8 Loan Processor Jobs in Pittsburgh, PA
Downtown Pittsburgh Credit Union is Hiring a Loan Processor Near Pittsburgh, PA
Job Description
- 401(k)
- Dental insurance
- Health insurance
- Vision insurance
- Competitive Compensation
- No evening or weekends
We are seeking an experienced Loan Processor to join our team. In this role, you will evaluate and process loan applications. Your responsibilities will include interviewing applicants to gather financial information, evaluating creditworthiness, and completing loan contracts. The ideal candidate has excellent communication and customer service skills and a deep understanding of current lending practices and regulations.
Responsibilities
- Interview applicants to gather financial information
- Process loan applications
- Set up debt payment plans
- Report on financing decisions
- Complete loan contracts
- Assist clients in understanding the terms and conditions of their contracts
- Maintain up-to-date knowledge of current financial services and types of loans
- Keep detailed records for all accounts
- Help members with accounts
- Bachelors degree in finance, economics, or a related field
- Previous experience as a Loan Processor is preferred
- Familiarity with Microsoft Excel, databases, and loan processing and banking software
- Knowledge of lending products and practices
- Strong customer service and communication skills
- Ability to perform in a goal-oriented environment
Job Summary
Full Time
$42k-53k (estimate)
09/14/2024
09/29/2024
The following is the career advancement route for Loan Processor positions, which can be used as a reference in future career path planning. As a Loan Processor, it can be promoted into senior positions as a Loan Processor III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Processor. You can explore the career advancement for a Loan Processor below and select your interested title to get hiring information.
If you are interested in becoming a Loan Processor, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Loan Processor for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Loan Processor job description and responsibilities
A loan processor reviews loan applications before sending them to the underwriter for approval.
01/11/2022: Springfield, IL
A loan processor will constantly work with computers and other electronic devices.
02/23/2022: Harlingen, TX
Loan officers evaluate, authorize, or recommend approval of loan applications.
01/09/2022: Orange, CA
Loan processors have to request additional documentation that may not be readily available for an applicant, like bank statements from several months ago or past years’ tax documents.
01/08/2022: Memphis, TN
Not only do loan processors collect and organize all of the loan documents, but they also order and organize various third-party requirements.
03/12/2022: Grand Forks, ND
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Loan Processor jobs
Analyze applicant's financial status, credit, and property evaluation to determine the feasibility of granting the loan.
03/14/2022: Burlington, VT
Analyze potential loan markets to develop prospects for future loans.
01/23/2022: Cincinnati, OH
Approve the loan within specified time limits.
03/06/2022: Helena, MT
Communicate With Current and Potential Customers.
03/07/2022: Pensacola, FL
The most common types of unsecured loan are credit cards, student loans, and personal loans.
02/27/2022: Reading, PA
Step 3: View the best colleges and universities for Loan Processor.
