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Loan Processor 3

Company: Akraya Inc.
Location: Los Angeles
Posted on: January 16, 2022

Job Description:

Primary Skills:Loan processing, Real Estate, Lending, Credit approval, Documentation
Contract Type: W2
Duration: 12 Months
Location: Los Angeles, CA -

NOTE: Role open to Women Back to Work candidates with a career gap

To follow up with any questions, please contact Amruta -408-512-2368


Work for a market leader!

Client is seeking a Loan Processor to ensure timely, complete, and accurate packaging of all loans originated by loan officers.
Job Responsibilities:

Reviews and understands credit approval and approval conditions to determine documentation requirements.
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.
Manages closing process with escrow, insurance company, Title Company and closing attorney.
Performs other duties as assigned.


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.

Akraya is an award-winning IT staffing firm and the staffing partner of choice for many leading companies across the US. Akraya has been voted as the "Best Staffing Firm to Temp For" by the Staffing Industry Analysts multiple times and voted as "Glassdoor Best places to work

Keywords: Akraya Inc., Los Angeles , Loan Processor 3, Other , Los Angeles, California

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