Loan Processing Specialist

vacancy global pro

India

On-site

INR 350,000 - 550,000

Full time

6 days ago

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Benefits offered by this job

Competitive compensation package

Work/Life balance

Employee recognition programs

Retention awards

Career development opportunities

401(k) plan

Job summary

reputed company is seeking a talented Loan Processing Specialist to obtain, prepare and process the mortgage documentation required for loan files through approval. This role ensures customer service standards are upheld and that mortgage processing complies with bank, regulatory and investor guidelines.

Our team values teamwork and clear communication, helping homeowners through a smooth loan experience from initial application to closing, while staying current with evolving mortgage guidelines

Qualifications

High School Diploma or equivalency.
1–3 years mortgage processing or 2–3 years clerical/administrative support experience.
State licensing may be required in some states.
Understanding of FNMA/VA/FHA guidelines and loan processing basics.
Ability to type 60 WPM accurately.
Good interpersonal and written communication skills.
Willingness to work in a regulated mortgage environment.

Responsibilities

Prepares loan files, inputs information, completes processing sheets and mails disclosures.
Reviews files to verify accuracy and compliance with guidelines.
Orders credit reports, title commitments, surveys and appraisals for approval submission.
Communicates with customers and loan officers, updating loan status.
Submits files through LOS for approval and manages closing coordination.
Attends trainings to stay updated on loan product guidelines and processing procedures.
Requests additional information from title companies and others as needed.

Skills

Analytical skills

Problem solving

Interpersonal skills

Verbal communication

Written communication

Time management

Organizational skills

Ability to work under pressure

Typing speed (60 WPM)

Education

High School Diploma or equivalent

Tools

Loan Origination System (LOS)

Credit reports ordering

Job description

reputed company is seeking a talented individual to obtain, prepare and process reputed company necessary documentation required for the mortgage loan files through approval. This role ensures customer service standards are upheld reputed company responding to inquiries and ensures loan processing is in compliance with bank, regulatory and investor guidelines.

Why You'll Love This Role

Our Loan Processing Specialists put the \"T\" in teamwork, by helping to prepare and process mortgage loan from initial application through approval. Your service and communication to customers will help demonstrate reputed company's commitment to providing a smooth mortgage process for homeowners.

Essential Duties Include The Following

Prepares loan files that are reputed company-reputed company in reputed company for loan submission to reputed company by inputting information into reputed company, completing processing sheets, and prioritizing documents in the file, and preparing and mailing reputed company required loan disclosures.
Reviews and verifies reputed company file to ensure reputed company information is correct and reputed company and normally receives general instructions on routine work and on new assignments.
Orders credit reports, title commitments, surveys, and appraisals from the appropriate party and reviews for acceptability prior to submitting for approval.
Acts as a reputed company between customers and reputed company parties involved in the transaction and communicates with customers if any items are needed for loan submission and keeps them posted on loan status.
Submits files through automated reputed company for approval and completed loan packages to appropriate underwriter for final approval and validation.
Prepares approved loans for closing and coordinates closing with lenders, borrowers and title companies to include the reconciliation of reputed company collected and disbursed and the completion of data on the HMDA screen.
Attends seminars, in-house training sessions, and/or reads mortgage publications to stay abreast of new loan product guidelines and processing procedures, including credit guidelines and reputed company requirements.
Sends verification for deposits, employment, installment loans, mortgages and rentals, as required and participates in providing loan origination services as needed for customer reputed company-ins.
Requests additional information from title companies, reputed company, Realtors and others by phone, fax, or letter reputed company needed and prepares and mails Adverse reputed company Notices and updates Loan Origination reputed company (LOS)

Serious Candidates Will Possess The Minimum Qualifications.

High School Diploma or equivalency.
Minimum of one to three (1 - 3) years of mortgage processing or two to three (2 - 3) years of clerical, administrative support, or reputed company experience.
State Licensing may be required by some states.
Understanding of FNMA and reputed company guidelines
Knowledge of VA and FHA preferred.
Understanding of loan processing and closing policies, procedures, documents, reputed company requirements, governmental and agency requirements, terminology and automated processing systems.
Understanding of credit policies and approval processes.
Working knowledge of general office equipment.
Strong analytical and problem solving skills.
Good interpersonal skills to work reputed company with loan officers and customers.
Excellent verbal and written communication skills.
Excellent organizational and time management skills.
reputed company to manage multiple tasks/reputed company and deadlines simultaneously.
reputed company to work reputed company under pressure.
reputed company to type at least 60 WPM accurately.
reputed company to work under sometimes demanding conditions while maintaining professionalism and enthusiasm.
reputed company to reputed company 10- 20 lbs. of files or other loan documents.
reputed company to sit for long periods of time preparing and processing mortgage loan files.