Loan Processor
2 weeks ago
Position Overview:
We are seeking a meticulous and detail-oriented Loan Processor to join our team. The ideal candidate will be responsible for a variety of tasks including SOW Transposition, Draw at Close Ordering, and other related duties to ensure the accuracy and completeness of loan documentation and risk assessment.
Responsibilities:
- Initial Experience Documentation Review: Review initial experience documentation to assess borrower qualifications.
- SOW Transposition: Transpose Scope of Work (SOW) details accurately into relevant documentation and systems.
- Draw at Close Ordering: Facilitate the ordering process for draw at close documents to support loan disbursement procedures.
- Delinquency Report: Retrieve Delinquency reports to gather pertinent borrower information.
- Liquidity Report: Pull cash needs reports to determine financing requirements.
- Asset Documentation Field Input: Input asset documentation details accurately into relevant systems.
- Borrower Note: Review and analyze borrower information to complete borrower profile summary.
- Google Search: Conduct Google searches to gather additional information relevant to loan applicants.
- Flood Certification Ordering: Order flood certifications to assess flood risk for properties.
- Document Expiration Date Input: Input document expiration dates into relevant systems for tracking and compliance purposes.
- Initial Appraisal Review: Review appraisals to assess for accuracy and relevance.
- Permit Search: Conduct comprehensive search of public domain for permits and applications.
- Purchase Deed Download: Find and download purchase documentation from publicly available resources.
- Zoning Search: Gather public information on zoning.
- Property Valuation: Conduct initial valuation exercises.
- OFAC Entity Check: Conduct searches on business entities.
- Payoffs and Data Input.
- Supports the Company as needed, including other departments on an ad-hoc basis.
Qualifications:
- Bachelor's degree in Finance, Business Administration, or related field preferred.
- 3-5 years of experience in US mortgage loan processing, underwriting, or a related field.
- Proficiency in underwriting terms and systems required.
- Proficiency in Microsoft Suite, especially Excel and Teams.
- Excellent English communication and interpersonal skills.
- Experience with public records searching and real estate data sites (e.g., Zillow, Redfin) is highly desired.
- Familiarity with Exacta, Forcasa, Property Radar, and other loan management systems (HubSpot is a plus).
- Knowledge of loan origination processes, regulations, and compliance requirements preferred.
- Strong attention to detail and accuracy in data entry and analysis.
- Ability to work effectively in a fast-paced environment and meet tight deadlines.
- Highly organized and self-sufficient in time management.
Job Types: Full-time, Permanent
Benefits:
- Health insurance
- Paid training
Schedule:
- Monday to Friday
- Night shift
Supplemental Pay:
- 13th month salary
Application Question(s):
- Do you have experience in using Zillow, Redfin and HubSpot?
- Are you willing to work fully onsite (Makati) for this role?
- Are you willing to work Night shift (EST)?
Experience:
- Loan Processing: 3 years (Preferred)
Work Location: In person
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