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Loan Processor

Company: Patch of Land
Location: Sherman Oaks
Posted on: November 22, 2021

Job Description:

Patch of Land is rapidly becoming one of the largest private money lenders for non-owner occupied commercial and residential properties in the United States. Brokers and real estate professionals love working with us because we offer competitive purchase, refinance, and rehab loans nationwide to real estate professionals.


The Loan Processor will be responsible for the entire end-to-end mortgage loan process. Process, document, and close commercial real estate, loan transactions. The processor will be the main point of contact for a borrower or broker, as well as the closing agents, and other outside contacts. Additionally, the processor acts as a liaison between the internal teams such as sales and underwriting.


Ability to analyze all relevant information in order to assess credit risk and ensure loan requests meet guidelines. Ability to review and validate appraisal data to ensure that properties meet underwriting standards.
Review each loan file; verify and ensure accuracy and completeness before submitting to underwriting
Maintain constant communication with the borrower
Work closely with LO's, underwriting, and closing departments to assist in moving loans through underwriting and to close
Work closely with LO's, underwriters, and closers to assist in moving loans forward
Collect documentation from borrowers, title/escrow, insurance companies as well as other outside contacts

A minimum of 5 years of Processing experience
The ability to handle multiple tasks while meeting daily deadlines
Strong organizational skills
Excellent verbal and written communication skills
Excellent Analytical skills
High School Diploma: Bachelor's degree preferred

Why work at Patch of Land?
We have a full Marketing team that provides our Loan Officers high-quality leads and support
We have Transaction Coordinators to assist Loan Officers in pushing loans to Underwriting
We have the great team culture of a growing, venture-backed FinTech startup
Work at the cross-roads of Finance, Real Estate, and Technology - learning the other parts of our business is encouraged
Culture of rewarding results
We have excellent benefits

Patch of Land is an Equal Opportunity Employer.

Amazing Benefits
Full Benefits Package
Health Care: Medical, Dental, & Vision coverage with PPO and HMO options
100% paid for Employee and 25% paid for all Dependents
FSA, EAP, Legal Shied Insurance, and more
401k plan
9 Paid days off for the following holidays: New Year's Day, Memorial Day, Martin Luther King Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day and the day after, and Christmas Day.
10 Paid vacation days (more with tenure)
6 Paid sick days


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Keywords: Patch of Land, Los Angeles , Loan Processor, Other , Sherman Oaks, California

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