Loan Processor - Consumer

Description

The Loan Processor - Consumer is responsible and accountable for providing high quality service to our external and internal customers by following procedures and regulatory guidelines, giving special attention to communication, compliance, loan quality and timing.

RESPONSIBILITIES

• Manage a high-volume loan pipeline
• Prepare "Needs List" upon review of the loan terms and relevant information received
• Create a positive customer experience by effectively communicating needs list, timelines and funding requirements
• Gather the necessary paperwork and documentation required to make a complete loan file
• Review all loan documentation to ensure completion and, accuracy, and verify compliance with company policies and procedures.
• Adhere to all regulatory requirements
• Request and / or run reports from third party agencies and conduct thorough review of all information to identify potential risks (i.e. credit, OFAC, Westlaw, UCC search, Flood Determination Certificate, Tax Verification)
• Escalate issues which may impact loan funding or perfected collateral position
• Effectively communicate with external and internal customers relative to loan process to meet deadlines
• Maintain and update banks internal loan processing system which includes data fields, transactional documentation and notes
• Submit complete loan files for underwriting
• Upon receipt of loan approval, request loan documents, review loan documents for accuracy and coordinate signing
• Prepare loan file for closing and coordinate with all necessary parties involved for funding
• Provide closed loan file to be imaged and index to the banks electronic file system
• Create ticklers for Post-Closing items, follow for receipt (i.e. final title policy(ies) and recorded documents)
• Review final title policy(ies)
• Ensure on-going Bank compliance with Equal Credit Opportunity Act by monitoring for timely credit decisions and preparing all Consumer Adverse Action Notices (ECOA / Reg. B)

QUALIFICATIONS

A reasonable, good faith estimate of the minimum and maximum base salary or pay for this position is $23.41 to $32.19. Actual compensation will vary based on various factors including but not limited to location, experience, and performance. A discretionary bonus and / or business line incentive may be provided, in addition to a medical and other benefits, dependent on the position. For more information regarding our benefits, please visit

CA (Los Angeles applicants) : Applicants are notified that the Company is an insured depository institution subject to the restrictions and requirements of Section 19 of the Federal Deposit Insurance Act (12 CFR 303) ("Section 19"). In accordance with Section 19, the Company will consider an applicant's criminal history after an applicant is made a conditional offer of employment. Qualified applicants with criminal conviction records will be considered for employment in accordance with the Los Angeles Fair Chance Ordinance. Section 19 may prohibit the Company from employing an applicant with criminal conviction(s) for fraud, breach of trust, embezzlement, mishandling of money or any crime of violence may have a direct impact on the job duties as set forth in the job description and such convictions may result in withdrawal of a conditional offer of employment in accordance with the Los Angeles Fair Chance Ordinance. Because of the nature of our business, a review of your criminal history is necessary to comply with Section 19 and to avoid substantial risk to our business operations and licensing.

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Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Salary : $23 - $32