Loan Processor I

CTBC Bank Corp USA•Monterey Park, CA

5d•$26 - $36•Onsite

About The Position

The Loan Processor role encompasses several different areas of expertise: Initial disclosure of the Loan Estimate; processing of the Intent to Proceed; ordering upfront services such as Title & Escrow; Re-disclosures; preparing Initial Credit Packages to submit to Underwriting and indexing documents in the document management system.

Requirements

2+ years of Mortgage Processing and Doc Drawing experience required.
Basic knowledge of credit, finance, lending procedures and legal and audit regulations.
Analytic, quantitative, interpersonal, verbal communication, written communication, and PC skills.
Attention to detail, strong organizational, communication, interpersonal, self-motivated, and analytical skills, ability to interact with all levels of management and staff.

Nice To Haves

Bachelor’s degree in Finance, Business Administration, Accounting, or other relevant Business fields is preferred.
Formal credit training or related certification is preferred.

Responsibilities

Review mortgage loan package and order all required verifications, documentation and subsequent follow-up conditions.
Setup files, review documentation, enter the data in loan system and maintain the accuracy of system data.
Uses knowledge of title conditions to work with Mortgage Loan Officers, escrow/title, and customers to resolve pending conditions and stipulations.
Send initial disclosures and re-disclosures to customers in compliance with all lending laws, rules, and regulations including but not limited to accurate fees and within appropriate time frames.
Obtains and reviews documents for compliance with loan conditions and product guidelines.
Ensure all loan approval and conditions are received within specified time frames.
Ensure operations in compliance with Federal, State and local laws governing the company's lending activities.
Interface with loan officer to close loans.
Successfully complete all mandatory training on related Bank and BSA compliance as well as other laws and regulations as assigned in a timely manner.
Perform all assigned duties under Bank’s compliance programs and related laws & regulations.
Perform other duties as assigned by management.