Loan Processor Jobs {{mpg_city}}: A Hiring Guide

How are Australian business leaders addressing the shortage of Loan Processors?

As the battle for top Loan Processors heats up, Australian companies are going all out to attract and retain the best talent around. 

With the current talent shortage squeezing the market, businesses are upping the ante by boosting salaries by around 16% and offering sweet perks like flexible work arrangements. Companies are also focusing on building a high achieving team to attract and retain top talent. 

In a bid to stay competitive, many firms are turning to outsourcing. It’s a smart move that’s not only cost-effective but also opens doors to a global pool of finance experts. 

If you’re thinking about outsourcing, it’s really important to pick a provider that’s dedicated to ethical practices, a positive work environment, and community support. And don’t skimp on data security. 

Make sure your provider has rock-solid endpoint security, holds ISO certifications, and has robust Business Continuity Plans (BCP). This way, you can be confident that your data and operations are in safe hands.

When you’re on the lookout for a stellar Loan Processor in {{mpg_city}}, you really want someone with a wide range of skills, such as: 

• Loan processing: They should be able to handle every stage of the loan process, from when the application comes in to when the deal closes. 
• Credit review: Being able to review and update credit files to make sure they align with lending standards and policies is a must. 
• Loan verification: It’s crucial they can verify all loan application details, check documentation accuracy, and ensure everything matches up with the regulations. 
• Underwriting support: They should be capable of helping out underwriters by readying loan files, assessing risks, and providing thorough analyses. 
• Loan origination: Experience with starting and processing new loan applications is key, including knowing the ins and outs of different loan products to best suit the customers. 
• Credit analysis: They need solid analytical skills to look at borrowers’ credit histories, financial statements, and other important details to figure out if they qualify. 
• Tools & software: Familiarity with programs like Encompass, Microsoft Office, Calyx Point, Mortgage Builder, LendingPad, and BytePro is essential. 
• Interpersonal skills: Effective communication with clients, colleagues, and other stakeholders is crucial for managing expectations and resolving conflicts. 
• Strong communication: Essential for liaising with various parties involved in the loan application process, ensuring a smooth application process.