Loan Processor (Entry Level) - Latitude Inc

Job Title: Entry-Level Loan Processor

Location: Walkersville MD

Employment Type: Full-Time

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.

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.

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.

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.

Ability to pass a background check.

Willingness to learn and adapt to new tasks and responsibilities.

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.

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.