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Senior Loan Processor
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United Mortgage Corp
Melville, NY (In Person)
$75,000 Salary, Full-Time
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Job Description
Overview Join our dynamic financial services team as a Senior Loan Processor, where you will play a vital role in managing the end-to-end loan processing lifecycle. This position offers an exciting opportunity to leverage your expertise in mortgage lending, underwriting, and loan origination to facilitate smooth and compliant loan transactions. As a Senior Loan Processor, you will ensure accuracy, efficiency, and adherence to regulatory standards while supporting our commitment to exceptional customer service. Your proactive approach and detailed knowledge of FNMA guidelines, fair housing regulations, and mortgage servicing will drive success in this fast-paced environment. Responsibilities Review and verify loan documentation, including income, assets, credit reports, and appraisal reports to ensure completeness and compliance with FNMA standards. Coordinate with underwriters to facilitate timely approval of loan files by providing accurate and organized information. Prepare and process loan applications, contracts, disclosures (such as TILA), and escrow instructions with precision. Conduct thorough credit analysis and assess borrower financials to determine eligibility and risk factors. Manage the loan origination process from initial application through final approval, ensuring all steps meet federal regulations and banking policies. Maintain clear communication with loan officers, borrowers, escrow officers, and other stakeholders throughout the processing cycle. Ensure all processing activities adhere to fair housing laws, TILA regulations, and mortgage servicing guidelines while maintaining meticulous records of all transactions. Experience Proven experience in loan processing within the financial services or mortgage industry, with a strong understanding of FNMA guidelines. Demonstrated knowledge of underwriting principles, credit analysis techniques, and mortgage servicing procedures. Prior loan officer or mortgage originator experience is highly desirable for understanding client needs and streamlining processes. Familiarity with banking operations, contracts management, escrow procedures, and basic math skills necessary for accurate calculations. Proficiency in 10-key typing and math functions to support efficient data entry and verification tasks. Strong understanding of fair housing regulations, TILA compliance requirements, and contractual obligations related to loans. Join us in delivering exceptional service by ensuring every loan is processed accurately and efficiently! This role offers a chance to grow your career within a supportive environment that values expertise in mortgage lending processes while emphasizing compliance and customer satisfaction.