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Job Title: Entry-Level Loan Processor
Location: Walkersville MD
Employment Type: Full-Time
Job Summary:
We are seeking a motivated and detail-oriented Entry-Level Loan Processor to join our dynamic team. This position is ideal for individuals looking to start their career in the financial services industry and gain hands-on experience in loan processing. The successful candidate will assist in the preparation, documentation, and review of loan applications to ensure timely and accurate processing. Training will be provided.
Key Responsibilities:
Application Review: Assist in the initial review of loan applications to ensure completeness and accuracy of required information and documentation.
Document Verification: Verify applicant information by contacting appropriate sources to validate employment, income, assets, and other pertinent details.
Data Entry: Accurately input and update loan application data into the company’s loan processing system.
Customer Interaction: Communicate with applicants to request additional information or documentation as needed. Provide updates on application status.
Compliance Adherence: Ensure all loan processing activities comply with regulatory requirements, company policies, and procedures.
File Preparation: Prepare loan files for underwriting by compiling and organizing all required documents.
Coordination: Coordinate with loan officers, underwriters, and other team members to facilitate efficient loan processing and approvals.
Problem Resolution: Identify and resolve issues that may cause delays in the loan processing timeline.
Quality Control: Conduct quality control checks to ensure the accuracy and completeness of loan files before submission.
Reporting: Generate and review reports on loan application statuses and processing timelines.
Qualifications:
Education: High school diploma or equivalent required; Associate’s or Bachelor’s degree in finance, business, or a related field is preferred.
Experience: Previous experience in a customer service or administrative role is beneficial but not required. Training will be provided.
Skills:
Excellent attention to detail and organizational skills.
Strong communication and interpersonal skills.
Proficiency in Microsoft Office Suite (Word, Excel, Outlook).
Ability to multitask and prioritize work in a fast-paced environment.
Basic knowledge of loan processing and financial services is a plus.
Other Requirements:
Ability to pass a background check.
Willingness to learn and adapt to new tasks and responsibilities.
Working Conditions:
Environment: Office setting with standard working hours. Some overtime may be required based on workload.
Physical Demands: Sitting for extended periods, occasional lifting of up to 20 pounds, and frequent use of computer and telephone.
Benefits:
Competitive salary with opportunities for performance-based bonuses.
Comprehensive health, dental, and vision insurance plans.
Retirement savings plan with company matching.
Paid time off, including holidays and vacation.
Training and professional development opportunities.