Loan Processor

Palo Alto, California, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, LendingIndustries

Requirements

Candidates must have at least 2 years of retail mortgage processing experience and a strong working knowledge of state-specific licensing and registration requirements, including NMLS. A deep understanding of mortgage loan products, underwriting guidelines, and federal and state regulations such as TRID and HMDA is essential. Excellent organizational skills, the ability to meet deadlines in a fast-paced environment, and strong communication skills are also required. Knowledge of Conventional Conforming and Jumbo guidelines is necessary, and the company will sponsor a Mortgage Loan Originator License for the right candidate.

Responsibilities

The mortgage loan processor will review loan files, gather necessary documentation for final loan approval, and act as a liaison between operational and sales departments. Responsibilities include ordering supporting documentation, evaluating loan applications for reasonableness, and escalating files when needed. The role involves prioritizing workload to ensure excellent client experience, communicating with third-party vendors to finalize applications, and ensuring adherence to investor and regulatory guidelines. The processor will proactively maintain the loan pipeline, tasks, and objectives, while adopting company values and contributing to a positive work environment.

Skills

Mortgage loan processing

Loan file review

Client communication

Third-party vendor communication

NMLS

TRID

HMDA

Mortgage loan products

Underwriting guidelines

Organizational skills

Deadline management

Wealthfront

Automated investment and wealth management services

About Wealthfront

Wealthfront provides financial services aimed at helping individuals grow their wealth through a digital platform. Its main offering is an automated investment platform that utilizes robo-advisors—algorithms that manage and invest client funds for long-term growth. This service is complemented by a high-yield cash account that offers a competitive 5.00% APY for short-term savings, provided through partner banks. Additionally, Wealthfront offers a diversified bond portfolio, allowing clients to earn dividends with tax advantages, and a platform for discovering and purchasing stocks to facilitate quick and strategic investment decisions. Unlike many traditional wealth management firms, Wealthfront focuses on automation and ease of use, making financial services accessible to a broader audience. The company's goal is to simplify wealth management and help clients maximize their financial potential.

Palo Alto, CaliforniaHeadquarters

2011Year Founded

$198.9MTotal Funding

SERIES_ECompany Stage

Fintech, Financial ServicesIndustries

201-500Employees

Benefits

Free lunches, snacks, coffee

Receive 1:1 mentorship

Caltrain pass, an additional transportation stipend, and relocation bonuses

Monthly wellness reimbursement

Discretionary time off policy and offer 16 weeks of paid parental leave

Comprehensive medical, dental and vision coverage

Risks

Increased competition from robo-advisors and traditional institutions may erode market share.

Free wire transfers could increase operational costs without boosting revenue.

Expansion into stock trading faces competition from established platforms like Robinhood.

Differentiation

Wealthfront offers a high-yield cash account with industry-leading 5.00% APY.

The company provides a diversified bond portfolio with tax advantages and no maturity dates.

Wealthfront's automated investment platform uses award-winning algorithms for long-term wealth growth.

Upsides

Wealthfront's cash account now offers up to $8 million in FDIC insurance.

The company has reached $50 billion in client assets, indicating strong growth.

Increased demand for AI-driven financial advice aligns with Wealthfront's robo-advisor services.

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