Commercial Loan Processor: Streamline & Guide Client Approvals

Crossroads Staffing

Los Angeles (CA)

On-site

USD 55,000 - 85,000

Full time

14 days+

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Job summary

Crossroads Staffing seeks a meticulous Commercial Loan Processor in Brentwood to serve as the liaison between clients and a financial institution. Responsibilities include evaluating clients, researching credit, and preparing loan packages while managing origination files.

The role requires hands-on experience with the loan lifecycle and proficiency with loan origination software (preferably The Mortgage Office).

Qualifications

1+ year of commercial loan experience.
Hands-on experience with the loan origination process.
Proficiency with loan origination software, preferably The Mortgage Office (TMO).

Responsibilities

Collect and prepare all necessary documentation for the loan package.
Research applicant credit status and current financial position.
Prepare and maintain all paperwork for existing and new loans, including loan disclosures.
Create repayment plans.
Complete loan contracts and ensure clients are kept informed of the rules and requirements.
Work with clients to establish their needs and recommend suitable types of loans.
Submit files to the designated Underwriter.
Conduct interviews to assess client eligibility for loans or mortgages.
Ensure compliance with established regulations and law requirements.
Follow up with clients to verify important information.
Perform other duties as assigned.