Loan Processor

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Job description

Responsibilities

• Performing routine data entry and validation tasks

• Initiating third party orders (title, appraisal, hazard, flood cert, credit, etc.)

• Reviewing and validating loan documents

• Handling routine calls, emails and/or chat responses

• Assigning and distributing work loads

• Monitoring work queues and intervening as needed

• Interacting with multiple departments to expedite processing and/or issue resolution

• Performing other related duties as required and assigned

Position Overview:

As a key member of our restructuring team, the Loan Processor plays a vital role in ensuring compliance with investor and loan guidelines. This position requires a keen attention to detail and the ability to assess credit conditions effectively.

Key Responsibilities:

- Evaluate and process loan applications, ensuring all necessary conditions are met before proceeding.

- Halt processing if credit checks reveal issues or if specific conditions are not satisfied.

- Review and rework loan applications as needed to meet investor guidelines.

- Ensure adherence to investor guidelines, particularly regarding Debt-to-Income (DTI) and Loan-to-Value (LTV) ratios.

- Collaborate with team members to maintain compliance with all regulatory and investor requirements.

Qualifications:

- Strong understanding of loan processing and investor guidelines.

- Excellent analytical skills to assess DTI and LTV requirements.

- Ability to work collaboratively in a team-focused environment.

Skills:

loan processing, loan origination, debt ratios, mortgage, loans

Top Skills Details:

loan processing,loan origination,debt ratios

Additional Skills & Qualifications:

Qualifications

• Must be a team player with strong attention to detail and able to work independently

• Proven track record at delivering timely and accurate information in a fast-paced environment

• Excellent critical thinking, problem solving, mathematical skills and sound judgment

• Effective time management skills to deliver work on time

• Capable communicator, written and oral

• Demonstrated proficiency with computers and mainstream computer applications (Microsoft, Google, etc.)

• Financial Services and, if possible, mortgage industry experience preferred

• General understanding of applicable Federal, State and Local regulations

Prior experience in accounting, finance, or a related field.

Strong numerical and analytical skills.

Proficiency in Google Sheets.

Bachelor's degree in Accounting or a related discipline.

About TEKsystems:

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

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