Mortgage Loan Processor in Illinois

The Loan Processor is responsible for the thorough review of a file. They prepare and verify the data on the loan application as well as supporting documentation that has been provided by the loan officer and submit the verified loan files to underwriting. If additional information is needed to render a decision, it is the Processor’s responsibility to reach out to the borrower to obtain.

ESSENTIAL DUTIES

• Proactively manage a pipeline of loans and review daily reports to identify priorities.  Escalate issues to supervisor, when needed.

• Provide excellent customer service.
• Respond promptly to all forms of communication.
• Communicate (both via phone and email). 
• Calculate income, review assets, know how to calculate student loan debt per product(conv or govt loans) and debt ratios.
• Must know how to review a credit report, identify issues that need to be addressed.
• Analyze the title...