Loan Processing Specialist

1 week ago


Chennai, Tamil Nadu, India Mphasis Full time
About the Role

We are seeking a highly skilled Loan Processing Specialist to join our team. As a key member of our operations team, you will play a crucial role in ensuring the smooth processing and closing of loans.

Job Description

The primary responsibility of this role is to coordinate all aspects involved in completing the loan closing process. This includes maintaining good communication with clients, borrowers, internal staff, and other associated agencies to facilitate all closing needs within committed time frames.

You will be responsible for preparing, reviewing, and generating closing documents according to client specifications, ensuring all compliance requirements are met. Additionally, you will review and approve Final HUDs, resolve closing issues, make system changes, and expedite corrected documents to facilitate scheduled closings.

Your attention to detail and organizational skills will ensure that all closing needs are met within committed time frames. You will also provide excellent customer service to internal and external clients, ensuring customer satisfaction surveys maintain the rating level designated by management.

Requirements

To be successful in this role, you will need:

  • At least 2 years of experience in loan closing dealing with high volume closing
  • Knowledge of HARP and Conventional loan closing documentation requirements
  • Knowledge of most recent HUD/RESPA/GFE Compliance
  • Proficient in review of title commitments, validating closing conditions, reviewing/balancing HUD Statements, and all aspects of closing document preparation
  • Maintain the highest standard of detail
  • Good computer knowledge-paperless environment
  • Excellent customer service and communication skills
  • Availability to work outside of normal business hours when necessary
Salary and Benefits

The estimated salary range for this position is $60,000 - $80,000 per year, depending on experience. In addition to competitive pay, we offer a comprehensive benefits package, including medical, dental, and vision insurance, 401(k) matching, and paid time off.



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