Business Purpose Loans Processor

Ascent Developer Solutions

Los Angeles (CA)

On-site

USD 60,000 - 80,000

Full time

14 days+

Get more replies from employers

Send a job-specific resume in minutes.

Benefits offered by this job

Comprehensive benefits package

401(k) plan available

Flexible spending accounts

Health and vision coverage

Job summary

Ascent Developer Solutions is seeking a Loan Processor to ensure timely and compliant loan processing. This full-time role involves collaboration with team members and documentation management, requiring strong attention to detail and experience in financial services. The position offers a competitive hourly rate and the opportunity for bonuses, contributing to a supportive work environment in real estate finance.

Qualifications

Experience in residential construction and commercial CRE operations.
Strong communication skills and attention to detail.
Familiarity with loan underwriting and operational risk.

Responsibilities

Update loan data in the Loan Origination System for accuracy.
Manage loan pipeline to ensure compliance with internal standards.
Facilitate interactions between applicants, loan officers, and underwriters.

Skills

Attention to detail

Interpersonal skills

Written communication

Loan processing workflows

Education

Experience in Residential Construction or loan processing

Tools

Loan Origination System (LOS)

Financial software tools

Job description

2 days ago Be among the first 25 applicants

Get AI-powered advice on this job and more exclusive features.

Ascent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Ascent is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies.

The Role

The Loan Processor plays an important role in ensuring loans are processed in a timely, compliant, and accurate manner. The Loan Processor works closely with Ascent team members, loan originators, sponsors, borrowers, and third-party vendors to guide contracts and loans from the application stage through to closing, and funding. The ideal candidate is collaborative, highly communicative, and has a strong desire to learn and grow professionally.

The Work

Update loan data and documentation in our Loan Origination System (LOS) to ensure timely, accurate and detailed records.
Manage loan pipeline for both efficiency and compliance to internal standards and/or SLA.
Obtain, review, and organize files necessary for borrower entity, property, and loan documentation, including, but not limited to entity documentation, sponsor financial statements, construction budgets, plans and permits.
Order, review and organize third-party documentation, including property profiles, title insurance, credit reports, tax transcripts, credit supplements, property questionnaires, subordination requests, and title work.
Facilitate and support interactions between Sponsor applicants, loan officers, agents, and underwriters toward a timely approval, closing and funding.
Recommend and implement best practices as part of Ascent"s dedication to creating an industry-leading customer experience.

Your Skills and Experience

Experience in both Residential Construction and commercial CRE operations, risk assessment and QC, preferably in a financial services or lending institution.
Familiarity with business purpose and/or construction loan underwriting.
Good knowledge of operational risk and loan processing workflows.
Exceptional attention to detail and adherence to internal standards.
Strong interpersonal and written communication skills.
Proficiency in financial software tools, including standard LOS and servicing platforms.

The Pay

Hourly rate for this position is $28.85 - $36.06 with an additional per-loan bonus.

The Work Environment

This role works on-site from Ascent"s Encino office, Monday - Thursday (Fridays are work-from-home).
Full-time, 40 hours per week; must be available for occasional overtime.
Some nights and weekends required.

Ascent's Benefits

We offer a comprehensive benefits package designed to support your health, well-being, and work-life balance. Our benefits include five health plans, two dental plans, health savings and flexible spending accounts, vision coverage, a 401(k) plan, and other optional benefits to choose from.

Ascent's Pledge

We pledge to be fair and considerate in hiring and promoting individuals, ensuring everyone can contribute their fullest potential regardless of background, identity, or personal circumstances. By promoting equal opportunity, we not only enhance our workplace but also contribute to a more just and equitable society. At Ascent, we stand united in building a community where everyone is empowered to succeed. Thank you for joining us on our journey towards a more inclusive future.

Seniority level