Remote Utah: Small Business Loan Processor — Fast Funding

Fundwell; Draper (UT); Hybrid; USD 40,000 - 60,000; Full time

Job summary

Rail Capital, a Utah-based lender delivering working capital to small businesses, seeks a Loan Processor to manage files from submission to funding. You will verify documents, clear conditions, prepare contracts, and ensure funding occurs the same day when possible, while maintaining accuracy and speed.

You will work in a small team with direct access to leadership, helping design and automate repeatable parts of the workflow and coordinating with brokers and merchants daily.

Qualifications

• Two to four years processing, closing, or funding small business loans, lines of credit, or merchant cash advances at a lender.
• Experience at Bluevine, OnDeck, or a comparable online small business lender is strongly preferred.
• Comfortable reading business bank statements to spot mismatches.
• Knowledge of business entity documents, UCC filings, and KYB checks.
• Extreme attention to detail; a wrong account number or missing signature is a real loss.
• Clear, quick communication with brokers and merchants by phone and email.
• Organized under volume; can manage thirty open files without losing one.

Responsibilities

• Intake new submissions from brokers and direct merchants: check the application, bank statements, and identification for completeness and chase what is missing.
• Package files for underwriting so the underwriter never waits on a document.
• Clear conditions to fund: voided check, proof of ownership, driver license, landlord or mortgage verification, tax returns, payoff letters, and any stipulation the underwriter sets.
• Verify what you are given: bank login verification, business entity and good standing checks, ownership match, OFAC screening, and identity checks.
• Spot altered statements, mismatched ownership, and other fraud signals and escalation before contracts go out.
• Prepare and send contracts for signature, review executed documents for errors, and correct them fast.
• Run the funding call with the merchant and confirm terms, payment amount, and payment schedule.
• File UCC financing statements and set up the payment schedule with the servicer or payment processor.
• Release the wire and confirm receipt. Send broker and merchant funding confirmations.
• Keep the system of record current on every file: status, conditions, notes, and documents.
• Coordinate payoffs and balance letters on renewals and consolidations.
• Work with the product and engineering team to automate the repeatable parts of the workflow.

Skills

Small business loan processing

High-volume funding

Attention to detail

Broker/merchant communication

High-volume file organization

Tools

Electronic signature tools

Salesforce

Bank verification tools

Job description

Rail Capital, a Utah-based lender delivering working capital to small businesses, seeks a Loan Processor to manage files from submission to funding. You will verify documents, clear conditions, prepare contracts, and ensure funding occurs the same day when possible, while maintaining accuracy and speed.

You will work in a small team with direct access to leadership, helping design and automate repeatable parts of the workflow and coordinating with brokers and merchants daily.