Loan Processor Jobs in Alabama
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2 Jobs
Has an inherent duty and responsibility to follow all policies and procedures regarding loan documentation....
lending Desired Qualifications Bachelor's degree in relevant field preferred or equivalent experience in mortgage lending Three years' experience in residential mortgage loan processing and/or closing...
Demographic Data for Alabama
Moving to Alabama? Find some basic demographic data about Alabama below.
Local
National
5,024,216
102,749
Loan Processor Online Courses and Training Opportunities
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Loan Processing
Processing a loan can be a complex endeavor. The most common loans offered by mortgage lenders include conventional conforming, conventional nonconforming, FHA, VA, and subprime loans. For most...
Loan Processing: The Decision
So far, in our series on loan processing, we've covered taking the application, verifying that data, compliance regulations, and underwriting the loan. For the final step, we're going to talk...
Loan Processing: Verification
The second step of loan processing is verification. After the loan application is completed, it's turned over to the loan processor. They obtain the necessary information from the applicant and...
Salary for Loan Processor Jobs in Alabama
Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHire research efforts.
Highest Education Level
Loan Processors in Alabama offer the following education background
Bachelor's Degree
35.6%
High School or GED
23.0%
Associate's Degree
14.8%
Vocational Degree or Certification
11.8%
Master's Degree
11.0%
Some College
2.4%
Doctorate Degree
0.9%
Some High School
0.5%
Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Processors in Alabama
2-4 years
30.6%
Less than 1 year
23.9%
6-8 years
13.6%
None
12.9%
4-6 years
12.3%
1-2 years
6.7%
Qualifications / Skill Sets
The following top skills are often required or desired to land a Loan Processor position
- Federal National Morgage Association
- FHLMC
- Freddie Mac
- Conventional Loans
- Fannie Mae
- Loan Review
- Loan Documentation
- Mortgage Lending
- Commercial Lending
- Consumer Lending
- Federal Housing Administration
- Loan Origination
- BSA
- Loan Servicing
- Nationwide Mortgage Licensing System & Registry
- USDA
- Encompass
- Lending
- Underwriting
- Mortgage Processing
- Reconciliations
- Loan Processing
- Payment Processing
- Appraisal
- Financial Services
- General Ledger
- Problem Resolution
- Real Estate
- Closing
- Finance
- High School Diploma
- Accounting
- Written Communication
- Prioritizing
- Verbal Communication
- Microsoft Outlook
- Documentation
- Data Entry
- Reporting
- Filing
- Employee Development
- Regulations
- Multitasking
- Policy Development
- Problem Solving
- Microsoft Office
- Microsoft Excel
- Time Management
- Research Skills
- Microsoft Word
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Communication Skills
- Mortgage Underwriting
- VA Loans
- Tila Respa Integrated Disclosures
In-Demand skills () are the most popular among employers according to the current jobs in our database. Last updated today!
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