Loan Processor 3
Company: Akraya Inc.
Location: Los Angeles
Posted on: January 16, 2022
Primary Skills:Loan processing, Real Estate, Lending, Credit
Contract Type: W2
Duration: 12 Months
Location: Los Angeles, CA -
NOTE: Role open to Women Back to Work candidates with a career
To follow up with any questions, please contact Amruta
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.
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
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
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
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
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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