| Loan Processor I Job Description |
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| The following is a full job description for Loan Processor I. Here are the requirements and responsibilities for Loan Processor I along with statistics. If after reading this page you determine that Loan Processor I is not the position you are looking for, you may want to try one of these similar titles: Commercial Loan Processor I, Mortgage Loan Processor I, Loan Processor III, Loan Processor II, Loan Processing Quality Analyst I, Commercial Loan Processor III, Commercial Loan Processor II, Loan Processing Quality Analyst III, Loan Processing Quality Analyst II |
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| Requirements and Responsibilities For Loan Processor I |
| Processes loan applications by verifying borrower information and ensuring completeness and accuracy of documentation before approval. Reviews loan files to confirm income, credit history, asset documentation, and collateral details in accordance with lending guidelines and regulatory standards. Communicates with borrowers, loan officers, and underwriters to obtain missing documentation and clarify application details. Prepares loan packages for underwriting review and ensures all required documents are properly organized and submitted. Maintains accurate records in loan processing systems and monitors application status to ensure timely progression through the approval process. Tracks and monitors due dates and responds to borrower inquiries. Requires a high school diploma. Typically reports to a supervisor. Works under the close direction of senior personnel in the functional area. Possesses a moderate understanding of general aspects of the job. May require 0-1 year of general work experience. |
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| Also referred to as: Entry Consumer Loan Processor, Lending Processor I |
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| Similar Jobs: Commercial Loan Processor I, Mortgage Loan Processor I, Loan Processor III, Loan Processor II, Loan Processing Quality Analyst I, Commercial Loan Processor III, Commercial Loan Processor II, Loan Processing Quality Analyst III, Loan Processing Quality Analyst II |
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| Level of Education: Loan Processor I Salaries with a High School Diploma or Technical Certificate, Loan Processor I Salaries with an Associate's Degree, Loan Processor I Salaries with a Bachelor's Degree, Loan Processor I Salaries with a Master's Degree or MBA, Loan Processor I Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Business Services, Edu., Gov't. & Nonprofit, Financial Services | |
