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BF
BHHS Fox & Roach Realtors
Title Closing Processor
Career Insights for Loan Processor
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Scorecard
Based on Pennsylvania 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.
$43,304 / year median in Pennsylvania
-24% projected decline
Job Description
Job Duties and Responsibilities (Essential Job Functions) Common activities are listed below: actual position responsibilities may vary. Please refer to manager or human resources for specific duties and performance expectations of the position. Process, review for completeness and organize the closing file. Order all necessary information for the upcoming closing, including payoff, title evidence, mortgage documentation, inspections and other pertinent information. Schedule closings. Locate abstracts. Obtain and review all documents to satisfy lien holders. Maintain accuracy of files throughout the closing process. Inform appropriate persons if additional documentation or action is necessary. Follow the progress of loan and title work and facilitate corrections of problems to help maintain a timely closing date. May prepare and submit closed loan or assumption package, deposits and disbursement documentation, recording packages and commission package to the appropriate departments or entities. (50
- 80%) (25-50% for Commercial Title in Nebraska) Prepare transferring and mortgage documentation, HUD Settlement Statements and other required miscellaneous documents for execution.
- 20%) Respond in a timely, professional and courteous manner to any phone inquiries from our customers regarding pending and closed files. Communicate with sales associates and client about the closing process. (5
- 15%) Determine and verify title exceptions. May communicate the problem (or potential problem) to the clients and their respective sales associates or attorneys. Assist to resolve title issues prior to closing. (0
- 10%) May assist with business marketing to help increase the capture rate to meet goals. (0
- 10%) May perform administrative duties such as, answer phones, type, proof, package and distribute documents and files, perform copying, retrieve files, process mail and courier deliveries and help with mailings. (0
- 5%) May provide support as needed for the Commercial Title Assistant. (0
- 5%) Perform any additional responsibilities as requested or assigned.
Qualifications Education:
High school diploma or equivalent work experience and knowledge.Experience:
One to two years of real estate, mortgage or title experience.Knowledge and Skills:
Strong computer skills. Effective oral and written communication skills. Must be able to work efficiently, handle deadline pressures and to work as a member in a team-oriented environment. Effective interpersonal skills, detail-oriented, self-motivated, organized, with a customer service focus. Effective analytical and problem-solving skills. Must possess a strong aptitude for figures. Ability to prioritize and handle multiple tasks and projects concurrently. Other (licenses, certifications, schedule flexibility/OT, travel, etc.): Ability to occasionally work extra hours during peak times of the month. We offer a full suite of benefits including Medical, Health Savings Account, Dental, Vision, Life Insurance, Paid Vacation (PTO), 401(k) with employer match, Flexible Spending Account, and Employee Assistance Program (EAP) Equal Opportunity Employer Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.Benefits
- Paid Time Off (PTO)
- 401(k) Plans
- Professional Development
- Other Retirement and Savings