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CC
Commercial Collateral Lending LLC
Mortgage Loan Assistant
Career Insights for Loan Processor
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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 Overview Join our dynamic team as a Mortgage Loan Assistant and become a vital part of the commercial financing journey! In this energetic role, you will support the mortgage lending process by coordinating loan documentation, ensuring compliance with industry regulations, and providing exceptional customer service. Your proactive approach will help streamline loan origination, underwriting, and servicing activities, enabling clients to achieve their homeownership goals with confidence. This position offers a fantastic opportunity to grow within the financial services sector while making a positive impact on our clients' lives. Responsibilities Assist loan officers in preparing and reviewing mortgage loan documentation, including disclosures and application forms Coordinate with clients to gather necessary financial information and verify accuracy for loan processing Ensure all loan files comply with FNMA (Fannie Mae), TRID (TILA-RESPA Integrated Disclosure), FHA (Federal Housing Administration), VA (Veterans Affairs), and other relevant regulations Support the underwriting team by conducting credit analysis, income verification, and collateral evaluation Manage loan processing tasks such as escrow setup, loan documentation tracking, and ensuring adherence to lending policies Maintain clear internal communication with team members to facilitate smooth workflow and timely approvals Utilize Encompass or similar mortgage software to process applications efficiently while ensuring compliance with all loan regulations Requirements Proven experience in loan origination, mortgage servicing, or related financial services roles, preferably with loan officer experience Strong knowledge of industry standards including FNMA guidelines, Fair Housing regulations, TILA (Truth in Lending Act), and mortgage compliance requirements Familiarity with mortgage products such as conventional loans, FHA loans, VA loans, and industry-specific software like Encompass Excellent organizational skills with attention to detail in loan documentation and processing procedures Proficiency in Microsoft Office Suite (Word, Excel) and basic math skills for credit analysis and escrow calculations Ability to communicate effectively internally and externally to ensure client satisfaction and regulatory compliance Knowledge of federal housing regulations and lending practices to support compliant mortgage services Embark on a rewarding career path where your expertise helps clients navigate the complex world of home financing! We are committed to fostering an inclusive environment that values your skills and dedication. Join us today to make a difference in the lives of commercial buyers while advancing your professional journey in the vibrant field of mortgage lending.