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AS
ATC Staffing Solutions
Processing
Career Insights for Loan Processor
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Scorecard
Based on North Carolina 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.
$43,681 / year median in North Carolina
-20% projected decline
Job Description
Processing Madison, NC 27025 From $13.25 an hour - Temporary, Full-time From $13.25 an hour - Temporary, Full-time Job Overview Join our dynamic team as a Processing Specialist, where you'll play a vital role in ensuring the smooth and compliant handling of loan documentation and processing activities within the financial services sector. This energetic position offers the opportunity to work closely with loan officers, underwriters, and clients to facilitate mortgage and lending transactions that adhere to industry standards and regulatory requirements. Your expertise will help streamline operations, maintain compliance with federal and state regulations, and support our commitment to exceptional customer service. Duties Review and process loan applications, ensuring all documentation complies with FNMA (Fannie Mae), TRID (TILA-RESPA Integrated Disclosure), and other federal lending regulations. Prepare and verify loan documentation for mortgage origination, including FHA, VA, conventional, and other mortgage loans. Conduct credit analysis and review borrower information to determine eligibility and compliance with lending standards. Ensure adherence to Fair Housing regulations and maintain compliance with all applicable mortgage servicing laws. Utilize Encompass or similar loan origination software to input data accurately, track application progress, and generate necessary reports. Collaborate with internal teams on loan documentation, escrow details, and contract requirements while maintaining clear client communication. Support underwriting processes by providing necessary financial data, performing basic math calculations, and verifying loan details for accuracy. Requirements Proven experience in loan processing or related roles within the financial services or banking industry. Strong knowledge of FNMA guidelines, TILA (Truth in Lending Act), TRID compliance, and federal housing regulations such as FHA and VA loans. Familiarity with mortgage servicing processes, credit analysis, and mortgage underwriting procedures. Proficiency in Microsoft Office applications including Word, Excel, and Outlook; experience with Encompass or comparable loan origination systems is preferred. Excellent attention to detail with the ability to handle multiple tasks efficiently while maintaining accuracy. Knowledge of industry regulations related to fair housing, lending compliance, and banking regulatory standards. Strong internal communication skills for effective collaboration across teams and client interactions. Basic math skills including 10-key typing for data entry accuracy; understanding escrow calculations is a plus. Join us as a Processing Specialist if you're passionate about supporting responsible lending practices while delivering outstanding service in a fast-paced environment!