Title: Loan Processor

Duration: 3 months contract to hire

Client: US Bank

Location: CA-Thousand Oaks Mortgage - 2625 Townsgate Rd, Ste 300, Westlake Village, CA, 91361-5738, USA

Rate:$25/Hr on W2

Job Description:

Responsible for processing more complex and difficult SBA real estate loans which includes leasehold estates, complex entities, and multiple properties. A workload of closing 8-10 loans a month with few to no errors is expected.

SUMMARY:

Processes SBA and bank-direct loans in the SBA Division, including real estate, equipment and construction/multi-purpose loans.

ESSENTIAL FUNCTIONS:

1. Orders all items necessary for loan file, i.e., insurance, flood certificates, good standings, title policies if necessary.

2. Writes correspondence letters to SBA, borrowers, escrows/attorneys, title companies, insurance companies, etc.

3. Works closely with title and attorneys and escrow companies to close deals efficiently and timely.

4. Reviews preliminary title reports/title commitments.

5. Orders all closing documents including construction documents when necessary.

6. Prepares loan files for funding and boarding.

7. Continually follows-up with Business Developments Officers to ensure clean and efficient loan closings.

8. Follows-up with loan officers regarding completeness of loan conditions.

9. Coordinates multiple files for closing concurrently, or within a short period of time.

SPECIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Associate's degree (A.A.) or equivalent from two-year college or technical school; or six months to one year related experience and/or training; or equivalent combination of education and experience. Ability to read and comprehend simple instructions, short correspondence and memos. Ability to write simple correspondence and e-mails with proper grammar and sentence structure. Ability to add, subtract, multiply, and divide in al units of measure, using whole numbers, common fractions, and decimals. Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form.