Loan Processor

  • location: Minneapolis, MN
  • type: Contract
  • salary: $20.13 per hour
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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

WFH during covid

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.

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




3




Years




 




 




Work in fast pace environment




Required




1




Years




 




 




Able to multi-task




Required




1




Years




 




 




WIFI at home




Required




 




 




 




 



 
 











 

 
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

WFH during covid

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




3




Years




 




 




Work in fast pace environment




Required




1




Years




 




 




Able to multi-task




Required




1




Years




 




 




WIFI at home




Required




 




 




 




 



 
 









 
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.

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