Loan Processor

Executive Summary of Position:

Employee is responsible for processing and closing a minimum of 15 loans monthly while maintaining a pipeline conducive to meeting the minimum requirement. Employee must maintain a quality rating of 90% or greater (defined as percentage of loans approved at initial submission to Underwriting). Employee is responsible for the secure and accurate accumulation of loan documentation. Employee must ensure the timely and compliant closing of all types of residential mortgage loans within established deadlines.

Essential Duties:

• Maintains a secured environment to process loan files
• Procures verifications for credit items which include, but are not limited to: employment, asset information, rental history, credit reports, etc.
• Researches and verifies account information and resolves problems for customers as needed
• Liaisons with third party vendors (appraisal, title, insurance, etc) to obtain necessary documentation for loan approval
• Reviews documentation and provides conditions for loan approvals needed to comply with underwriting guidelines: borrower documentation, credit, and collateral documentation
• Analyzes and interprets financial data to fit established parameters set by industry
• Understands and uses computer programs and systems for the tracking and processing of loans - LOS and AUS systems
• Provides support duties for management and loan officers as needed
• Ensures that all necessary disclosures (state, federal and company specific) are provided to client as required
• Communicates any concerns on possible misrepresentation or fraudulent documentation/activity to Branch Manager and/or Processing Supervisor, if necessary.
• Communicates any and all issues affecting loan process and approval with applicable loan officer
• Works with underwriting and closing departments to ensure that quality of loan submissions is consistent with maintaining the efficiencies of the loan file flow
• Communicates concerns or suggestions on improving overall systems to Processing Manager when appropriate
• Assists with problem-solving when issues arise that involve the successful closing of requested residential loan
• Maintains necessary pipeline management to ensure timely closings of all loans at a 90% COE success ratio or higher.

Other Duties:

• Handle multiple tasks simultaneously.
• Participate in proactive team efforts to achieve departmental and company goals.
• Participate in a positive teamwork environment through example and sharing of knowledge and skill.
• Comply with all safety policies, practices and procedures.
• Perform other duties as assigned by Management.

Education, Knowledge, skills, Abilities and Experience:

• A college degree with one to three years related experience and/or training. A combination of equivalent education and experience is acceptable.
• 3+ years working in a similar processing capacity (Sr. Processor or Junior Underwriter) in a correspondent lender environment
• Common sense understanding to carry out instructions furnished in written, oral or diagram form
• Computer skill required is that of basic personal computing including electronic mail, word processing, spreadsheets, graphics, etc.

• Ability to read and interpret instructions, documents and manuals; write routine reports and correspondence; speak effectively before groups of customers, employees or vendors

About Aerotek:

Aerotek, headquartered in Hanover, Md., is a leading provider of technical, professional and industrial staffing services. Established in 1983, Aerotek is an operating company of Allegis Group, the largest provider of staffing services in the U.S. Aerotek operates a network of more than 200 non-franchised offices throughout the U.S., Canada and Europe. For more information, visit .

Aerotek is acting as an Employment Agency in relation to this vacancy.