Loan Processor
iLending Car Loan Refinancing, Centennial, CO, United States
GENERAL SUMMARY:
Under the direction of the Manager of Loan Processing, the Loan Processor (LP) is responsible for stripping and stacking the loan package. The Loan Processor (LP) will review all loan requests to ensure accuracy and validity of all documents requested by the lenders. After receiving a document request from the Sales Department, the Loan Processor (LP) will contract the actual loan and set up a DocuSign envelope for signatures and completion. The LP will then contact the Sales Department to get all paperwork signed. This includes emails, scan portals, and FEDEX overnights for POA's and any title paperwork that is needed to perfect the title. The Loan Processor will organize all the paperwork to prepare the package for the bank/lending partner. The LP will be responsible for clean loan packages and getting the loan funded in a timely manner.
ESSENTIAL DUTIES & RESPONSIBILITES: Process the refinance of auto loans Communicate with funders on all funding delays assigned Ensure all signatures are completed properly and quality assure the entire loan process. Verify client information is filled in correctly on all loan documents Verify the vehicle and loan structure - Checking the VIN on ALL paperwork and verifying the approval matches the paperwork Verify all stipulations - Checking the registration for all names, dates, and vehicle info. Verifying the DL matches, and all dates are valid. Reviewing all insurance information. Making sure POR matches the contract, and verifying POI matches which includes calculating the income. Ensure all other lender requested documents comply with Lender standards. The LP will send out all information including the contract as well as product contracts to the customer Maintain a professional, calm manner with all professional and business interactions Perform other related duties as assigned. EDUCATION and/or WORK EXPERIENCE REQUIREMENTS:
High School Diploma or GED | Some college preferred A minimum of one- year office experience, or an appropriate combination of experience and education. Proficient in Microsoft Office Products (Word, Excel, and Outlook) Ability to operate other office equipment, such as, fax/copy machine, calculator etc. Ability to use multi-screen systems and maneuver through several programs simultaneously Excellent organization and multi-task ability Conflict resolution and problem-solving skills PHYSCIAL REQUIREMENTS:
The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities perform the essential functions.
Requires the ability to operate a personal computer, office suites, multi-line phone, calculator and other basic office equipment. Requires the ability to concentrate and consistently produce accurate work. While performing the duties of this job, the Team Member is frequently required to sit, use hand to finger, handle or feel, reach with hands and arms, and talk or hear. The Team Member is occasionally required to stand and walk and walk upstairs. The Team Member is occasionally required to stand for long periods of time, stoop, kneel, or crouch. The Team Member must be able to occasionally lift and or move up to 20 pounds. Specific vision abilities required by this job include close vision, distance vision and the ability to adjust focus. SALARY AND BENEFITS:
$18.00 to $21.00 per hour Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, as well as internal and external equity. Well qualified applicants may be hired in a Loan Processor II or Loan Processor III position. For Regular Full-Time Salaried and Hourly positions, Includes Medical, Dental, Vision, PTO, 401(k) match. WORK ENVIRONMENT:
The Work environmental characteristics described here are representative of those a Team Member encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level is moderate to loud at times The physical exertion is moderate between work and our fun activities Work is performed in an office setting, casual dress code There are frequent team member and customer contacts and interactions
iLending reserves the right to revise or change job duties and responsibilities as the need arises. All job descriptions are to reflect performing other duties as assigned when the situation calls for it. This position description does not circumvent the 'At-Will" relationship or constitute a written or implied contract of employment.
Under the direction of the Manager of Loan Processing, the Loan Processor (LP) is responsible for stripping and stacking the loan package. The Loan Processor (LP) will review all loan requests to ensure accuracy and validity of all documents requested by the lenders. After receiving a document request from the Sales Department, the Loan Processor (LP) will contract the actual loan and set up a DocuSign envelope for signatures and completion. The LP will then contact the Sales Department to get all paperwork signed. This includes emails, scan portals, and FEDEX overnights for POA's and any title paperwork that is needed to perfect the title. The Loan Processor will organize all the paperwork to prepare the package for the bank/lending partner. The LP will be responsible for clean loan packages and getting the loan funded in a timely manner.
ESSENTIAL DUTIES & RESPONSIBILITES: Process the refinance of auto loans Communicate with funders on all funding delays assigned Ensure all signatures are completed properly and quality assure the entire loan process. Verify client information is filled in correctly on all loan documents Verify the vehicle and loan structure - Checking the VIN on ALL paperwork and verifying the approval matches the paperwork Verify all stipulations - Checking the registration for all names, dates, and vehicle info. Verifying the DL matches, and all dates are valid. Reviewing all insurance information. Making sure POR matches the contract, and verifying POI matches which includes calculating the income. Ensure all other lender requested documents comply with Lender standards. The LP will send out all information including the contract as well as product contracts to the customer Maintain a professional, calm manner with all professional and business interactions Perform other related duties as assigned. EDUCATION and/or WORK EXPERIENCE REQUIREMENTS:
High School Diploma or GED | Some college preferred A minimum of one- year office experience, or an appropriate combination of experience and education. Proficient in Microsoft Office Products (Word, Excel, and Outlook) Ability to operate other office equipment, such as, fax/copy machine, calculator etc. Ability to use multi-screen systems and maneuver through several programs simultaneously Excellent organization and multi-task ability Conflict resolution and problem-solving skills PHYSCIAL REQUIREMENTS:
The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities perform the essential functions.
Requires the ability to operate a personal computer, office suites, multi-line phone, calculator and other basic office equipment. Requires the ability to concentrate and consistently produce accurate work. While performing the duties of this job, the Team Member is frequently required to sit, use hand to finger, handle or feel, reach with hands and arms, and talk or hear. The Team Member is occasionally required to stand and walk and walk upstairs. The Team Member is occasionally required to stand for long periods of time, stoop, kneel, or crouch. The Team Member must be able to occasionally lift and or move up to 20 pounds. Specific vision abilities required by this job include close vision, distance vision and the ability to adjust focus. SALARY AND BENEFITS:
$18.00 to $21.00 per hour Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, as well as internal and external equity. Well qualified applicants may be hired in a Loan Processor II or Loan Processor III position. For Regular Full-Time Salaried and Hourly positions, Includes Medical, Dental, Vision, PTO, 401(k) match. WORK ENVIRONMENT:
The Work environmental characteristics described here are representative of those a Team Member encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level is moderate to loud at times The physical exertion is moderate between work and our fun activities Work is performed in an office setting, casual dress code There are frequent team member and customer contacts and interactions
iLending reserves the right to revise or change job duties and responsibilities as the need arises. All job descriptions are to reflect performing other duties as assigned when the situation calls for it. This position description does not circumvent the 'At-Will" relationship or constitute a written or implied contract of employment.