Loan Processor

Center Street Lending; Irvine (CA); On-site; USD 46,000 - 50,000; Full time

Benefits offered by this job

Paid time off

Health insurance

Dental insurance

Vision insurance

401k plan

Job summary

Center Street Lending is hiring a Loan Processor to support the Production team in Irvine, CA with onsite and remote options. You’ll handle loan funding tasks, communicate with underwriters and partners, review documents, and maintain an active pipeline of 25+ loans monthly.

A minimum 3 years’ loan processing experience and mortgage knowledge are required; Bachelor’s degree preferred. The role offers hourly compensation of $33.65–$36.06 plus a per-file closure bonus, full-time benefits including

Qualifications

• Proven working experience in a loan processor role.
• At least 3 years’ experience in loan processing.
• Knowledge of mortgage terms, compliance disclosures, and standard credit documentation
• Strong written and oral communication skills.
• Detail oriented; Proficiency with Encompass (preferred)
• Proficient in MS Office (Word, Excel, Outlook and PowerPoint)

Responsibilities

• Support the Production team by applying loan funding process skills.
• Provide excellent customer service and communication in a fast-paced environment.
• Collaborate with Underwriters, sales partners, and external customers.
• Manage internal and external communication throughout the loan process and funding.
• Order third party vendor reports per policies, procedures, and lending guidelines.
• Review and analyze loan documents ensuring adherence to policies and product guidelines.
• Submit quality processed file to underwrite for initial review and/or clear to close decisions.
• Follow up on any outstanding loan conditions after initial underwriting decision.
• Take initiative with a clear business mind providing problem-solving solutions with a collaborative approach.
• Escalate loan exceptions to management or Credit Committee for review and final decision.
• Maintain an accurate active pipeline with knowledge of loan details.
• Deliver loan documents to escrow/closing agent for signing.
• Review executed loan documents prior to Pre-Fund QC review.
• Ensure funding conditions have been met.
• Maintain an average pipeline of 25+ loans & funds 20+ loans per month.

Skills

Loan processing

Mortgage knowledge

Communication skills

Detail oriented

Encompass (preferred)

MS Office

Education

Bachelor's degree preferred

Tools

Encompass

MS Office

Job description

Loan Processor - Either Onsite in – Irvine, CA – Remote option available

Center Street Lending is one of the largest lenders for residential transition (fix/flip) and ground up loans for residential investors. Since its founding in 2010, Center Street has originated over $7.5 billion of fix/flip, ground-up, bridge and multi-family loans across 40 states. Center Street Lending provides expert guidance, fast approvals, speedy funding, and personalized in-house service that helps it retain one of the highest customer satisfaction ratings in the industry with 4.8/5.0 google stars. We provide tailored financial solutions designed to meet the unique needs of real estate developers and residential investors.

Center Street Lending is proud to be a registered “Great Place to Work”, listed on the 2025 #Inc 5000 list of fastest growing companies and featured in Scotsman Guide’s Top Lenders publication since 2023.

Website: www.centerstreetlending.com

Duties & Responsibilities:

• Familiar with business purpose lending and familiar with documents such as entity agreements, feasibility reports, insurance declaration pages and title work
• As Loan Processor, you will support the Production team by applying your skills in the loan funding process. Some responsibilities include:
• Provides excellent customer service and communication in a fast-paced environment while displaying the ability to multitask.
• Work cohesively with Underwriters, sales partners, and external customers.
• Responsible for all internal and external communication throughout the loan process and funding for each loan within your pipeline.
• Orders third party vendor reports required per policies, procedures, and lending guidelines.
• Reviews and analyzes all loan documents including appraisal, assets, personal and/or business financials, credit, background, escrow, purchase contract, construction/budget documents and preliminary title reports ensuring acceptance and adheres to company policies and procedures and product guidelines in a timely manner.
• Submits quality processed file to underwrite for initial review and/or clear to close decisions. Follows up on any outstanding loan conditions after initial underwriting decision.
• Takes initiative with a clear business mind providing problem-solving solutions with a collaborative approach with all parties associated with the loan, before, during and after closing.
• Escalates loan exceptions to management or Credit Committee for review and final decision outside of authority or as designated in the lending guidelines.
• Maintains an accurate active pipeline with knowledge of loan details.
• Upon Clear to Close prepares and delivers loan documents to escrow and/or closing agent for signing.
• Reviews executed loan documents prior to submitting for Pre-Fund QC review.
• Ensures prior to funding conditions have been met.
• Acts as a Team Player with all internal and external customers.
• Adheres to established SLA’s.
• Maintains an average pipeline of 25+ loans & funds 20+ loans per month.

Qualifications:

• Proven working experience in a loan processor role. At least 3 years’ experience in loan processing.
• Knowledge of mortgage terms, compliance disclosures, and standard credit documentation
• Strong written and oral communication skills.
• Must be detail oriented. / Proficiency with Encompass (preferred)
• Proficient in MS Office (Word, Excel, Outlook and PowerPoint, Outlook, etc.)

Education:

Bachelor's degree preferred.

Compensation:

Hourly $33.65 - $36.06 + Bonus structure $50.00 Per file closure

• Full-time
• Paid time off/Health insurance/Dental insurance/Vision/401k plan