Job Description

Junior Loan Processor (File Setup)

Factoria, WA (Hybrid)

Bring your mortgage operations expertise to a high-performing residential lending team that values precision, speed, and an exceptional borrower experience.

Our client is a well-capitalized private real estate lender with over $350 million in capital and a collaborative, high-energy team. The firm specializes in financing residential builders and developers, with additional business lines in mortgage brokerage and real estate development.

They are looking for a Junior Loan Processor to lead the critical front-end phase of the loan lifecycle—managing documentation collection, coordinating third-party services, and preparing files for efficient underwriting review. This role requires keen attention to detail, strong regulatory knowledge, and the ability to manage multiple priorities while keeping loans on track and stakeholders informed. This role comes with a lucrative bonus for each file!

Junior Loan Processor Responsibilities:

• Lead the early stages of the mortgage process, coordinating the collection and submission of all necessary documents and services to support loan approval.
• Evaluate loan applications to determine what paperwork and services are required according to lender standards and loan type.
• Reach out to clients to gather critical information, including income statements, asset records, and property details.
• Partner with external vendors to arrange appraisals, title searches, flood certifications, and other essential services within established deadlines.
• Verify that all documentation and orders are accurate, complete, and meet regulatory and company requirements.
• Work closely with underwriters, loan processors, and internal teams to resolve outstanding items and help move loans toward approval efficiently.
• Provide regular updates to clients and stakeholders regarding the status of their applications and any additional information needed.
• Continuously monitor changes in mortgage regulations, lender policies, and industry practices to ensure compliance and improve workflow efficiency.

Junior Loan Processor Qualifications:

• At least 2 years of experience in mortgage lending, loan processing, or related operations
• Working knowledge of residential mortgage documentation and disclosure requirements
• Understanding of mortgage regulations, including RESPA, TILA, and TRID
• Experience with Encompass and familiarity with CRM systems
• Strong organizational skills with the ability to manage multiple active files
• Clear written and verbal communication skills

Company Benefits:

• Medical, Dental, and Vision
• 401k with a 3% match
• Employee home loan program

Compensation: $55,000 + per file bonus!