Loan Processor

Stanfordlivetickets; Palo Alto (CA); Híbrido; USD 104.000 - 128.000; Jornada completa

Descripción de la vacante

Stanford University’s Faculty Staff Housing unit seeks a Loan Processor to manage and support the university’s faculty housing programs, overseeing documentation and coordination with borrowers, lenders, and third parties to ensure timely underwriting and closing.

The role emphasizes compliance with lending regulations, meticulous record-keeping, and the ability to drive process improvements within the loan team while meeting tight deadlines.

Formación

• Must be able to meet tight deadlines and handle multiple tasks.
• Knowledge of mortgage lending guidelines and documentation requirements.
• Ability to coordinate with borrowers, loan associates, underwriters, title companies, appraisers, and other third parties.

Responsabilidades

• Review loan applications and verify borrower documentation.
• Coordinate with borrowers, loan associates, underwriters, title companies, appraisers and other third parties.
• Submit complete loan packages to underwriting and assist closing preparation.
• Maintain accurate loan records in the loan origination system.
• Communicate loan status and document needs to borrowers and partners.

Conocimientos

Detail oriented

Organized

Customer focused

Herramientas

Excel

Word

Outlook

Google Drive

Smartsheets

Descripción del empleo

Main Work Location: Historic Stanford Campus

Work Arrangement:Hybrid (2 days minimum on-site as assigned by manager)

Budgeted Salary Range: The expected pay range for this positions is $104,412 to $127,926 per annum.

Department Summary

Faculty Staff Housing (FSH) is a small, high-impact unit within the Office of the Vice Provost for Faculty Advancement. FSH administers Stanford’s housing programs, which provide eligible faculty and executive staff with favorable loan products and lower-cost ownership options, and provide Stanford affiliates with rental apartments and homes at rents below the surrounding market. The unit also advises existing homeowners on Stanford land regarding the sale or physical improvement of their homes. Bay Area housing costs are high, and these programs are central to how Stanford recruits and retains top talent.

Position Summary

Faculty Staff Housing (FSH) is seeking a Loan Processor to administer, support, and manage the University’s faculty housing programs under general supervision. This role collects, reviews, verifies, and organizes borrower documentation; coordinates with borrowers, loan associates, underwriters, title companies, appraisers, and other third parties; and helps ensure files are complete, accurate, compliant, and ready for underwriting and closing.

The Loan Processor reviews loan applications and supporting documentation for completeness and accuracy; collects and verifies income, asset, employment, credit, insurance, title, and property documents; orders and tracks appraisals, title work, verifications, and other required services; and submits complete loan packages to underwriting, managing outstanding conditions and coordinating files through underwriting approval and closing preparation.

This role communicates loan status and document needs to borrowers, loan associates, and third-party partners; maintains accurate loan records, notes, and documentation in the loan origination environment; and supports compliance with University policies and applicable lending regulations.

This role also independently implements, administers, and evaluates the day-to-day activities of the loan team, makes recommendations that impact policies and programs, and works with the team to analyze and interpret policies and to develop, revise, and implement procedures.

The ideal candidate is detail-oriented, organized, customer-focused, and knowledgeable about mortgage lending guidelines, documentation requirements, and applicable regulations, with the ability to meet tight deadlines by working quickly but carefully and following up both internally and externally when needed.

In addition to the minimum requirements, the following skills and experience are preferred:

• Basic knowledge of Microsoft Office tools (particularly Excel, Word and Outlook),
• Google Drive, Docs and Smartsheets is a plus