Loan Processor
Job Description
A Loan Processor is essential in the lending process, responsible for assessing and verifying loan applications, ensuring compliance with regulations, and coordinating with various stakeholders. Key responsibilities include gathering financial documentation, analyzing borrower creditworthiness, and preparing loan files for underwriting. Required skills include attention to detail, analytical abilities, and strong communication. Typically working in office environments, Loan Processors collaborate closely with loan officers, underwriters, and clients. Opportunities for career advancement may lead to senior processing roles, underwriting, or management positions within financial institutions.