Loan Processor: Streamlined Closings & Compliance

Phaxis; Los Angeles (CA); On-site; USD 40,000 - 60,000; Full time

Job summary

A financial services company based in California is seeking a Loan Clerk / Loan Processor. The role involves processing loan applications, verifying accuracy of documents, and maintaining compliance with relevant regulations. Ideal candidates should possess strong document preparation skills and an understanding of commercial and retail loan processing practices. This position requires effective communication abilities and the capability to manage multiple tasks in a fast-paced environment.

Qualifications

• Knowledge of basic concepts, practices, and procedures of commercial and retail loan processing.
• Understanding of compliance with all state and federal regulations.
• Ability to read, interpret, analyze, and apply information from loan application documents.

Responsibilities

• Obtain required loan documentation and process less complex loan applications.
• Order credit verifications and third-party services.
• Verify loan files and supporting documents for accuracy and completeness.

Skills

Processing less complex loan applications

Document preparation for retail and/or commercial loans

Verifying information for accuracy and completeness

Preparing loan approval and/or closing packages

Preparing records and reports

Performing basic calculations

Basic analytical and problem-solving skills

Operating standard office equipment and using required software applications

Job description

A financial services company based in California is seeking a Loan Clerk / Loan Processor. The role involves processing loan applications, verifying accuracy of documents, and maintaining compliance with relevant regulations. Ideal candidates should possess strong document preparation skills and an understanding of commercial and retail loan processing practices. This position requires effective communication abilities and the capability to manage multiple tasks in a fast-paced environment.