Loan Processor (Entry Level)

Job Title: Entry-Level Loan Processor Location: Walkersville MD Employment Type: Full-Time Job Summary: We are seeking a motivated and detail-oriented Entry-Level Loan Processor to join our dynamic team. This position is ideal for individuals looking to start their career in the financial services industry and gain hands-on experience in loan processing. The successful candidate will assist in the preparation, documentation, and review of loan applications to ensure timely and accurate processing. Training will be provided. Key Responsibilities: Application Review: Assist in the initial review of loan applications to ensure completeness and accuracy of required information and documentation. Document Verification: Verify applicant information by contacting appropriate sources to validate employment, income, assets, and other pertinent details. Data Entry: Accurately input and update loan application data into the company’s loan processing system. Customer Interaction: Communicate with applicants to request additional information or documentation as needed. Provide updates on application status. Compliance Adherence: Ensure all loan processing activities comply with regulatory requirements, company policies, and procedures. File Preparation: Prepare loan files for underwriting by compiling and organizing all required documents. Coordination: Coordinate with loan officers, underwriters, and other team members to facilitate efficient loan processing and approvals. Problem Resolution: Identify and resolve issues that may cause delays in the loan processing timeline. Quality Control: Conduct quality control checks to ensure the accuracy and completeness of loan files before submission. Reporting: Generate and review reports on loan application statuses and processing timelines. Qualifications: Education: High school diploma or equivalent required; Associate’s or Bachelor’s degree in finance, business, or a related field is preferred. Experience: Previous experience in a customer service or administrative role is beneficial but not required. Training will be provided. Skills: Excellent attention to detail and organizational skills. Strong communication and interpersonal skills. Proficiency in Microsoft Office Suite (Word, Excel, Outlook). Ability to multitask and prioritize work in a fast-paced environment. Basic knowledge of loan processing and financial services is a plus. Other Requirements: Ability to pass a background check. Willingness to learn and adapt to new tasks and responsibilities. Working Conditions: Environment: Office setting with standard working hours. Some overtime may be required based on workload. Physical Demands: Sitting for extended periods, occasional lifting of up to 20 pounds, and frequent use of computer and telephone. Benefits: Competitive salary with opportunities for performance-based bonuses. Comprehensive health, dental, and vision insurance plans. Retirement savings plan with company matching. Paid time off, including holidays and vacation. Training and professional development opportunities. $50,000 - $60,000 a year Apply Job!