Job Details

The Loan Processor is responsible for processing and verifying loan applications, ensuring all required documentation is complete and accurate, and working closely with loan officers, underwriters, and other team members to facilitate the timely approval and disbursement of loans.

**Must Have NonQM experience**

Key Responsibilities:

• Review Loan Applications: Examine loan applications for completeness, accuracy, and compliance with internal and external guidelines.
• Verify Borrower Information: Collect, verify, and update financial and personal information required for loan approval, such as income, credit history, employment status, and property details.
• Document Preparation: Prepare and organize necessary loan documents, such as application forms, credit reports, and legal disclosures.
• Coordinate with LPA and Investors: Communicate with LPA to request additional information or clarification and keep them informed about the progress of their loan application.
• Monitor Loan Progress: Track loan applications through all stages of the approval process, ensuring timely documentation submission and following up on any outstanding items.
• Compliance: Ensure all loan files comply with legal and regulatory requirements, including federal and state laws, as well as company policies.
• Assist Underwriters: Provide necessary support to underwriters in evaluating loan applications and financial data.
• Maintain Records: Organize and maintain accurate records of loan applications, approvals, denials, and documents in accordance with company and regulatory standards.
• Problem Resolution: Address and resolve issues or discrepancies related to loan applications, documentation, or processing delays.
• Customer Service: Provide excellent customer service by responding to client inquiries and offering assistance during the loan process.

Griffin Funding, provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, Griffin Funding, complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.

NMLS #1120111

VA Approved Lender ID: 908#######
FHA Non-Supervised Lender No.: 01472-0000-3