Loan Processing Assistant

  • Location
    Chicago, Illinois
  • Category
    Loan / Mortgage
  • Job reference:
    US_EN_5_849119_2788582
  • Job type
    Direct Hire

Hello there! Accounting Principals is looking for a Loan Processing Assistant to join their client's team! This position is located in Chicago. This position is a great way to get into the bustling mortgage industry. You will get to learn all different aspects of the business. 

Job Duties:

  • Assist Loan Processors in validating assets and liabilities listed on the loan application by gathering information from third party resources (examples include obtaining bank statements to verify deposit balances and matching liabilities listed against credit reports). Validate additional information provided by loan applicant on the application (including Verification of Employment, Verification of Deposits, flood certification, HMDA information, etc.)
  • Assist Loan Processors in gathering documentation specifically required by FHA, VA, or USDA Rural Development for prospective customers applying for those loan programs in accordance with policies & procedures, register loans on the origination system.
  • Assist Loan Processors with issuing proper disclosures as required by federal regulatory compliance and review rate locks and point objectives for accuracy, ensure overage and underage is approved as well as waiver of any fees. Set up files & order all necessary exhibits for appraisals and credit reports, check alternative documentation for accuracy and potential problems. Review flood and tax certificates and surveys noting all issues upon receipt, review all documents thoroughly to ensure they meet standards before submission to Underwriting. 4 Assist Loan Processors in providing all required information to underwriters for loan decision if additional information is needed, contact Loan Officer for needed information.
  • Assist Loan Processors with refinance loan applications that are approved, request payoff information for all existing mortgage loans/liens.
  • Assist Loan Processors in obtaining lists from underwriters of conditions necessary to close loan and work with Loan Officer to obtain necessary information in order for Loan Processor to submit to underwriter.
  •  Assist Loan Processors in verifying that all files receiving clear to close approval contain Title Commitment, Proof of Homeowners Insurance, Insured Closing Letter, Wiring Instructions and Tax Report.
  • Preferred Education & Experience:

  • High School Diploma or GED equivalent required, some college preferred; College degree desired.
  • 2 months of mortgage or financial industry experience, or experience working in an administrative support role is required.
  • Intermediate to computer proficiency skills with MS Office, Excel; Mortgage Loan Applications/Software) Encompass 360 desired.
  • Excellent customer service skills; written and oral communication skills and ability to demonstrate control, flexibility and maintain quality and high productivity when dealing with customers and changing work demand.
  • Ability to multi-task and operate in a high-volume, fast-paced environment. · Knowledge of federal and state regulatory requirements a plus.
  •  Must be able to perform essential responsibilities with or without reasonable accommodation

  • Equal Opportunity Employer/Veterans/Disabled

    To read our Candidate Privacy Information Statement, which explains how we will use your information, please click here.

    The Company will consider qualified applicants with arrest and conviction records


  • Equal Opportunity Employer/Veterans/Disabled

    To read our Candidate Privacy Information Statement, which explains how we will use your information, please

    The Company will consider qualified applicants with arrest and conviction records

    Please apply with your CV to:

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