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RH
Robert Half
Loan Processor - Support
Career Insights for Loan Processor
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Based on New Jersey 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.
$47,579 / year median in New Jersey
-28% projected decline
Job Description
We are looking for a detail-oriented Loan Processor to focus on supporting residential mortgage loan activities from application intake through documentation review and coordination with underwriting. The ideal candidate brings hands-on experience in loan processing, escrow-related tasks, and client file management while maintaining accuracy in a fast-paced environment.
Responsibilities:
- Process residential mortgage loan files by reviewing incoming information and organizing each stage of the workflow from submission to follow-up.
- Enter borrower application details into the appropriate systems with a high level of accuracy and completeness.
- Obtain and review credit information to support loan evaluation and next-step decision-making.
- Partner with underwriting staff by preparing files, clarifying outstanding items, and helping move loans forward efficiently.
- Collect required borrower documentation and follow up with clients to ensure files remain complete and up to date.
- Manage title-related paperwork and maintain orderly loan records to support processing and closing activities.
- Support servicing functions associated with residential and mortgage loans while adhering to established procedures.
- Coordinate with internal teams and external parties to help keep loan files progressing on schedule.