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Lending Experts

Mortgage Loan Processor

Career Insights for Loan Processor

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Based on Michigan 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.

$43,000 / year median in Michigan

-26% projected decline

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Job Description

Mortgage Loan Processor Lending Experts is looking for a detail-oriented, high-energy Mortgage Loan Processor to join our growing team in Troy. You will serve as the essential "engine" of the loan process, ensuring files move smoothly from initial application to a successful closing. As a primary point of contact, you will bridge the gap between loan officers, borrowers, underwriters, and sales agents. If you thrive in a fast-paced environment and take pride in precision and clear communication, we want to talk to you.
What You'll Do Pipeline Management:
Act as the central hub for every loan file, coordinating effectively with borrowers, loan officers, and underwriters.
Documentation & Verification:
Proactively collect, review, and organize all necessary financial documentation for the underwriting department.
Problem Solving:
Identify potential hurdles in the loan file early and work with the team to find solutions for a "Clear to Close."
Closing Coordination:
Once approved, ensure all files are complete and efficiently handed off to the closing department.
Communication:
Provide world-class service by keeping all parties updated on the status of the loan at every milestone.
Requirements Experience:
Minimum of 1 year of mortgage processing experience (Required).
Education:
High school diploma or equivalent (Required).
Reliability:
Must be able to reliably commute to our Troy, MI office (Required).
Technical Skills:
Familiarity with modern LOS (Loan Origination Systems) and a high level of comfort with digital document management. Skills for Success Ability to manage an 8-hour shift in a dynamic office setting. Strong organizational skills with the ability to handle multiple files simultaneously. Excellent verbal and written communication skills. A "team-first" attitude with a focus on growth and culture. Benefits We believe in taking care of our team members. At Lending Experts, you'll enjoy:
Financial Security:
Competitive salary and 401(k) retirement plan.
Health & Wellness:
Comprehensive Health, Dental, and Vision insurance.
Work-Life Balance:
Paid Time Off (PTO) to recharge.
Environment:
A collaborative, professional office setting.
Pay:
$60,000.00 - $120,000.00 per year
Benefits:
401(k) Health insurance Paid time off Vision insurance
Work Location:
In person

Benefits

  • Paid Time Off (PTO)
  • 401(k) Plans
  • Other Retirement and Savings
  • Health Insurance