Job Details
Job Title: Entry-Level Loan Processor
Location: Beltsville, MD
Salary: $55,000 - $60,000 per year
Are you a recent college graduate looking to kickstart your career in the financial industry? Do you have a keen eye for detail and a passion for helping individuals achieve their financial goals? If so, we have an exciting opportunity for you to join our team as an Entry-Level Loan Processor in Beltsville, MD.
Responsibilities:
Assist in processing loan applications from start to finish.
Review and verify loan documents for accuracy and completeness.
Communicate with borrowers, underwriters, and loan officers to gather necessary information and resolve any discrepancies.
Ensure compliance with regulatory requirements and company policies throughout the loan process.
Maintain organized and up-to-date records of all loan transactions.
Provide excellent customer service and support to clients throughout the loan application process.
Requirements:
Bachelor's degree in finance, business administration, or a related field.
Strong attention to detail and analytical skills.
Excellent communication and interpersonal abilities.
Ability to prioritize tasks and meet deadlines in a fast-paced environment.
Proficiency with Microsoft Office Suite and loan processing software (training will be provided).
Previous internship or work experience in the financial industry is a plus but not required.
Benefits:
Competitive starting salary with opportunities for advancement.
Comprehensive benefits package including health insurance, dental, and vision coverage.
401(k) retirement savings plan with employer match.
Paid time off and holidays.
Ongoing training and professional development opportunities.
Supportive and collaborative work environment with opportunities for growth and career advancement.
Career Trajectory:
Loan officers: expected to make 165k.
1. They are paid $1,450 per loan closed.
Operations Route:
1. Move from processor into a manager role at 80k (3-5 direct reports)
2. Then can move into a Operations Manager making 100-110k plus a 20% bonus
$50,000 - $60,000 a year