Entry Level Loan Processor

Columbia, MD
Full Time
Entry Level


  • Onsite in Columbia, MD
  • Salary: $55,000 - 60,000


  1. Application Review:

    • Review loan applications submitted by borrowers for completeness and accuracy.
    • Verify borrower information, including income, credit history, employment details, and financial statements.
  2. Document Verification:

    • Collect and verify all required documentation, such as tax returns, pay stubs, bank statements, and property information.
    • Ensure that all documents are accurate, current, and meet lender and regulatory requirements.
  3. Communication:

    • Maintain clear and consistent communication with borrowers to request additional information or clarify details as needed.
    • Collaborate with loan officers, underwriters, and other relevant parties to facilitate smooth loan processing.
  4. Data Entry and System Management:

    • Enter borrower information and documentation into loan processing software or database systems accurately.
    • Update loan application statuses and document completion progress.
  5. Guidelines Adherence:

    • Ensure that all loan applications comply with lender policies, industry regulations, and legal requirements.
    • Stay up-to-date with changing lending regulations and guidelines.
  6. File Preparation:

    • Organize and compile loan application files for submission to underwriting.
    • Prepare and submit necessary documents to third-party vendors for services such as property appraisals and title searches.
  7. Problem Solving:

    • Identify discrepancies or potential issues in loan applications and work with borrowers and loan officers to resolve them.
  8. Timely Processing:

    • Prioritize and manage a pipeline of loan applications to meet deadlines and service level agreements.
    • Provide regular updates on application progress to borrowers and stakeholders.
  9. Quality Control:

    • Perform quality checks on completed loan files to ensure accuracy and completeness before submission to underwriting.
  10. Customer Service:

    • Provide excellent customer service to borrowers, addressing their questions and concerns in a professional and helpful manner.


  • Bachelor's degree in finance or related field preferred
  • Previous experience as a loan processor or in a related role within the mortgage or lending industry.
  • Strong knowledge of loan processing procedures, underwriting guidelines, and regulatory requirements.
  • Proficiency in using loan origination software and office productivity tools.
  • Excellent organizational skills and attention to detail.
  • Effective communication and interpersonal skills.
  • Ability to work independently and collaboratively in a fast-paced environment.
  • Familiarity with financial documents, credit reports, and loan-related documentation.

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