What are the responsibilities and job description for the Loan Processor position at Snelling Staffing, L.L.C.?
Job Overview
We are seeking a detail-oriented and motivated Loan Processor to join our dynamic team in the financial services industry. The ideal candidate will play a crucial role in the loan origination process, ensuring that all documentation is accurate and compliant with industry regulations. This position requires strong analytical skills and a thorough understanding of various lending practices, including credit analysis and underwriting.
Duties
- Review loan applications for accuracy and completeness, ensuring all necessary documentation is provided.
- Conduct credit analysis to assess borrower eligibility and risk factors.
- Collaborate with loan officers to gather additional information as needed for loan processing.
- Manage escrow accounts and ensure timely disbursement of funds as per contract agreements.
- Ensure compliance with Fair Housing regulations and FNMA guidelines throughout the loan process.
- Prepare and submit loan files for underwriting, addressing any conditions or requirements promptly.
- Maintain clear communication with borrowers, real estate agents, and other stakeholders throughout the loan process to provide updates and resolve any issues.
- Stay informed about changes in industry regulations and best practices to ensure compliance.
Qualifications
- Proven experience in loan processing or a related role within financial services is preferred.
- Strong knowledge of credit analysis, escrow processes, and underwriting principles.
- Familiarity with FNMA guidelines and Fair Housing regulations is highly desirable.
- Excellent organizational skills with a keen attention to detail.
- Basic math skills are essential for accurate calculations related to loans.
- Ability to work independently as well as collaboratively within a team environment.
- Strong communication skills, both written and verbal, to effectively interact with clients and colleagues.
Job Type: Full-time
Pay: $17.00 - $20.00 per hour
Expected hours: 40 per week
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
Ability to Commute:
- Las Cruces, NM 88001 (Required)
Ability to Relocate:
- Las Cruces, NM 88001: Relocate before starting work (Required)
Work Location: In person
Salary : $17 - $20
