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PrideStaff

Mortgage Processor

Career Insights for Loan Processor

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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.

$48,202 / year median in New York

-15% projected decline

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Job Description

Position:
Mortgage Processor Location:
Melville, NY Company/Industry:
Well-established mortgage banking firm
Schedule:
Mon-Fri In-Office Only Salary:
$65,000 - $80,000/yr + benefits, depending on experience, flexibility for the right candidate
Type:
Direct Hire Key Responsibilities Process Conventional, FHA, VA, and other residential loan products Review loan applications, disclosures, and documentation for accuracy and compliance Work within Encompass to update, track, and manage loan files Prepare files for underwriting and clear conditions with borrowers, loan officers, and third parties Communicate with borrowers, title companies, attorneys, and investors Process correspondent and brokered loans for multiple investors Ensure TRID compliance and proper disclosure timing Maintain a high?volume pipeline with strong attention to detail Work independently while collaborating with loan officers and operations staff Provide updates and maintain clear communication throughout the loan process Qualifications 5+ years of mortgage processing experience Encompass experience required Experience with correspondent and brokered loans Knowledge of Conventional, FHA, VA guidelines Strong understanding of TRID Excellent written and verbal communication Ability to work independently in a structured office environment Compensation / Pay Rate (Up to): $65,000.00 - $85,000.00