Loan Processor

  • location: Minneapolis, MN
  • type: Contract
  • salary: $21 per hour
easy apply

job description

Loan Processor

job summary:
Job Description:

Loan Processor II - needs at least 2 years mortgage experience Will be taught to submit a file to underwriting depending on how quickly they pick that up they may be asked to review files to see whats missing and email loan officer

SUMMARY:

Processes loan applications for single family homes through retail.

ESSENTIAL FUNCTIONS:

1. Orders all items necessary for loan file, i.e., insurance, flood certificates, good standings, title policies if necessary.

2. Writes correspondence letters to borrowers, escrows/attorneys, title companies, insurance companies, etc.

3. Works closely with title and attorneys and escrow companies to close deals efficiently and timely.

4. Reviews preliminary title reports/title commitments.

5. Prepares loan files for funding and boarding.

6 Continually follows-up with Business Developments Officers to ensure clean and efficient loan closings.

7. Follows-up with loan officers regarding completeness of loan conditions.

8. Coordinates multiple files for closing concurrently, or within a short period of time.

 
location: Minneapolis, Minnesota
job type: Contract
work hours: 8 to 5
education: Associate's degree
experience: 2 Years
 
responsibilities:
Job Description:

Loan Processor II - needs at least 2 years mortgage experience Will be taught to submit a file to underwriting depending on how quickly they pick that up they may be asked to review files to see whats missing and email loan officer

Must Have:

Knowledge of TRID timing

Knowledge of Loan estimates

2 yr mortgage exp

Nice to have:

Procesing experience

SUMMARY:

Processes loan applications for single family homes thru retail.

 
qualifications:
ESSENTIAL FUNCTIONS:

1. Orders all items necessary for loan file, i.e., insurance, flood certificates, good standings, title policies if necessary.

2. Writes correspondence letters to borrowers, escrows/attorneys, title companies, insurance companies, etc.

3. Works closely with title and attorneys and escrow companies to close deals efficiently and timely.

4. Reviews preliminary title reports/title commitments.

5. Prepares loan files for funding and boarding.

6 Continually follows-up with Business Developments Officers to ensure clean and efficient loan closings.

7. Follows-up with loan officers regarding completeness of loan conditions.

8. Coordinates multiple files for closing concurrently, or within a short period of time.

SPECIFICATIONS:

  • To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
  • Associate's degree (A.A.) or equivalent from two-year college or technical school; or six months to one year related experience and/or training; or equivalent combination of education and experience.
  • Ability to read and comprehend simple instructions, short correspondence and memos.
  • Ability to write simple correspondence and e-mails with proper grammar and sentence structure.
  • Ability to add, subtract, multiply, and divide in al units of measure, using whole numbers, common fractions, and decimals.
  • Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form.
Required / Desired Skills:































Skill







Required / Desired







Amount







of Experience







Expertise Rating





 

 









Previous loan processing experience




Required




2




Years




 




 




Work in fast pace environment




Required




1




Years




 




 




Able to multi-task




Required




1




Years




 




 




Previous mortgage experience




Required




2




Years




 




 



 
 











 

?

 
skills: Other
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

easy apply

get jobs in your inbox.

sign up
{{returnMsg}}

related jobs

    Loan Processor

  • location: Minneapolis, MN
  • job type: Contract
  • salary: $20.13 per hour
  • date posted: 7/21/2020

    Loan Processor

  • location: Saint Paul, MN
  • job type: Temp to Perm
  • salary: $15 per hour
  • date posted: 5/1/2020

    Loan Processor

  • location: Minneapolis, MN
  • job type: Temp to Perm
  • salary: $15 - $17 per hour
  • date posted: 7/22/2020