Loan Processor

St. Fin Corp; Town of Florida (NY); On-site; USD 50,000 - 70,000; Full time

Job summary

A financial services organization based in New York is seeking a Loan Processor to manage residential mortgage files. The role involves ensuring compliance with guidelines and maintaining effective communication with borrowers and stakeholders. Candidates should have at least 2 years of mortgage loan processing experience, knowledge of various loan types, and strong organizational skills. Bilingual ability in English and Spanish is preferred but not required. This position is vital for enhancing borrower experiences and maintaining fast file turn times.

Qualifications

• Minimum 2+ years of mortgage loan processing experience.
• Strong knowledge of mortgage guidelines and documentation.
• Ability to manage multiple files in a fast-paced environment.

Responsibilities

• Manage residential mortgage files from application through clear-to-close.
• Review applications for complete and accurate documentation.
• Communicate effectively with all parties involved in the loan process.

Skills

Conventional loans

FHA loans

VA loans

Non-QM loans

DSCR loans

Bank Statement loans

ITIN loans

Pipeline management

Bilingual (English/Spanish)

Tools

LendingPad

Job description

The Loan Processor is responsible for managing residential mortgage files from application through clear-to-close, ensuring accuracy, compliance, and timely communication with borrowers, loan officers, underwriters, and third parties. This role is critical to maintaining fast turn times, clean files, and a high-quality borrower experience.

Skills

Process residential mortgage loans including Conventional, FHA, VA, Non-QM, DSCR, Bank Statement, and ITIN loans

Review loan applications and supporting documentation for completeness, accuracy, and compliance

Collect, review, and analyze income, assets, credit, and property documentation

Submit complete loan files to underwriting and address all conditions promptly

Communicate effectively with borrowers, loan officers, underwriters, escrow, title, and insurance providers

Order and track third-party services (appraisals, VOEs, VODs, title, escrow, etc.)

Ensure all disclosures and documentation meet federal, state, and investor guidelines

Maintain pipeline accuracy and meet closing timelines

Update LOS (LendingPad or applicable system) with accurate and current information

Identify and resolve issues that may delay underwriting approval or closing

Experience

Minimum 2+ years of mortgage loan processing experience

Strong knowledge of mortgage guidelines and documentation requirements

Experience with LOS systems (LendingPad preferred)

Familiarity with TRID, RESPA, and compliance requirements

Ability to manage multiple files in a fast-paced environment

Strong organizational, communication, and problem-solving skills

Bilingual (English/Spanish) preferred but not required