Loan Processor

  • location: San Francisco, CA
  • type: Contract
  • salary: $23 - $26.12 per hour
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job description

Loan Processor - San Francisco, CA

  • This is a contract role expected to last 6 months.

Loan Processor - Job Duties:

  • Reviews supporting documentation to determine entity?s ability to enter into loan agreement and pledge collateral, required authorized signers and if the property is located in a flood plain.
  • Works with third party vendors to obtain needed documentation i.e. title, environmental, appraisals, etc.
  • Work with loan officer and/or customer to obtain customer information required by banking regulations and bank policy and/or procedure.
  • Accurately request or prepares closing documentation needed for the specific loan type, structure and collateral being taken.
  • Calculates final payoffs and compiles accurate disbursement information to ensure the bank collects all required fees and the loan is funded correctly.
  • Files incoming items in the electronic credit file and is responsible for a complete electronic file for examination purposes.
  • Reviews documentation prepared by government agencies or attorneys to ensure they were prepared per the credit approval.
  • Ensures collateral is perfected and clears all post-funding tickler items.
  • Follows for debenture for 504 loans. Prepares required forms to complete the process and negotiates and required modifications with the CDC/SBA.
  • Receives questions and assists branch personnel and sales representatives regarding loan documentation (i.e. verbiage, titling, disbursements,etc).
  • Interfaces with sales representatives, outside lending partners, DMV offices and/or title/doc service companies.
  • Provides additional support to other areas of DCL Operations as required.

Job Requirements:

  • Basic knowledge in lending and the real estate industry.
  • Excellent written and verbal communication.
  • Strong attention to detail.
  • Ability to handle multiple tasks with frequent interruptions.
  • Knowledge of basic accounting processes and procedures.
  • Basic computer skills including Microsoft Office.
  • High school diploma or GED required.
  • Bachelor?s degree in business or related field preferred.
  • 5-7 years experience required.

Compensation: $23.00-$26.12/HR

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