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First Bank
Mtge Home Ln Advisor
Career Insights for Loan Processor
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Based on California data
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What they do
A Loan Processor processes applications for bank loans including mortgage or commercial loans. Assists customers with the application process, organizes and reviews credit information or business financial reports, and puts together materials needed for loan underwriters to evaluate an application.
$48,883 / year median in California
-31% projected decline
Job Description
Mtge Home Ln Advisor First Bank - 3.4 San Mateo, CA Job Details $18.50 an hour 3 hours ago Qualifications MLO License Passenger vehicle Basic math Windows Desktop applications Full Job Description About this Role Mortgage Home Loan Advisor Do you hate sitting in an office all day? This position actually requires that you spend more than 80% of your time outside of your office. Like meeting new people and helping people to finance a new home? Read further to check out this opportunity. In this Role You Will Sourcing leads for mortgage home loans Meet with perspective borrowers to obtain loan applications, explain application process, fees involved, and different programs available, etc. Analyze perspective borrowers' financial status (income and debt) by obtaining required paperwork needed for loan submission and to notify borrower of credit report/appraisals ordered to determine feasibility of making a mortgage loan Submit completed applications and confer with underwriters to aid in resolving mortgage application concerns Advise borrowers of underwriting decisions, work with the borrower and underwriter to ensure all underwriting conditions are met Work with both the processor and borrower, if loan is denied, about reconstructing loan under a different program Coordinate loan closing, escrow signing, ordering of loan documents and assisting borrowers in the closing process Qualifications, Competencies and Skills Have a high school diploma or general education degree (GED) Have one to two years related experience and/or training Are proficient with Windows-based software Have the ability to drive a car or obtain other reliable transportation is required Are able to speak, read, write and effectively interpret documents and reports Have competent math skills Are registered under the Nationwide Mortgage Licensing System (NMLS) - required upon hire Are self-motivated and extremely detail oriented Thrive in a fast-paced, constantly changing environment The hourly wage rate for this role is $18.50 per hour.