ob title : Loan Processor 2
Location : 100% Remote, Virtual location, City of Industry, CA
Duration : 6+ months Strong Possibility of Extension or Conversion
Job Description
client is seeking a Loan Processor to ensure timely, complete, and accurate packaging of all loans originated by loan officers.
Job Responsibilities:
*Reviews and understands credit approval and approval conditions to determine documentation requirements.
*Reviews supporting documentation to determine entity's ability to enter into loan agreement and pledge collateral, required authorized signers and if the property is located in a flood plain.
*Works with third party vendors to obtain needed documentation i.e. title, environmental, appraisals, etc.
*Work with loan officer and/or customer to obtain customer information required by banking regulations and bank policy and/or procedure.
*Accurately request or prepares closing documentation needed for the specific loan type, structure and collateral being taken.
*Calculates final payoffs and compiles accurate disbursement information to ensure the bank collects all required fees and the loan is funded correctly.
*Files incoming items in the electronic credit file and is responsible for a complete electronic file for examination purposes.
*Reviews documentation prepared by government agencies or attorneys to ensure they were prepared per the credit approval.
*Ensures collateral is perfected and clears all post-funding tickler items. *Follows for debenture for 504 loans.
*Prepares required forms to complete the process and negotiates and required modifications with the CDC/SBA. *Receives questions and assists branch personnel and sales representatives regarding loan documentation (i.e. verbiage, titling, disbursements,etc). *Interfaces with sales representatives, outside lending partners, DMV offices and/or title/doc service companies.
*Provides additional support to other areas of DCL Operations as required. *Performs other duties as assigned.
Skills:
*Basic knowledge in lending and the real estate industry.
*Excellent written and verbal communication.
*Strong attention to detail.
*Ability to handle multiple tasks with frequent interruptions.
*Knowledge of basic accounting processes and procedures.
*Basic computer skills including Microsoft Office. Education/Experience: *High school diploma or GED required.
*Bachelor's degree in business or related field preferred. *2-4 years experience
Additional Job Details:
• Provides analytical support in executing internal control discipline and operational excellence
• Gathers and organizes data in order to monitor and test the effectiveness of key controls and status of mitigation and action plans
• Prepares documentation for the tracking, monitoring, and escalation of risk related issues to management
• Acts as an ambassador of the risk culture
