The Sr Loan Processor is responsible and accountable for providing high quality service to our external and internal customers by following procedures and regulatory guidelines, giving special attention to communication, compliance, loan quality and timing.
RESPONSIBILTIES
- Manage a high-volume loan pipeline.
- Gather the necessary paperwork and documentation required to make a complete loan file.
- Review all loan documentation to ensure completion and, accuracy, and verify compliance with company policies and procedures.
- Adhere to all regulatory requirements.
- Request, run, and review third party reports (i.e. credit, OFAC, Westlaw, UCC search,).
- Escalate issues which may impact loan funding or perfected collateral position.
- Maintain and update bank’s internal loan processing system which includes data fields, transactional documentation and notes.
- Prepare and submit complete loan files for underwriting.
- Upon receipt of loan approval, request loan documents, review loan documents for accuracy and coordinate signing.
- Prepare loan file for closing and coordinate with all necessary parties involved for funding.
- Provide closed loan file to be imaged and index to the banks electronic file system.
- Create ticklers for post-closing items, follow for receipt (i.e. UCC terminations, Search to Reflect (STR)).
- Review final title policy(ies).
- Review and approve loan journals, review wire information input and assist other loan processors as needed.
- Mentor and train new Loan Processors.
- Other responsibilities as assigned.
Qualifications
- Minimum 3 years of experience in loan processing or related work experience required.
- Must have prior experience processing complex commercial and industrial loans.
A reasonable, good faith estimate of the minimum and maximum base salary or pay for this position is $28.29/hr to $42.44/hr. Actual compensation will vary based on various factors including but not limited to location, experience, and performance. A discretionary bonus and/or business line incentive may be provided, in addition to a medical and other benefits, dependent on the position. For more information regarding our benefits, please visit https://www.ppbi.com/careers.html
CA (Los Angeles applicants): Applicants are notified that the Company is an insured depository institution subject to the restrictions and requirements of Section 19 of the Federal Deposit Insurance Act (12 CFR 303) (“Section 19”). In accordance with Section 19, the Company will consider an applicant’s criminal history after an applicant is made a conditional offer of employment. Qualified applicants with criminal conviction records will be considered for employment in accordance with the Los Angeles Fair Chance Ordinance. Section 19 may prohibit the Company from employing an applicant with criminal conviction(s) for fraud, breach of trust, embezzlement, mishandling of money or any crime of violence may have a direct impact on the job duties as set forth in the job description and such convictions may result in withdrawal of a conditional offer of employment in accordance with the Los Angeles Fair Chance Ordinance. Because of the nature of our business, a review of your criminal history is necessary to comply with Section 19 and to avoid substantial risk to our business operations and licensing.