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- Tasks: Help borrowers navigate the mortgage process and manage loan documentation.
- Company: The Lending Group CO is a leading retail mortgage lender offering diverse mortgage products.
- Benefits: Competitive salary, dynamic team environment, and opportunities for professional growth.
- Why this job: Join a successful team and make a real impact in people's lives through home financing.
- Qualifications: 3+ years of loan processing experience and strong analytical skills required.
- Other info: Ideal for detail-oriented individuals looking to advance in the mortgage industry.
The predicted salary is between 40000 - 52000 £ per year.
The Lending Group CO • Southampton , PA , US
Posted 4 months ago
Description
Are you an experienced, detail-oriented mortgage loan processor who can successfully aid applicants in navigating the mortgage lending process? If so, we are looking for you! We are currently seeking a skilled and high-producing mortgage processor to work with the mortgage loan officers on our team. If you’re interested in a dynamic position on a well-established and successful lending team, look no further; apply now!
Responsibilities
- Maintain detailed documentation of the process in our system – from origination to close
- Assist borrowers in determining the best mortgage type based on interview and situation
- Prepare and submit detailed loan packages to the lender underwriting department for approval or denial
- Secure property and loan documentation to process mortgage loan files such as appraisals, inspections, title searches, site surveys, contracts, and property tax records
- Serve as a liaison between borrowers, mortgage brokers and loan officers, real estate agents, and mortgage lending underwriters to support loan approval
Qualifications
- 3 year minimum experience in loan processing is required
- Must possess exceptional attention to detail, as well as strong analytical and time management skills
- Minimum of 2+ years loan processing experience required
- Experience in mortgage lending and knowledge of loan types, such as FHA, FHLB, FNMA, or VA loans required
- We prefer an Associate’s degree in accounting, finance, or business – High school diploma or GED required
- Must possess excellent written and verbal communication skills
Compensation
$47,000 – $65,000 yearly
About The Lending Group CO
The Lending Group Co is a retail mortgage lender that provides a complete range of premium mortgage products and services to meet the needs of its clients. We originate first and second residential mortgage loans for Conventional, FHA, VA, Jumbo, and Reverse borrowers nationwide.
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Loan Processor employer: Bighornlaw
Contact Detail:
Bighornlaw Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Loan Processor
✨Tip Number 1
Network with professionals in the mortgage industry. Attend local real estate or finance events to meet loan officers and underwriters who can provide insights into the role and potentially refer you to openings.
✨Tip Number 2
Familiarise yourself with the specific loan types mentioned in the job description, such as FHA and VA loans. Understanding these will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 3
Prepare for potential interview questions by practising how you would handle common scenarios in loan processing. This could include discussing how you manage documentation or resolve issues between borrowers and lenders.
✨Tip Number 4
Showcase your attention to detail during any interactions with the company. Whether it's through your communication or follow-up emails, make sure everything is clear and precise to reflect the skills they are looking for.
We think you need these skills to ace Loan Processor
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of a Loan Processor. Familiarise yourself with the mortgage lending process and the specific requirements mentioned in the job description.
Tailor Your CV: Highlight your relevant experience in loan processing, especially any specific types of loans you have worked with, such as FHA or VA loans. Use keywords from the job description to ensure your CV aligns with what the company is looking for.
Craft a Compelling Cover Letter: Write a cover letter that showcases your attention to detail and analytical skills. Mention specific examples from your past experience that demonstrate your ability to assist borrowers and manage documentation effectively.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. Ensure that your written communication is clear and professional, as this reflects your suitability for the role.
How to prepare for a job interview at Bighornlaw
✨Showcase Your Attention to Detail
As a loan processor, attention to detail is crucial. Be prepared to discuss specific examples from your past experience where your meticulous nature helped avoid errors or streamline processes.
✨Demonstrate Your Knowledge of Loan Types
Familiarise yourself with various loan types such as FHA, VA, and Conventional loans. During the interview, confidently explain how your knowledge can benefit the team and assist borrowers in making informed decisions.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills. Prepare for scenarios where you might need to handle difficult situations with borrowers or resolve discrepancies in documentation.
✨Communicate Effectively
Since you'll be liaising with various stakeholders, practice articulating your thoughts clearly. Highlight your communication skills by providing examples of how you've successfully collaborated with others in previous roles.
