Loan Processor

Loan Processor - Job Description Overview The Bank Loan Processor plays a critical role in ensuring loan applications are accurate, complete, and compliant with banking regulations. This position works closely with loan officers, underwriters, and customers to gather documentation, verify financial information, and move applications efficiently through the approval pipeline. A successful processor is detail‑oriented, organized, and comfortable balancing customer service with regulatory precision. Key Responsibilities Review and verify loan applications for completeness, accuracy, and compliance with internal policies and federal/state regulations. Collect and analyze financial documents , including income statements, tax returns, credit reports, bank statements, and employment records. Communicate with applicants to request missing information, clarify details, and provide status updates throughout the loan process. Prepare loan files for underwriting, ensuring all required documentation is included and properly formatted. Coordinate with loan officers and underwriters to resolve discrepancies or issues that may delay approval. Order and track third‑party services , such as appraisals, title work, verifications of employment, and credit checks. Maintain accurate records in the bank's loan processing system and ensure timely follow‑up on outstanding items. Ensure compliance with lending laws, bank policies, and quality control standards. Support closing activities , including preparing final documentation and confirming all conditions have been met. Qualifications High school diploma or equivalent required; associate or bachelor's degree in finance, business, or a related field preferred. Prior experience in loan processing, mortgage operations, banking, or financial services is strongly preferred. Strong understanding of lending regulations, loan documentation, and underwriting requirements. Excellent attention to detail and ability to manage multiple files simultaneously. Strong communication skills with the ability to work professionally with customers and internal teams. Proficiency with loan origination systems (LOS) and standard office software. Ability to work under deadlines while maintaining accuracy and compliance. Key Competencies Detail‑oriented mindset. Customer service focus Analytical thinking Time management Problem‑solving. Team collaboration Work Environment This role operates in a professional Bank environment. It may require extended periods of computer work and frequent communication with customers and internal staff.

Benefits:

401(k) matching Dental insurance Health insurance Paid time off Vision insurance

Education:

Bachelor's (Preferred)

Experience:

Loan processing: 3 years (Preferred)

Work Location:

In person