Mortgage Loan Processor - Entry Level

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

Job summary

Latitudeinc in Frederick, Maryland, is seeking a detail-oriented Entry-Level Mortgage Loan Processor to join its team. In this role, you will assist with gathering and reviewing loan documentation, ensuring timely submissions and compliance with regulations.

The ideal candidate will possess strong organizational skills and excellent communication abilities. A high school diploma is required, with a preference for additional education. This role offers an opportunity to start a career in the mortgage or financial services industry.

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.
• Willingness to learn mortgage industry guidelines.

Responsibilities

• Assist in gathering and reviewing loan application documents.
• Verify accuracy of loan files according to guidelines.
• Communicate with borrowers and loan officers.
• Maintain organized loan files in the processing system.
• Order and track third-party services like appraisals.
• Identify and follow up on missing information.
• Ensure compliance with lending regulations.
• Provide status updates to team members.
• Support processors and underwriters with tasks.

Skills

Attention to detail

Organizational skills

Verbal communication

Written communication

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

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