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L
Long & Foster Real Estate, Inc.
Settlement Processor
Career Insights for Loan Processor
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Based on Virginia 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.
$47,287 / year median in Virginia
-23% projected decline
Job Description
Purpose of Job The Settlement Processor is responsible for pre-closing, coordinating with lenders, preparing closing statements, issuing title policies, preparation and recording of documents and making appropriate disbursements associated with the settlement and post-closing. Job Duties and Responsibilities (Essential Job Functions) Review and clear title; Identify underwriting concerns; Prepare the Closing Disclosure when applicable; Order bring downs and tax certifications; Obtain conveyancing; Prepare daily deposits; Process incoming and outgoing recordings and letters of indemnity; Other duties as required Performance Expectations Meet all performance and behavior expectations outlined in the company performance appraisal form or communicated by management. Perform responsibilities as directed achieving desired results within expected time frames and with a high degree of quality and professionalism. Establish and maintain positive and productive work relationships with all staff, customers and business partners. Demonstrate the behavioral and technical competencies necessary to effectively complete job responsibilities. Take personal initiative for technical and professional development. Follow the company HR Policy, the Code of Business Conduct and all subsidiary and department policies and procedures, including protecting confidential company information, attending work punctually and regularly, and following good safety practices in all activities.