Loan Processor

Royal Business Bank; Los Angeles (CA); On-site; USD 45,000 - 65,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Disability insurance

Job summary

Royal Business Bank in Los Angeles is seeking a Mortgage Loan Processor to route files through processing systems, gather information for approval, and ensure compliance with BSA regulations.

You will communicate with borrowers, underwriters and loan officers, verify documentation, review files for completeness, and maintain a timely, compliant loan pipeline through closing.

Qualifications

• High school diploma or equivalent required; AA degree preferred.
• 1-2 years of current mortgage loan processing experience.

Responsibilities

• Communicate with borrowers, underwriters and loan officers to assemble file for underwriting.
• Ensure all documentation necessary to obtain loan approval is received, reviewed and updated.
• Review all files for completeness and accuracy prior to loan submission.
• Review items needed on conditional approval.
• Obtain and verify all underwriting and funding conditions.
• Submit loan for final approval to underwriting.
• Maintain a pipeline of loans and ensure timely, compliant flow until closing.
• Perform other duties as assigned.

Skills

Verbal & written communication

Time management

Loan guideline knowledge (FNMA,FHLMC,3

Education

High school diploma or equivalent

AA degree preferred

Job description

Responsible for routing mortgage loan files through internal processing systems and obtain information needed to assist in completing a file for approval and closing; Complies with all regulations which apply within the scope of the position, including Bank Secrecy Act.

DUTIES

• Communicate with borrowers, underwriters and loan officers to assemble file for underwriting;
• Ensure that all of the documentation necessary to obtain loan approval has been received, reviewed and updated;
• Review all files for completeness and accuracy prior to loan submission;
• Review items needed on conditional approval;
• Obtain and verify all underwriting and funding conditions;
• Submit loan for final approval to underwriting;
• Maintain a pipeline of loans and is responsible for the timely and compliant flow of loans until closing;
• Perform other duties as assigned.

QUALIFICATIONS

• EDUCATION: High school diploma or equivalent; AA degree preferred
• EXPERIENCE: Minimum 1-2 years of current mortgage loan processing experience

SKILLS/ABILITES

• Effective verbal and written communication skills
• Excellent time management and organizational skills
• Knowledge of FNMA, FHLMC, VA and FHA guidelines

Applicants must be authorized to work in the United States without the need for visa sponsorship now or in the future.

WHY WORK FOR US?

Since opening our first branch in Los Angeles in 2008, Royal Business Bank (RBB) has grown rapidly by adding branches in Southern California, Nevada, New York, New Jersey, Chicago, and Hawaii. We offer a comprehensive and innovative suite of banking services for individuals and businesses. We have great benefits that include, but not limited to:

• Medical insurance
• Vision insurance
• 401(k)
• Disability insurance

Royal Business Bank is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.