Loan Processor

Loan Processor – Onsite in – Irvine, CA – Remote option available Responsibilities

• Familiar with business purpose lending and familiar with documents such as entity agreements, feasibility reports, insurance declaration pages and title work
• Support the Production team by applying skills in the loan funding process.
• Provide excellent customer service and communication in a fast-paced environment while displaying the ability to multitask.
• Work cohesively with Underwriters, sales partners, and external customers.
• Responsible for all internal and external communication throughout the loan process and funding for each loan within your pipeline.
• Order third party vendor reports required per policies, procedures, and lending guidelines.
• Review and analyze all loan documents including appraisal, assets, personal and/or business financials, credit, background, escrow, purchase contract, construction/budget documents and preliminary title reports ensuring acceptance and adherence to company policies and procedures and product guidelines in a timely manner.
• Submit quality processed file to underwrite for initial review and/or clear to close decisions. Follow up on any outstanding loan conditions after initial underwriting decision.
• Takes initiative with a clear business mind providing problem-solving solutions with a collaborative approach with all parties associated with the loan, before, during and after closing.
• Escalate loan exceptions to management or Credit Committee for review and final decision outside of authority or as designated in the lending guidelines.
• Maintain an accurate active pipeline with knowledge of loan details.
• Upon Clear to Close prepare and deliver loan documents to escrow and/or closing agent for signing.
• Review executed loan documents prior to submitting for Pre-Fund QC review.
• Ensure prior to funding conditions have been met.
• Act as a team player with all internal and external customers.
• Adhere to established SLA’s.
• Maintain an average pipeline of 25+ loans & funds 20+ loans per month.

• Proven working experience in a loan processor role. At least 3 years’ experience in loan processing.
• Knowledge of mortgage terms, compliance disclosures, and standard credit documentation.
• Strong written and oral communication skills.
• Must be detail oriented. Proficiency with Encompass (preferred).
• Proficient in MS Office (Word, Excel, Outlook and PowerPoint).

Bachelor's degree preferred.

Hourly $33.65 - $36.06 + Bonus structure $50.00 Per file closure.

• Full-time
• Paid time off / Health insurance / Dental insurance / Vision / 401k plan