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Loan Processor
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Scorecard
Based on California data
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What they do
A Loan Processor processes applications for bank loans including mortgage or commercial loans. Assists customers with the application process, organizes and reviews credit information or business financial reports, and puts together materials needed for loan underwriters to evaluate an application.
$48,883 / year median in California
-31% projected decline
Job Description
Loan Processor at Royal Business Bank Loan Processor at Royal Business Bank in Los Angeles, California Posted in 1 day ago.
Type:
full-time
JOB SUMMARY
Responsible for routing mortgage loan files through internal processing systems and obtain information needed to assist in completing a file for approval and closing; Complies with all regulations which apply within the scope of the position, including Bank Secrecy Act. DUTIES Communicate with borrowers, underwriters and loan officers to assemble file for underwriting; Ensure that all of the documentation necessary to obtain loan approval has been received, reviewed and updated; Review all files for completeness and accuracy prior to loan submission; Review items needed on conditional approval; Obtain and verify all underwriting and funding conditions; Submit loan for final approval to underwriting; Maintain a pipeline of loans and is responsible for the timely and compliant flow of loans until closing; Perform other duties as assigned.
QUALIFICATIONS EDUCATION
High school diploma or equivalent; AA degree preferred
EXPERIENCE
Minimum 1-2 years of current mortgage loan processing experience
SKILLS/ABILITES
Computer literate Effective verbal and written communication skills Excellent time management and organizational skills Knowledge of FNMA, FHLMC, VA and FHA guidelines Bilingual (English/Mandarin) preferred Applicants must be authorized to work in the United States without the need for visa sponsorship now or in the future.
WHY WORK FOR US?
Since opening our first branch in Los Angeles in 2008, Royal Business Bank (RBB) has grown rapidly by adding branches in Southern California, Nevada, New York, New Jersey, Chicago, and Hawaii. We offer a comprehensive and innovative suite of banking services for individuals and businesses. We have great benefits that include, but not limited to: Medical insurance Vision insurance Dental insurance 401(k) Disability insurance Royal Business Bank is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.
Benefits
- 401(k) Plans
- Health Insurance
- Dental Insurance
- Vision Insurance