Our Operations team is the grease for our wheels. We have a strong ecosystem at loan Depot, and it all revolves around providing the tools to ensure success in every role. Our operations teams which can include Processing, Underwriting, Funding and more, are all invaluable pieces of the mortgage lending puzzle. We warrant a positive culture, promote teamwork & are continuously striving to take care of both our valued borrowers & our extraordinary employees. Come join us!
loan Depot We are America’s Lender.
Position Summary:
The Senior Account Manager is responsible for acting as the primary liaison between Sales, Title, Escrow Funding, and Borrowers. Evaluates credit, income, and title reports; manages a pipeline of loans; and collects stipulations through final approval and reviewing documents. Ensures the performance of all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.
Responsibilities:
Requirements:
The Perks:
We are an equal opportunity employer and value diversity in our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Applicants must be authorized to work in the U.S.
Based on recent jobs postings on Zippia, the average salary in the U.S. for a Loan Processor is $39,037 per year or $19 per hour. The highest paying Loan Processor jobs have a salary over $50,000 per year while the lowest paying Loan Processor jobs pay $30,000 per year
Loan officers are responsible for assisting borrowers on the best type of loans to avail and guiding the clients throughout the application process. A loan officer must be highly knowledgeable about different lending products, payment plans, loan regulations, and essential files for fast loan approval. Loan officers also act as the first point of contact, conducting an initial screening of the customers, process loan contracts and appropriate documentation, update account records, and respond to customer's inquiries. A loan officer also has the right to reject loan applicants who do not meet loan qualifications.
An underwriter's duties depend on the line of work or industry involved, such as mortgage companies, insurance, or lending firms. However, an Underwriter's responsibility will mainly revolve around using their extensive expertise on how a company will achieve financial gains, and assessing the possible financial risks of a client by reviewing various aspects to determine their capacity to uphold monetary obligations. Most of the time, the Underwriter's tasks will also involve evaluating a client's credit history, health, assets, overall financial history.
Specialists are employees who are responsible for specific tasks or activities in the department they are assigned to. The actions or tasks they work on are related to their educational background or work experiences. They are usually highly skilled in specializations related to the work they are assigned to. Specialists are also highly trained on the competencies that are required of their specialty. As such, they are focused on the skills and competencies that are needed to enhance their experience in their specific field further.
Team leaders are responsible for managing a team for a specific project or work component. They primarily guide the team members and ensure that they are still working towards the set goals. Team leaders create strategies to reach goals, cascade the goals and strategies to team members, assign tasks, conduct periodic check-ups on the roadmap towards the goals, foster an engaging work environment, motivate and coach team members, monitor team performance, evaluate the strategies and come up with mitigating plans as needed. They are also responsible for reporting the team's progress to higher management.
Legal assistants are responsible for doing most of the administrative or clerical needs of a lawyer. They support lawyers by preparing documents for hearings or trials, conducting research for legal cases, organizing files and records, managing schedules, manning phone lines, communicating with legal clients, documenting meeting minutes, and setting up appointments. It is important for legal assistants to have a basic knowledge of laws and the judiciary system so that they can provide better support to lawyers. They should also be detail-oriented, organized, and excellent communicators.
Yes, you can make $100,000 per year as a loan processor. It is highly unlikely to earn over $100k because the average annual salary for a loan processor is $39,037. Even loan processors in higher-paid positions do not typically earn more than $50,000 per year.
Yes, loan processors make good money. A loan processor's average annual salary is $41,782 or $20.09 per hour.
On the lower end of the salary range, you may only make around $33,000, usually for entry-level positions. On the higher end, you can make around $52,000. Senior-level positions can earn you an average salary of $61,300 or more compared to mid-level positions of $45,000.
A loan processor's job is to prepare the borrower's application for the mortgage and other essential paperwork. This job requires the loan processor to coordinate with the loan officer and the mortgage underwriter to ensure the timely processing of the mortgage loan.