Find & Apply For Loan Processor / Assistant Jobs in Lynnfield, Massachusetts

Mortgage Processor / Closer River Works Credit Union - 4.5 Lynnfield, MA Job Details Full-time $60,000 - $70,000 a year 1 day ago Benefits Health insurance Dental insurance 401(k) Tuition reimbursement Paid time off Parental leave Vision insurance Flexible schedule Qualifications Customer communication Teamwork Financial services customer support Microsoft Excel Fair Housing Act Underwriting guidelines adherence Credit risk assessment Basic math Mortgage compliance Regulatory compliance Organizational skills Typing Productivity software 10 key typing Customer support for financial loans Quality data entry Credit analysis Full Job Description Overview The Mortgage Processor/Closer is a full-time hybrid role based in Lynnfield, MA, with the flexibility to perform some responsibilities from home. This role is responsible for processing mortgage applications from initial submission through closing, including reviewing documentation, verifying income and assets, and ensuring loan files meet regulatory and internal guidelines. Day-to-day tasks include communicating with members, loan officers, underwriters, and third-party providers to obtain required documents, clear conditions, and resolve discrepancies. The role also involves preparing and reviewing closing disclosures and related documentation, scheduling closings, and ensuring accurate, timely, and compliant settlement of mortgage loans. The Mortgage Processor/Closer will maintain detailed records, adhere to compliance and quality standards, and provide a high level of service to members throughout the loan process. Responsibilities Review and verify loan documentation to ensure accuracy and compliance with federal, state, and local regulations including Freddie Mac, FNMA, TILA (Truth in Lending Act), TRID (TILA-RESPA Integrated Disclosure), and other lending standards. Process loan applications from initial submission through approval, coordinating with loan officers, underwriters, and clients to gather necessary information. Prepare and review closing disclosures, escrow instructions, contracts, and other legal documents related to mortgage transactions. Ensure adherence to fair housing regulations and maintain compliance with all mortgage servicing and banking regulatory requirements. Communicate effectively with clients to explain loan terms, documentation requirements, and next steps throughout the process. Utilize Encompass or similar loan origination software for processing, underwriting support, and documentation management. Collaborate with internal teams on loan status updates, client communication, and resolving any discrepancies or issues that arise during processing or closing. Qualifications Proven experience in loan origination, mortgage processing, or mortgage closing within the financial services industry. Strong knowledge of Freddie Mac guidelines, conventional mortgages, and industry regulations such as

TILA, TRID, RESPA

compliance. Familiarity with mortgage servicing processes, credit analysis, underwriting procedures, and escrow management. Proficiency in Microsoft Office applications including Word and Excel; experience with Encompass or comparable loan processing platforms is highly desirable. Excellent communication skills for client interaction and internal collaboration; ability to explain complex loan concepts clearly. Detail-oriented with strong organizational skills to manage multiple files simultaneously while maintaining accuracy and manage deadlines. Basic math skills including 10-key typing proficiency for data entry tasks. Knowledge of fair housing laws and commitment to compliance with all applicable lending regulations. Clear, professional communication skills with the ability to explain loan requirements and processes to members and colleagues. Ability to work both independently and collaboratively in a hybrid environment, with reliability and accountability for remote work. Customer service orientation and commitment to providing respectful, inclusive, and responsive support to all members. Embark on a rewarding career where your expertise directly impacts clients' lives by helping them secure their dream homes! We are committed to fostering an inclusive environment that supports your professional growth while ensuring you have the tools needed for success in the mortgage industry.

Pay:

$60,000.00 - $70,000.00 per year

Benefits:

401(k) Dental insurance Flexible schedule Health insurance Paid time off Parental leave Tuition reimbursement Vision insurance

Work Location:

Hybrid remote in Lynnfield, MA 01940