Mortgage Loan Processor - Entry Level

Medium; Frederick (MD); On-site; USD 55,000 - 60,000; Full time

Job summary

A financial services company in Frederick, Maryland, is seeking an Entry-Level Mortgage Loan Processor. This role is perfect for individuals starting a career in finance. Responsibilities include gathering loan documentations, verifying loan file accuracy, and maintaining organized files. The ideal candidate will have a high school diploma, strong attention to detail, excellent communication skills, and a willingness to learn. Salary offered is between $55,000 and $60,000 annually.

Qualifications

• High school diploma or equivalent required; associate or bachelor’s degree preferred.
• Strong attention to detail and organizational skills.
• Excellent verbal and written communication skills.
• Basic proficiency in Microsoft Office (Word, Excel, Outlook).
• Ability to manage multiple tasks and meet deadlines in a fast-paced environment.
• Willingness to learn mortgage industry guidelines and systems.

Responsibilities

• Assist in gathering and reviewing loan application documents.
• Verify accuracy and completeness of loan files.
• Communicate with borrowers, loan officers, and third-party vendors.
• Maintain organized and up-to-date loan files in the processing system.
• Order and track third-party services.
• Identify missing or inconsistent information.
• Ensure compliance with policies and regulations.
• Provide status updates to loan officers and team members.
• Support processors and underwriters with administrative tasks.

Skills

Attention to detail

Organizational skills

Communication skills

Microsoft Office proficiency

Education

High school diploma or equivalent

Associate or bachelor’s degree preferred

Job description

$55,000 - 60,000/year

We are seeking a detail-oriented and motivated Entry-Level Mortgage Loan Processor to join our team. In this role, you will support the loan processing function by assisting with the collection, review, and organization of borrower documentation to ensure timely and accurate loan submissions. This is an excellent opportunity for someone looking to start a career in the mortgage or financial services industry.

Responsibilities

• Assist in gathering and reviewing loan application documents, including income, assets, credit, and property information
• Verify accuracy and completeness of loan files in accordance with company and regulatory guidelines
• Communicate with borrowers, loan officers, and third-party vendors to obtain necessary documentation
• Maintain organized and up-to-date loan files in the processing system
• Order and track third-party services such as appraisals, title reports, and verifications
• Identify missing or inconsistent information and follow up as needed
• Ensure compliance with internal policies and federal/state lending regulations
• Provide status updates to loan officers and team members
• Support processors and underwriters with administrative tasks as needed

Requirements

• High school diploma or equivalent required; associate or bachelor’s degree preferred
• Strong attention to detail and organizational skills
• Excellent verbal and written communication skills
• Basic proficiency in Microsoft Office (Word, Excel, Outlook)
• Ability to manage multiple tasks and meet deadlines in a fast-paced environment
• Willingness to learn mortgage industry guidelines and systems