Residential Loan Processor II: Fast Closings & Compliance

Saco-; Saco (ME); On-site; USD 52,000 - 76,000; Full time

Job summary

Saco- is seeking a detail-oriented Loan Processing Specialist to support residential loan origination and management. You will manage a pipeline, verify documentation, and coordinate with loan officers, title attorneys, and investors to ensure timely closings.

The role requires 2+ years in loan processing, strong regulatory knowledge, and excellent communication. Proficiency with Microsoft Office and adaptability to priority shifts are essential.

Qualifications

• High school graduate or equivalent.
• Minimum two years of experience in loan processing; 3–5 years preferred.
• Strong knowledge of loan compliance, regulatory issues and documentation.
• Solid understanding of the loan application and loan closing process.
• Ability to deliver quality work during times of increased volumes.
• Ability to interpret title packages and recognize defects/inaccuracies.
• Strong written and verbal communication, organizational and interpersonal skills.
• Commitment to ongoing learning.
• Excellent customer service skills.
• Ability to adapt to changes in priorities quickly.
• Ability to work harmoniously with others; strong teamwork.
• Proficiency with Microsoft Office; comfortable learning new software.
• Strong attention to detail with good organizational skills.
• Ability to work independently and as a team player.
• Ability to read/see documents and use computer/Zoom/Teams.
• Dependable with punctuality and attendance.

Responsibilities

• Provide professional, courteous service to customers while facilitating the loan process.
• Research secondary market guidelines and resolve standard file requirements.
• Input and update loan data in origination systems and investor sites.
• Collaborate with officers, customers, and attorneys to resolve mortgage issues.
• Assemble and verify residential loan documentation.
• Assist officers with sending loans to investors for decisioning.
• Navigate loan origination software to support customers and staff.
• Ensure documents have proper signatures, dates, and data.
• Order and review title packages, appraisals, inspections, and verifications.
• Ensure regulatory disclosure compliance (HMDA, RESPA, Reg Z, B, Flood).
• Prepare loan document packages (commitment letters, disclosures, notices).
• Maintain communication with customers to satisfy approval conditions.
• Ensure timely closings by proactive pipeline management.
• Analyze income sources for file completeness and request docs.
• Attend staff meetings and perform special assignments as needed.
• Communicate with real estate agents, attorneys, and others to facilitate closings.
• Perform general filing, typing and extensive PC use.

Skills

Customer service

Attention to detail

Written and verbal communication

Organizational skills

Teamwork

Adaptability

Education

High school diploma or equivalent

Tools

Microsoft Office

Job description

Saco- is seeking a detail-oriented Loan Processing Specialist to support residential loan origination and management. You will manage a pipeline, verify documentation, and coordinate with loan officers, title attorneys, and investors to ensure timely closings.

The role requires 2+ years in loan processing, strong regulatory knowledge, and excellent communication. Proficiency with Microsoft Office and adaptability to priority shifts are essential.