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Loan Processor

Company: Aerotek
Location: Schaumburg
Posted on: May 3, 2021

Job Description:


Responsible for the thorough process of reviewing, preparing, and verifying loan applications Supporting documentation from the loan officers and submitting the verified loan files to underwritingReview daily reports each morning to identify priorities or issues that need to be escalated to a supervisor.Managing a pipeline of loans while maintaining high level of customer satisfaction.Calculate income, assets and debt ratios.Analyze the title report, purchase contract and appraisal on files for compliance.Perform verbal verifications of employment.Communicate clearly and professionally with all customers, co-worker, supervisors and management.Ensure that the customer understands requests and time requirements.Ensures loan quality standards are met, including the review and resolution of any red flags in a file and the satisfaction of all conditionsRequired to open new loan submissions within 72 hours and validate all file information to ensure that all issues are identified so they may be resolved early.Contact the borrowers with a welcome call within the opening and validating period to ensure all required documentation is in the file to issue a credit decision.Ensure loan approval can be accomplished by the contingency date and that closing can be accomplished by the estimated closing date.Gather and review all documentation needed for the loan.Adhere to checklists and procedures.Create notes and a record of all requests in system to document issues or escalations.Prepare loan packets to submit to in-house underwriters or investor underwriters for approval.All Loan Processors will also act as a back-up for other Team Members in processing due to scheduled and unscheduled absences or as volume dictates.Other duties as assigned by manager.


fha, mortgage, loan processing, mortgage processing, Loans, Mortgage loan, Loan process, Closing documents, Commercial loan, Loan processors

Top Skills Details:

Minimum of 3 years loan processing experience including conforming conventional, FHA, 203K, VA, USDA, IHDA, Chicago Tax smart programs and sub-prime loans.High School Diploma or equivalent required

Additional Skills & Qualifications:

Knowledge of Secondary Market guidelines and standardsKnowledge of FNMA and Freddie Mac guidelines.Knowledge of TRID, Know before you owe, Regulation B ECOA and other mortgage banking related guidelines.Familiarity with industry quality control standards and fraud detection methodsExperience with POS approval processes using LP, DO/DU and other AUSProficient computer skills including Microsoft Word, Excel and Outlook.Excellent people skills.Excellent verbal and written communication skillsHas the ability to multi-task in a very fast paced environmentPossesses excellent organizational skillsHas superior attention to detailProficient knowledge of office machines (faxes, computers, printers, adding machines and telephones).Must be able to work independently and research problems / questions as required.

Experience Level:

Intermediate Level

About Aerotek:

We know that a company's success starts with its employees. We also know that an individual's success starts with the right career opportunity. As a Best of Staffing Client and Talent leader, Aerotek's people-focused approach yields competitive advantage for our clients and rewarding careers for our contract employees. Since 1983, Aerotek has grown to become a leader in recruiting and staffing services. With more than 250 non-franchised offices, Aerotek's 8,000 internal employees serve more than 300,000 contract employees and 18,000 clients every year. Aerotek is an Allegis Group company, the global leader in talent solutions. Learn more at

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

Keywords: Aerotek, Schaumburg , Loan Processor, Other , Schaumburg, Illinois

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