We are looking for a detail-oriented Loan Processor to join our team in San Jose, California. In this Contract to permanent position, you will play a key role in supporting the loan process by ensuring accuracy and compliance at every stage. This is an excellent opportunity to contribute to a growing team while developing your expertise in loan administration and mortgage processing.<br><br>Responsibilities:<br>• Review loan applications to ensure all required documentation is complete and accurate.<br>• Coordinate with clients, lenders, and other stakeholders to gather missing information or resolve discrepancies.<br>• Verify borrower information, including income, employment, and credit history, to support loan approvals.<br>• Prepare and submit loan files for underwriting and ensure compliance with regulatory standards.<br>• Track the progress of loans from application to closing, ensuring timely communication with all parties involved.<br>• Assist in preparing closing documents and confirm that all conditions have been met prior to finalizing loans.<br>• Maintain detailed records of loan files and update systems with accurate information.<br>• Respond promptly to inquiries from clients and team members regarding loan statuses.<br>• Identify opportunities for process improvements to enhance efficiency and accuracy.<br>• Stay informed about industry regulations and guidelines to ensure compliance.
<p><strong>Key Responsibilities</strong></p><ul><li><strong>File Review & Verification:</strong> Reviewing loan applications for accuracy and completeness, including income verification, asset statements, and credit checks.</li><li><strong>Documentation Management:</strong> Collecting required documents (tax returns, W-2s, bank statements) and ordering third-party services like appraisals, title searches, and flood certifications.</li><li><strong>Underwriting Preparation:</strong> Preparing the loan file for submission to the underwriter and clearing all underwriting conditions.</li><li><strong>Communication:</strong> Communicating with borrowers, real estate agents, and vendors to resolve discrepancies and meet deadlines.</li><li><strong>Compliance & Disclosure:</strong> Ensuring all loan documentation meets industry regulations (e.g., TRID, RESPA, HMDA) and company policies.</li></ul><p><br></p>