Loan Processor

  • location: San Diego, CA
  • type: Permanent
  • salary: $55,000 - $65,000 per year
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job description

Loan Processor

job summary:
One of the top non bank lenders nationally has an opening for a Loan Processor. This newly created role will join a team of seasoned and tenured processors who in addition to their base salaries earn substantial quarterly bonuses. This long established lender has a proven track record of exceptional service, stability and growth and earning potential.

location: San Diego, California
job type: Permanent
salary: $55,000 - 65,000 per year
work hours: 9 to 5
education: High School
experience: 3 Years

Essential Functions

- Manage the overall lending process, and identify, resolve and communicate issues that could impact timely closure of loans.

- Analyze loan-to-value ratio, debt-to-income ratio, credit report, application, income and assets, source(s) of down payment funds and examine supporting documentation to identify potential fraud or misrepresentation.

- Identify potential issues and communicate to consumer and loan officer.

- Order and review all third party documentation, including credit checks, title reports, appraisals, tax returns, verification of employment/assets, etc. to identify and address potential issues.

- Stay current with federal, state regulations, policies and industry trends.

- Check ratios, and verify accuracy of AUS findings and program applicability.

- Review and verify documentation integrity to ensure it aligns with findings, completeness and compliance, and submit loan file to underwriting for approval.

- Identify qualifying/program issues prior to submission to Underwriting, and re-structure loan as necessary.

- Provide options within guidelines and makes recommendations if borrowers may qualify for suitable programs.

- Update and verify accuracy of data input into system.

- Verify compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.

- Obtain and verify clearance of all underwriting conditions and prepare the file for submission to Closing.

- Order generation of loan documents.

- Coach and provide guidance to less experienced Processors as needed.

- Use and modify templates to compose professional correspondence and emails.

- Provide status updates to Loan Officers and/or borrowers.


- High school diploma or equivalent required; college courses/technical training related to Business, Finance/Accounting, Legal, or related field is preferred.

- Total recent work experience includes five or more years experience as a Loan Processor, preferably processing conventional and FHA loans along with at least two years of experience processing VA and Bond mortgage loans.

- Ability to build strong relationships with loan officers, production, underwriting, closing and other internal and external partners.

- Expert knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory requirements/guidelines related to consumer mortgage lending for conventional, FHA, VA and Bond mortgage loans.

- Expert knowledge of conventional, FHA, VA and Bond mortgage loans, including various product/program guidelines, necessary conditions for approval, and investor specific guidelines.

- Expert knowledge in new construction documentation and condominium projects.

- Expert knowledge of valid documentation related to processing consumer mortgage applications (e.g., complex tax returns, financial statements and records, verification of income and deposits, etc.).

- Excellent customer service, interpersonal, verbal and written communication skills

- Intermediate math skills.

- Strong verbal and written communication skills.

- Strong detail orientation and highly organized.

skills: Loan Processing
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.

Qualified applicants in San Francisco with criminal histories will be considered for employment in accordance with the San Francisco Fair Chance Ordinance.

We will consider for employment all qualified Applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.

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