Loan Processor

Company Description

Redemption Bank is the first Black-led national digital bank, focused on expanding equitable access to modern financial services. The bank offers fully digital accounts that enable customers to manage their finances securely and conveniently from anywhere. With an emphasis on innovation and inclusion, Redemption Bank is building products that serve diverse communities and support long-term financial wellness. Team members join a mission-driven organization that values integrity, transparency, and customer-centric solutions.

The Loan Processor role at Redemption Bank is a full-time, on-site position based in the Salt Lake City Metropolitan Area. This role is responsible for collecting, reviewing, and organizing loan application documentation to ensure completeness and accuracy. The Loan Processor will communicate regularly with applicants, loan officers, and underwriters to clarify information, resolve discrepancies, and move files efficiently through the approval process.

Daily tasks include verifying applicant data, preparing and updating loan files, checking compliance with bank policies and regulatory requirements, and coordinating closing documentation. The role also involves monitoring loan pipelines, meeting turnaround time expectations, and supporting a positive borrower experience.

• Candidates should possess skills related to loan processing, including experience with Loans and Loan Processing.
• Candidates should possess skills in managing loan documentation, including handling and reviewing Loan Documents.
• Candidates should possess strong Communication skills for interacting with applicants, loan officers, and underwriting teams.
• Candidates should possess familiarity with Underwriting processes and requirements.
• Attention to detail and accuracy in data entry and document review.
• Knowledge of banking regulations and consumer lending practices is beneficial.
• Experience with loan origination systems and digital banking platforms is an advantage.
• High school diploma or equivalent required; an associate or bachelor’s degree in finance, business, or a related field is preferred.