Loan Processor

• Guide consumer loans from application through funding, ensuring efficient processing and adherence to service expectations and timelines
• Review loan applications for completeness, accuracy, and proper scoring in the Loan Origination System
• Create, review, and finalize compliant loan closing documents
• Execute consumer loan funding and disbursement activities
• Answer member questions, provide updates, coordinate signing appointments, and deliver high-quality service
• Review income verification, collateral insurance, purchase orders, vehicle titles, and other supporting documentation
• Conduct title reviews, identify discrepancies, and resolve title-related issues
• Collaborate with third-party vendors to clear collateral conditions and obtain required documentation
• Apply valuation cascades as needed
• Manage multiple queues, inboxes, and loan files while meeting service levels and deadlines
• Ensure compliance with lending policies, regulatory requirements, and BECU service standards
• Support team and business objectives through additional responsibilities and projects as assigned

Consumer Loan Processor guiding member loans from application to funding at BECU credit union

Consumer Loan Processor

Consumer Loan Processor guiding member loans from application through funding at BECU, a member-owned credit union.
Reviewing documentation, resolving title issues, coordinating vendors, and ensuring compliant lending experiences.

• Plays a key role in delivering a smooth and positive mortgage experience for customers
• Reviewing, verifying, and preparing complete loan files for Underwriting and Closing
• Acts as the central point of communication between loan officers, assistants, builders, real estate partners, and customers
• Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers
• Maintains and updates loan application information within loan origination software and other applications
• Orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents
• Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed
• Ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines
• Calculates income, reviews assets and liabilities
• Reviews all disclosures for completeness and compliance
• Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions
• Monitors rate lock information for data integrity and expiration dates; communicates discrepancies to the Loan Officer
• Updates loan officer, loan officer assistant, realtors, builders and customers on loan status
• Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements
• Senior Processors may provide training and guidance to other Processors on the team.

Loan Processor ensuring a smooth mortgage experience for customers at Universal Lending Corporation

Loan Processor ensuring a smooth mortgage experience for customers at Universal Lending Corporation. Responsible for reviewing and preparing loan files for Underwriting and Closing.

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Consumer Loan Processor

Loan Processor