Title: Loan Specialist II
Location: Los Angeles CA
Duration: 6 month- Contract
Compensation: $25/hr.
Work Requirements: US Citizen, GC Holders or Authorized to Work in the US
Mon-Fri 8am-5pm
Hybrid- 3 days in office
Weekly Pay!
Summary:
Under direct supervision, uses knowledge and skills gained through on-the-job training to process commercial and/or retail loans and prepare approval or closing documents. Detailed instructions and established procedures are provided to perform routine tasks requiring minimal evaluation, originality, or ingenuity in making routine decisions. Resolves common questions and problems and refers more complex issues to a higher level. Regular contact with internal and external clients is required to obtain, clarify, or provide facts and information.
Essential Duties and Responsibilities:
Obtains required loan documentation and may process less complex loan applications.
Orders credit verifications and third-party services
Tracks receipt of and reviews legal documents
Sets up and monitors loan and financial ticklers to ensure accuracy and timeliness of receipt of documents
Verifies loan files and supporting documents for accuracy and completeness. Follows up on missing documentation
Prepares and compiles documents for review and approval
May prepare or review for accuracy, disclosures required by relevant consumer regulations
May schedule or coordinate loan closings and clear for disbursement of proceeds
Prepares compliance and accounting records and reports, as required by management and regulatory agencies
May perform basic loan calculations
Assists customers with basic inquiries or problems
May perform pre-closing/post-closing/due diligence review of legal agreements and other closing documents to terms of loan commitment
Monitors existing loans and maintains files with sufficient documentation for third-party review and prepares files for timely audits
May prepare client communications on loan terms
Maintains currency in loan processing policies and procedures
Responsible for reviewing property and liability insurance to ensure it complies with bank policy and procedure
Independently prepares data input sheets and provides required information for loans to be boarded on the bank servicing system and ensures all loan coding is correct
Works with attorneys and other financial or legal resources to obtain the correct, accurate documents to fully protect the financial institution's interests in the credit relationship
Performs other duties and responsibilities as assigned
Knowledge, Skills, and Abilities:
Basic concepts, practices, and procedures of commercial and retail loan processing
Basic principles of banking and finance
Financial markets and products
Compliance with all state and federal regulations
Skill in:
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
Basic analytical and problem-solving skills
Operating standard office equipment and using required software applications
Ability to:
Read, interpret, analyze, and apply information from loan application documents
Interpret and apply policies
Organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment
Work independently as well as collaboratively within a team environment
Handle stressful situations and provide a high level of customer service in a calm and professional manner
Maintain currency in loan processing policies and procedures
Our benefits package includes:
Comprehensive medical benefits
Competitive pay, 401(k)
Retirement plan
…and much more!