Junior Loan Processor (HELOC) $40K-50K Annually with Bonus Incentive

As a Junior Processor, you will manage the end-to-end processing of Home Equity Line of Credit applications across both retail and wholesale channels. You will collaborate closely with loan officers, underwriters, external third-party partners, and clients to ensure all documentation is accurate, complete, and fully compliant with regulatory requirements.

● Review and verify borrower information, including credit reports, income, credit and asset documentation, as well as property details to ensure accuracy and completeness.

● Prepare and submit complete loan files to Underwriting to obtain approval and achieve Clear to Close upon initial review.

● Communicate with applicants to request any outstanding documentation and provide status updates at regular intervals (every 24–48 hours).

● Prepare and provide weekly pipeline updates to Loan Officers, clearly communicating the status of each loan file.

● Respond to all emails within the same business day. Urgent matters should be addressed immediately upon receipt.

● Facilitate communication with external third-party partners, including but not limited to appraisal management companies, title companies, and insurance agencies.

● Ensure full compliance with applicable lending regulations, internal policies, and investor guidelines.

● Maintain accurate and up-to-date records while consistently meeting established processing timelines.

● Consistently achieve a monthly loan closing volume of 20-30 transactions.

Qualifications

● 2+ years of mortgage or HELOC processing experience preferred.

● Strong knowledge of lending regulations and documentation requirements.

● Excellent organizational skills with high attention to detail.

● Proficient in loan origination systems and Microsoft Office Suite.

● Strong communication and customer service skills.