Find Jobs
Find Jobs Near You – Available Work in Your Location
Skip to job details
P1
Priority 1 Lending, LLC
Mortgage Loan Processor
Entry-Level JobVerifiedNo experience needed
Career Insights for Loan Processor
See where this job fits in the broader career landscape. Knowing your career path helps you see what's possible from here.
Scorecard
Based on Michigan data
Review key factors to help you decide if this role fits your goals. How is this calculated?
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.
$43,000 / year median in Michigan
-26% projected decline
Job Description
Mortgage Loan Processor Priority 1 Lending, LLC Livonia, MI Job Details Full-time $30,000 - $50,000 a year 1 day ago Qualifications Computer operation Teamwork Confidential information handling Google Sheets Google Drive Microsoft Outlook Computer literacy Improving operational efficiency Attention to detail Process management Client interaction via phone calls
Full Job Description Overview Job Summary:
Priority 1 Lending is searching for a Mortgage Operations Team to join our dream team Operations specialists ensure the smooth and efficient daily operations of a company. To be successful as an operations specialist, you should be committed to improving customer experiences and able to ensure operational efficiency.Duties/Responsibilities:
- Entering data
- Splitting and labeling new loan packages
- Ordering flood certifications, FHA case number assignments and verifications of income
- State-specific disclosures and appraisal mail-outs
- Social Security Number verifications
- Indexing of loan conditions
- Ordering and uploading 4506-T transcripts
- Loan participant state and federal verification
- State and federal compliance condition reviews
- Review, Understand and enter title orders
- Follow up with requests for required information while understanding the why of the information needed
- Be familiar with State and City requirements
- Scheduling and preparing loan files for closing after conditions that are cleared from Underwriting and Processing.
- Execute General Knowledge of title clearance
- Any Additional Task assigned by the Operations manager
- Prepares closing loan package necessary for individual loan types in accordance with Bank and Investor guidelines
- Ensures the timely movement and closing of approved loans through the pipeline.
- Contacts Title Companies, Attorneys, Loan Officers, Processors and Insurance Companies to obtain documentation necessary to close mortgage loans.
- Monitors loan status on a continual basis to ensure that timely/qualify standards are achieved
- Recommends procedural changes to management.
- Complies with Banks Policies and Procedures, as well as regulatory compliance.
- Keeps abreast of industry regulations and changes
- Complete MERS registration prior to closed loan submission to investor
- Complete MERS transfer of servicing/transfer of beneficiary at time of purchase Job requirements:
- Proficiency with Microsoft Suite (specifically Outlook, Excel and Word)
- Production and process oriented
- Comfortable talking with Clients over the phone
- Attention to detail
- Self-motivated with a strong work ethic
- Comfortable in a fast-moving environment
- Ability to multitask and adapt
- Positive attitude and willingness to learn
- Onsite, full-time attendance
- Strong teamwork skills and self-awareness, while being able to perform tasks independently and problem solve with confidence
- Detail oriented and professional; able to handle confidential information
- Understanding of basic computer skills (Google, Google drive, Google Spreadsheet, ect.)
- Previous experience working with a Title Company, strongly preferred but not required