all purchases.
+ Keep current with investor guideline changes by reading updated bulletins.
+ Keep communication between borrowers, escrow/title, sales agents, and Loan Officer up-to-date to avoid delays and confusion.
+ Maintain written status with the borrowers with reference to "needs items" and/or approval conditions to meet the Regulation B notification requirement.
+ Ensure loan is prepared for closing by having all title work and HOI in file and reviewed.

Working hours: 8:00 AM - 5:00 PM

Some of the skills and qualifications required to be successful in this role include but are not limited to:
+ Ability to study independently
+ Attention to detail
+ Current knowledge of closing and title requirements
+ Current knowledge of loan processing and automated underwriting
+ Current knowledge of FHLMC/FNMA/FHA/VA and industry underwriting guidelines
+ Current knowledge of self employed borrowers, partnership and corporation tax return analysis
+ Maintain minimum pipeline of 45-60 loans
+ Interact well with other associates
+ Possess positive and professional attitude and represent company in a positive manner
+ Provide outstanding customer service, work well under pressure and be a team player
+ Possess excellent organization and analytical skills
+ Possess excellent oral and written communication skills
+ Strong computer skills with knowledge of Word and Excel

This direct hire Sr. Loan Processor position is Monday through Friday 8 am - 5 pm. If you believe you have the necessary skills to be successful in this role please apply online. For immediate consideration please send resumes to

Randstad is a world leader in matching great people with great companies. Our experienced agents will listen carefully to your employment needs and then work diligently to match your skills and qualifications to the right job and company. Whether you're looking for temporary, temporary-to-permanent or permanent opportunities, no one works harder for you than Randstad. EEO Employer: Race, Religion, Color, National Origin, Citizenship, Sex, Sexual Orientation, Gender Identity, Age, Disability, Ancestry, Veteran Status, Genetic Information, Service in the Uniformed Services or any other classification protected by law.

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