Senior Loan Processor Job Description

This Senior Loan Processor job description is great for hiring the perfect candidate because it provides a clear overview of the responsibilities and requirements of the role in a concise and professional manner. It highlights the vital role of a Senior Loan Processor in the loan processing and administration process and shows potential candidates what will be expected of them.

To customize this job description to your own needs, you may want to include additional responsibilities or requirements specific to your organization or industry. For example, if your company deals primarily with commercial loans, you may want to emphasize relevant experience with commercial loan processing. You can also add information about your company culture and values to attract candidates who align with your organizational goals. Ultimately, the job description should clearly outline what the role involves and what is necessary to succeed in the position.

Job Description Brief:

Our company is seeking a Senior Loan Processor to support our loan department. The ideal candidate must have excellent communication skills, attention to detail, and a strong work ethic. The Senior Loan Processor will be responsible for reviewing loan applications, assessing financial documentation, and managing loan files from start to finish. The successful candidate will have a proven track record of meeting deadlines and working collaboratively with Loan Officers, Underwriters, and Borrowers.

Key Responsibilities:

• Review and verify loan applications for accuracy and completeness
• Analyze financial documents, credit reports, and tax returns to assess risk
• Ensure compliance with regulatory guidelines and internal procedures
• Communicate with loan officers, underwriters, and borrowers to gather necessary documentation
• Manage loan files from loan submission to funding
• Monitor loan process and ensure timely closure of all loans
• Assist in training and mentoring loan processors as necessary
• Answer loan-related inquiries from staff and customers
• Stay current on regulatory changes and industry trends

Required Qualifications and Skills:

• Minimum of [insert number] years of experience as a Loan Processor
• Proven success in managing a pipeline of loans and meeting deadlines
• Strong analytical skills with the ability to review and assess financial documentation
• Excellent written and verbal communication skills
• Strong computer literacy with proficiency in loan-processing software
• Exceptional organizational skills with the ability to multitask and meet deadlines
• Attention to detail and a high level of accuracy

Education and Experience Requirements:

• High school diploma or equivalent
• Bachelor’s degree in finance or related field (preferred)
• Minimum of [insert number] years of experience as a Loan Processor

Physical Requirements:

• [Insert any physical requirements of the position, such as the ability to sit for extended periods of time]

Work Schedule and Conditions:

This is a full-time position with a regular Monday through Friday work schedule. [Insert any additional work schedules information, such as occasional weekend work or overtime requirements]

Compensation and Benefits:

[Insert compensation and benefits information]

Company Culture and Values:

[Insert company culture and values information]

Career Advancement Opportunities:

[Insert information about potential career advancement opportunities within the company]

Application Process and Contact Information:

To apply, please submit your resume and cover letter to [insert email address or other application instructions]. For more information or questions about the position, please contact [insert contact information]. We look forward to hearing from you!