autoMHatic Financial→
Loan Processor
Entry LevelOn-site
Location
Legal Address - Wayne, PA 19087
Salary
$44k–$52k/yr
Experience
Not specified
Posted
1 week ago
Skills
loan origination systemloan documentation reviewloan application processingincomeloan ratio calculationthird-party service coordinationdatabase managementfollow-up
Job Description
Summary: autoMHatic Financial is a leader in the specialty lending industry, focusing on manufactured home loans. The Loan Processor manages and reviews loan documentation to ensure compliance with company policies and regulations, while working closely with various stakeholders to facilitate the loan process.
Responsibilities:
- Review and enter loan applications into the Loan Origination System
- Prepare required disclosures
- Gather and analysis all documentation and information for the loan, including all approval conditions required by the underwriter
- Accurately calculate income and loan ratios to ensure it is within loan program guidelines
- Submit and follow up on orders placed with third-party service providers
- Maintain and manage loan files
- Communicate with all parties involved in the transaction, including but not limited to underwriters, loan officers, sales team, attorneys, title companies, appraisers, and our dealer and community partners, to move the loan efficiently and accurately from application to settlement
- Performs other related duties as assigned
Required Qualifications:
- Excellent verbal and written communication skills are essential
- Strong ability to follow up on assigned loans, maintaining consistent communication and record keeping
- Proficiency in data entry and experience with database management systems to maintain accurate records
- Willingness to take on additional responsibilities as assigned, demonstrating flexibility and the ability to thrive in a fast-paced environment
- High School Diploma required
- One year of related experience or an equivalent combination of education and experience that meets the required knowledge, skills, and abilities
- Prolonged periods of sitting at a desk and working on a computer
- Must be able to lift up to 15 pounds at times
Preferred Qualifications:
- College Degree
- Call center environment preferred
Required Skills: Loan Origination System, Loan Documentation Review, Loan Application Processing, Income, Loan Ratio Calculation, Third-Party Service Coordination, Database Management, Follow-Up
Benefits: Dental Insurance, Health Insurance, Life Insurance, Vision Insurance, 401K
Benefits
Dental Insurance
Health Insurance
Life Insurance
Vision Insurance
401K