Loan Processor

Loan Clerk / Loan Processor – California, Los Angeles

• Obtain required loan documentation and process less complex loan applications.
• Order credit verifications and third-party services.
• Track receipt of and review legal documents.
• Set up and monitor loan and financial ticklers to ensure accuracy and timeliness of receipt of documents.
• Verify loan files and supporting documents for accuracy and completeness.
• Follow up on missing documentation.
• Prepare and compile documents for review and approval.
• Prepare or review for accuracy, disclosures required by relevant consumer regulations.
• Schedule or coordinate loan closings and clear for disbursement of proceeds.
• Prepare compliance and accounting records and reports, as required by management and regulatory agencies.
• Perform basic loan calculations.
• Assist customers with basic inquiries or problems.
• Perform pre-closing/post-closing/due diligence review of legal agreements and other closing documents to terms of loan commitment.
• Monitor existing loans and maintain files with sufficient documentation for third-party review and prepare files for timely audits.
• Prepare client communications on loan terms.
• Maintain currency in loan processing policies and procedures.
• Review property and liability insurance to ensure compliance with bank policy and procedure.
• Independently prepare data input sheets and provide required information for loans to be boarded on the bank's servicing system and ensure all loan coding is correct.
• Work with attorneys and other financial or legal resources to obtain the correct, accurate documents to fully protect the financial institution's interests in the credit relationship.
• Perform other duties and responsibilities as assigned.

• Basic concepts, practices, and procedures of commercial and retail loan processing.
• Basic principles of banking and finance.
• Financial markets and products.
• Compliance with all state and federal regulations.

• Processing less complex loan applications.
• Document preparation for retail and/or commercial loans.
• Verifying information for accuracy and completeness.
• Preparing loan approval and/or closing packages.
• Preparing records and reports.
• Performing basic calculations.
• Basic analytical and problem-solving skills.
• Operating standard office equipment and using required software applications.

• Read, interpret, analyze, and apply information from loan application documents.
• Interpret and apply policies.
• Organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment.
• Communicate effectively, both orally and in writing.
• Work independently as well as collaboratively within a team environment.
• Handle stressful situations and provide a high level of customer service in a calm and professional manner.
• Establish and maintain effective working relationships.
• Maintain currency in loan processing policies and procedures.