Loan Processor

Job Description

Job Description

Job Title : Loan Processor

Location : Plainview, NY

Job Type : Full-Time, permanent

Compensation :

Base Salary : $50-60K (commensurate with experience)

Monthly Bonus : ranging from $450 – $900 / month

Position Overview

The Loan Processor supports the Sales and Underwriting teams by ensuring accurate and compliant documentation from loan submission through funding. This role acts as a liaison between borrowers and internal departments to facilitate a smooth and timely loan process.

Key Responsibilities

Communicate with borrowers to collect required documentation and information

Verify application data against submitted documents in CNC

Ensure income and asset documentation meet compliance standards

Run AUS (DO, DU, or LP) and request third-party stipulations as needed

Order and review FHA Case Number, CAIVRS, LDP / GSA, Flood Cert, Title / Tax Cert, Survey

Obtain payoffs, payment histories, VOR / VOM, and subordinations when applicable

Recalculate income to confirm accuracy

Review appraisal and title for property description accuracy and lien clearance

Confirm real estate taxes and hazard insurance are current and sufficient

Collaborate with Post Closing to resolve funding issues

Requirements

Excellent verbal and written communication skills

Strong attention to detail and analytical abilities

Customer service orientation and reliability

Proficiency in Microsoft Word and Excel

Ability to identify and resolve issues professionally and efficiently

Adaptability to system updates and process changes

Pay Details : $50,000.00 to $60,000.00 per year

Search managed by : Clare Rant

Equal Opportunity Employer / Veterans / Disabled

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The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and / or security clearance requirements, including, as applicable :

• The California Fair Chance Act
• Los Angeles City Fair Chance Ordinance
• Los Angeles County Fair Chance Ordinance for Employers
• San Francisco Fair Chance Ordinance

Massachusetts Candidates Only : It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.