Senior Loan Processor

Job Title

Senior Loan Processor

Lit Financial

Location: Troy, MI
Position Type: Full Time
Reports To: Director of Operations

Lit Financial is on a mission to be the most client focused mortgage company in the industry. As of 2025, Lit Financial has earned a perfect 5-star review with the Better Business Bureau and a 4.9 rating with hundreds of reviews from Google by delivering a world class experience. Lit Financial is a dynamic organization built with go-getters who are passionate, hardworking, and honest which fuels an incredible environment.

As a Senior Loan Processor, you will manage a high-volume loan pipeline from submission through clear to close with minimal supervision. You will act as a subject matter expert and resource to junior processors, ensuring accuracy, compliance, and client satisfaction. This role requires deep knowledge of mortgage guidelines and strong communication with internal and external partners.

• Independent processing and management of a pipeline of complex Conventional, FHA, and VA loans.
• Analyze and verify all loan documentation for accuracy and compliance.
• Review and satisfy underwriting conditions and communicate requirements clearly to clients.
• Coordinate effectively with loan officers, underwriters, and closers to ensure timely closings.
• Maintain compliance with TRID, RESPA, and company guidelines.
• Mentor and support junior processors, providing guidance and training as needed.
• Identify process improvements and contribute to team efficiency initiatives.

• 1–2 years of mortgage loan processing experience (Conventional preferred; FHA/VA a plus).
• Deep understanding of mortgage lending regulations, TRID, DU/LP, and investor requirements.
• Advanced proficiency in LOS systems (Lending Pad, Encompass, or equivalent).
• Exceptional organizational and communication skills with the ability to prioritize under pressure.
• Strong problem-solving abilities and a proactive approach to issue resolution.
• High school diploma or equivalent (college degree preferred).

• Competitive salary and performance-based bonuses
• Health, dental, and vision insurance
• 401(k)
• Paid time off and holidays
• Supportive and collaborative team environment
• Career growth opportunities within Lit Financial