Senior Mortgage Loan Processor

LitFinancial; Troy (MI); On-site; USD 58,000 - 75,000; Full time

Benefits offered by this job

Competitive salary and performance-based bonuses

Health, dental, and vision insurance

401(k)

Paid time off and holidays

Supportive team environment

Career growth opportunities

Paid time off

Holidays

Career growth

Collaborative team

Job summary

A leading mortgage company in Michigan is seeking a Senior Loan Processor to manage complex loan pipelines and ensure accuracy. The ideal candidate has 1–2 years of experience in mortgage loan processing, strong knowledge of regulations, and proficiency in loan origination systems. This role offers competitive salary, health benefits, and opportunities for career growth within the organization.

Qualifications

• 1–2 years mortgage loan processing experience, preferably with Conventional loans.
• Understanding of TRID, DU/LP, and investor requirements.
• Advanced proficiency in LOS systems.
• Exceptional organizational and communication skills with the ability to prioritize under pressure.

Responsibilities

• Process and manage a pipeline of complex Conventional, FHA, and VA loans.
• Verify loan documentation for accuracy and compliance.
• Communicate underwriting conditions to clients.
• Coordinate with loan officers and underwriters for timely closings.
• Mentor junior processors and identify process improvements.
• Mentor and support junior processors, providing guidance and training as needed.
• Identify process improvements and contribute to team efficiency initiatives.

Skills

Mortgage loan processing experience

Knowledge of mortgage lending regulations

Organizational skills

Communication skills

Problem-solving abilities

Education

High school diploma or equivalent

College degree preferred

Tools

LendingPad

Encompass

Job description

Overview

LitFinancial is on a mission to be the most client focused mortgage company in the industry. As of 2025, LitFinancial has earned a perfect 5-star review with the Better Business Bureau and a 4.9 rating with hundreds of reviews from Google by delivering a world class experience. LitFinancial is a dynamic organization built with go-getters who are passionate, hardworking, and honest which fuels an incredible environment.

Position Overview

As a Senior Loan Processor, you will manage a high-volume loan pipeline from submission through clear to close with minimal supervision. You will act as a subject matter expert and resource to junior processors, ensuring accuracy, compliance, and client satisfaction. This role requires deep knowledge of mortgage guidelines and strong communication with internal and external partners.

Responsibilities

• Independently process and manage a pipeline of complex Conventional, FHA, and VA loans.
• Analyze and verify all loan documentation for accuracy and compliance.
• Review and satisfy underwriting conditions and communicate requirements clearly to clients.
• Coordinate effectively with loan officers, underwriters, and closers to ensure timely closings.
• Maintain compliance with TRID, RESPA, and company guidelines.
• Mentor and support junior processors, providing guidance and training as needed.
• Identify process improvements and contribute to team efficiency initiatives.

Qualifications

• 1–2 years of mortgage loan processing experience (Conventional preferred; FHA/VA a plus).
• Deep understanding of mortgage lending regulations, TRID, DU/LP, and investor requirements.
• Advanced proficiency in LOS systems (LendingPad, Encompass, or equivalent).
• Exceptional organizational and communication skills with the ability to prioritize under pressure.
• Strong problem-solving abilities and a proactive approach to issue resolution.
• High school diploma or equivalent (college degree preferred).

What We Offer

• Competitive salary and performance-based bonuses
• Health, dental, and vision insurance
• 401(k)
• Paid time off and holidays
• Supportive and collaborative team environment
• Career growth opportunities within LitFinancial