Loan Clerk / Loan Processor California, Los Angeles
Responsibilities
- Obtain required loan documentation and process less complex loan applications.
- Order credit verifications and third-party services.
- Track receipt of and review legal documents.
- Set up and monitor loan and financial ticklers to ensure accuracy and timeliness of receipt of documents.
- Verify loan files and supporting documents for accuracy and completeness.
- Follow up on missing documentation.
- Prepare and compile documents for review and approval.
- Prepare or review for accuracy, disclosures required by relevant consumer regulations.
- Schedule or coordinate loan closings and clear for disbursement of proceeds.
- Prepare compliance and accounting records and reports, as required by management and regulatory agencies.
- Perform basic loan calculations.
- Assist customers with basic inquiries or problems.
- Perform pre-closing/post-closing/due diligence review of legal agreements and other closing documents to terms of loan commitment.
- Monitor existing loans and maintain files with sufficient documentation for third-party review and prepare files for timely audits.
- Prepare client communications on loan terms.
- Maintain currency in loan processing policies and procedures.
- Review property and liability insurance to ensure compliance with bank policy and procedure.
- Independently prepare data input sheets and provide required information for loans to be boarded on the bank's servicing system and ensure all loan coding is correct.
- Work 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.
- Perform other duties and responsibilities as assigned.
Knowledge
- 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.
Skills
- 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.
- Performing basic calculations.
- Basic analytical and problem-solving skills.
- Operating standard office equipment and using required software applications.
Abilities
- 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.
- Communicate effectively, both orally and in writing.
- 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.
- Establish and maintain effective working relationships.
- Maintain currency in loan processing policies and procedures.
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