Loan Processor

$18.00 - $22.00 hourly
  • RateGenius
  • Austin, TX, USA
  • Oct 26, 2020
Full time Banking Finance

Job Description

THE LOAN PROCESSOR position at rateGenius reviews loan application files to verify that application data is complete and meets establishment standards, including type and amount of loan, borrower assets, liabilities, and length of employment.

ESSENTIAL JOB FUNCTIONS AND RESPONSIBILITIES

  • Reviews and analyzes completed applications to verify all necessary information is entered, correct, and the falls within lender, state and compliance guidelines
  • Contacts customers, lienholders, insurance providers, etc. to resolve questions in regards to loan applications and to assist with completion of documents
  • Obtains and compiles documents for auto refinancing, such as copies of proof of income, insurance forms, driver’s licenses, proof of residency, etc
  • Informs supervisor of discrepancies in loan packages and makes recommendations loans not meeting standards be terminated
  • Records data on status of loans, including number of new applications and loans approved, canceled, or terminated
  • Submits loan documents to new lien-holders for funding
  • Maintains excellent job knowledge of the processes, products, systems, compliance and company information, as well as, continual professional development through personalized training with management, classes, conferences, seminars, workshops, etc

SKILLS/REQUIREMENTS

  • High school diploma or a GED
  • Self-starter and driven individual
  • Excellent typing skills
  • Ability to interact with a professional demeanor with staff, general public, Insurance companies and customers
  • Ability to work independently to drive projects to completion with defined deadlines
  • Must possess excellent planning, problem solving, analytical, organizational, multi-tasking and interpersonal communication skills
  • Must be detail-oriented with respect to documentation and execution