Loan Processor

MONEY INC; Town of Texas (WI); On-site; USD 52,000 - 68,000; Full time

Job summary

MONEY INC in Wisconsin is seeking an experienced loan processor to analyze credit records, prepare loan packages, and serve as the liaison between applicants and our financial institution. The role emphasizes attention to detail, knowledge of closing procedures, and strong communication to ensure timely and compliant loan disbursement.

Ideal candidates will bring a Bachelor’s degree in finance or a related field, 2+ years of loan processing experience, and proficiency with banking software and

Qualifications

• Bachelor’s degree in finance or relevant field required.
• Minimum 2 years’ experience as a Loan Processor or similar role.
• In-depth knowledge of closing procedures, loan processes, and documentation.
• Good understanding of banking software and MS Office.
• Excellent interpersonal and communication skills.
• Strong multitasking abilities with outstanding time management.

Responsibilities

• Collect and prepare all necessary documentation for the loan package.
• Research applicant credit status and current financial position.
• Prepare and maintain all paperwork for existing and new loans, including loan disclosures.
• Create repayment plans.
• Complete loan contracts and ensure clients are kept informed of the rules and requirements.
• Work with clients to establish their needs and recommend suitable types of loans.
• Submit files to the designated Underwriter.
• Conduct interviews to assess client eligibility for loans or mortgages.
• Ensure you comply with the established regulations and law requirements.
• Follow-up with clients to verify important information.

Skills

Analytical thinking

Interpersonal skills

Time management

Attention to detail

Communication skills

Education

Bachelor’s degree in finance or relevant field

Tools

Banking software

MS Office

Job description

Job Description

We are searching for an experienced and highly-analytical loan processor to conduct assessments of business and individual loans. You will act as the liaison between potential clients and our growing financial institution, conducting client evaluations, researching credit records, and preparing loan package documentation.

In this position, your chief goal will be to help eligible applicants obtain loans in a timely and professional manner while protecting our institution's credibility. The successful candidate will demonstrate an in-depth knowledge of relevant rules and regulations. You should also have strong attention to detail with excellent communication and interpersonal abilities.

Responsibilities:

• Collect and prepare all necessary documentation for the loan package.
• Research applicant credit status and current financial position.
• Prepare and maintain all paperwork for existing and new loans, including loan disclosures.
• Create repayment plans.
• Complete loan contracts and ensure clients are kept informed of the rules and requirements.
• Work with clients to establish their needs and recommend suitable types of loans.
• Submit files to the designated Underwriter.
• Conduct interviews to assess client eligibility for loans or mortgages.
• Ensure you comply with the established regulations and law requirements.
• Follow-up with clients to verify important information.

Requirements:

• Bachelor’s degree in finance or relevant field.
• A minimum of 2 years’ experience as a Loan Processor or similar role.
• In-depth knowledge of closing procedures, loan processes, and documentation.
• Good understanding of banking computer software and MS Office.
• Excellent interpersonal and communication skills.
• Good multitasking abilities with outstanding time management skills.