Junior Loan Processor

Job Overview

The Junior Loan Processor plays a crucial role in evaluating the financial background of individuals applying for loans to establish their eligibility for loan approval.

Key Duties

• Conduct thorough research and verification of loan applicant information as required.
• Assess collateral assets to ensure their suitability for securing the loan.
• Evaluate the applicant's ability to repay the loan by confirming consistent and reliable income sources.
• Manage the loan pipeline, particularly focusing on loans with outstanding disclosures.
• Perform general office support tasks including assisting Loan Officers with copying, conducting follow-up calls, data entry, and ordering necessary materials to complete loan files.
• Adhere strictly to company policies and procedures as stated in the Company Handbook.

Qualifications and Requirements

• Possession of a High School Diploma or its equivalent.
• 1 to 3 years experience in loan processing, junior processing, or loan setup within the mortgage sector is preferred.
• Familiarity with Freddie Mac, Fannie Mae, and FHA/VA lending guidelines.
• Knowledge of mandatory federal and state consumer disclosure regulations.
• Experience with automated underwriting systems such as Fannie Mae Desktop Underwriter and Freddie Mac Loan Prospector.
• Proficient in data management and entry.
• Understanding of TILA/RESPA Integrated Disclosure (TRID).
• Mortgage industry background is advantageous.
• Demonstrated ability to achieve results efficiently.
• Ownership of reliable transportation, valid driver's license, and current automotive insurance.
• Strong judgment and decision-making capabilities.
• Capable of working effectively under pressure and meeting deadlines independently.
• Excellent customer service and organizational abilities.

Additional Details

• Travel may be required between the United States and Mexico to support business operations.
• English is preferred; bilingual candidates with proficiency in both English and Spanish are highly desired.

Compensation

The company offers a competitive salary package that reflects the experience and qualifications of the successful candidate.