Loan Processor
About The Position
West Coast Community Bank is a top-rated community bank serving businesses and individuals along the Central Coast, in Silicon Valley, and throughout the Bay Area. They operate full-service branches and are known for their relationship-based service, solutions-driven focus, and modern banking technologies. The bank is a leading SBA and USDA lender and is committed to supporting regional well-being through active participation in and donations to local nonprofit organizations, contributing over 2,000 hours of volunteering annually. Their success is driven by an exceptional team focused on delivering results, and they have received numerous national, regional, and local honors.
Requirements
- 1-4 years of experience working in loan processing, loan documentation, or loan administration within a financial institution
- High School diploma or GED
- Knowledge of commercial, construction, real estate, and consumer loan products.
- Basic understanding of Title & Escrow.
- Basic understanding of Laser Pro Document preparation system.
- Experience working with lending service providers.
- Understanding of Lending documentation
- Strong organizational skills, attention to detail, and accuracy
- Strong verbal and written communication skills
- Ability to work in a fast-paced environment, meet deadlines, and multi-task
- Ability to problem-solve and make decisions
- Ability to prepare and edit documents using Word and Excel
Responsibilities
- Coordinate workflow within the Lending Department to obtain required documentation and facilitate complete loan packages for Underwriting.
- Review and identify all missing documentation, ensuring information is presented completely and accurately.
- Communicate with Relationship Managers, Business Development Officers, Credit Administration, and the Note Department to ensure timely processing for underwriting and document preparation.
- Set up and maintain digital loan files on the document management system (Director), including uploading and maintaining financials.
- Order, review, and understand appraisals, entity documents, trust agreements, purchase contracts, and UCC filings.
- Review and understand Preliminary Title reports, address title exceptions, and prepare escrow instructions.
- Engage third-party vendors for credit reports, appraisals, environmental due diligence, and preliminary title reports.
- Coordinate loan closings with the Note Department, Relationship Managers, and Title Company.
- Maintain knowledge of state and federal banking compliance regulations pertaining to TILA-RESPA Integrated Disclosure Rule (TRID), HMDA, Reg B, Reg Z, Adverse Action, and Flood compliance.
- Maintain regulatory compliance knowledge through online training (BVS), attending seminars, and referencing bank compliance procedures.
- Maintain and update pipeline reports.
- Monitor tickler system to ensure timely receipt of financial loan covenants.
- Perform other duties as required by the Lending Department.
- Perform general clerical duties including filing, copying, data entry, and scanning.
Benefits
- Medical, dental, and vision plans
- Vacation, sick leave, paid Holidays
- Paid volunteer time
- Employer paid life insurance
- 401(k) with employer matching
- Ongoing training, professional development, and career advancement opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
