Fraud Analyst
Columbus, OH · On-site
$26.42/hr
Columbus, OH · On-site
$26.42/hr
Columbus, OH · On-site
$24 - $26/hr
Columbus, OH · On-site
$26.42/hr
Columbus, OH · On-site
$24 - $26/hr
Columbus, OH · On-site
$24 - $26/hr
Columbus, OH · On-site
$24 - $26/hr
Columbus, OH · On-site
$85 - $100/hr
Columbus, OH · On-site
$18 - $24.25/hr
Columbus, OH · On-site
$115K - $130K/yr
Columbus, OH · On-site
$118K - $189K/yr
Columbus, OH · On-site
$89K - $142K/yr
New
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The job of a contract mortgage loan processor is to help a company process application paperwork and decide whether or not to offer approval. Someone in this role may collect additional information from the client, review each document and title request for accuracy, and otherwise support a lending company's sales process. A contract mortgage loan processor usually works with a company for a pre-set time period, though it is possible to transfer into a permanent role. Most mortgage processing work is available from late spring to early autumn or when an increase in house sales occurs.
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As a remote loan processor, your job is to work from home in a virtual office to review an application and other documents from a client. In this role, you may help decide whether to finance their loan, create a report, or talk with the client to get verification of specific pieces of information. Most remote loan processors specialize in specific areas, such as mortgages or retail lending. Aside from reviewing documents for completion, you also look for signs of fraud and help to safeguard lending institutions. Most remote loan processing takes place in a time-sensitive environment with often 24 hours or less for processing paperwork, so the ability to consistently multitask and prioritize your work is essential to success in this field.
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Entry-level mortgage loan processors work under the supervision of senior employees to review loan documents and move them forward to the next stage. In this role, you may cross-check the records to ensure the applicants submitted all the required paperwork, verify the data in the papers, and gather more information from the applicants when needed. Other job duties include checking the applicant's credit history, inputting loan information into the company system, and ensuring all documentation complies with company policy. Loan processors must communicate regularly with loan officers and lenders to complete the loan process. Once you have demonstrated proficiency in your responsibilities, you may move from an entry-level position to a less-supervised loan processor role.
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A loan processor reviews loan applications before sending them to the underwriter for approval. As a loan processor, your responsibilities and duties include organizing required documents and verifying the accuracy and completeness of the loan application. You work as the intermediary between the loan officer and the underwriter, so you will not usually have direct contact with the customer. A good loan processor has excellent data and organizational skills, which are needed to succeed in this career.
Salary range: $36,000 - $36,000
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