Loan Processor

Vaco; Woodbury (MN); On-site; USD 50,000 - 70,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

401(k) retirement plan

Job summary

Vaco is seeking an experienced Mortgage Loan Processor in Woodbury, Minnesota, who thrives in a fast-paced environment. The role involves partnering with a Loan Originator and ensuring loans move efficiently from application through closing.

The ideal candidate has a strong understanding of mortgage guidelines, exceptional attention to detail, and is proactive in managing complex transactions. This role supports approximately 25-30 active loans, ensuring accuracy and excellent customer service.

Qualifications

• Current experience as a Mortgage Loan Processor.
• Hands-on experience with Encompass is required.
• Strong understanding of current mortgage guidelines.

Responsibilities

• Review and evaluate new loan files within 48 hours.
• Analyze income, assets, and credit within 24 hours.
• Prepare and submit complete loan packages to underwriting.

Skills

Attention to detail

Customer-focused

Multi-tasking

Education

High School Diploma or equivalent

Tools

Encompass

Job description

Overview

We are seeking an experienced Mortgage Loan Processor who thrives in a fast-paced environment and is passionate about delivering an exceptional borrower experience. This role will partner closely with a dedicated Loan Originator (LO) and play a critical role in ensuring loans move efficiently from application through closing.

The ideal candidate is highly detail-oriented, proactive, and comfortable working directly with borrowers while managing complex loan files and changing mortgage guidelines.

Key Responsibilities

• Review and evaluate new loan files within 48 hours to ensure proper structure and complete disclosures.
• Analyze income, assets, credit, and supporting documentation within 24 hours of receipt.
• Prepare and submit complete, accurate loan packages to underwriting.
• Proactively clear underwriting conditions and keep loans on track to meet contract and rate lock deadlines.
• Maintain an organized and accurate pipeline within Encompass.
• Communicate regularly with borrowers, loan originators, underwriters, and other stakeholders throughout the loan process.
• Manage a pipeline of approximately 25-30 active loans while maintaining accuracy, attention to detail, and excellent customer service.
• Support a dedicated Loan Originator, requiring the ability to manage more complex transactions and provide a high level of individualized attention.

Required Qualifications

• Current experience as a Mortgage Loan Processor.
• Hands‑on experience with Encompass (required).
• Strong understanding of current mortgage guidelines, documentation requirements, and underwriting processes.
• Exceptional attention to detail and organizational skills.
• Outgoing, customer‑focused personality with the ability to build rapport with borrowers.
• Proven ability to prioritize tasks and manage multiple deadlines in a high‑volume environment.
• High School Diploma or equivalent required.

Preferred Experience

• Experience processing a variety of residential mortgage products.
• Strong communication skills and ability to work collaboratively with loan originators and underwriting teams.
• Demonstrated success managing a pipeline while maintaining quality and compliance standards.

What We’re Looking For

• Detail‑oriented and process‑driven.
• Proactive communicator who keeps borrowers and partners informed.
• Adaptable professional who stays current with evolving lending guidelines.
• Team player who takes ownership and ensures loans move smoothly through the process.

Compensation & Benefits

Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual's skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company's 401(k) retirement plan.

EEO Notice

Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact [e-mail].

Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.