Loan Processor
About The Position
Ascent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Ascent is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies. The Loan Processor plays an important role in ensuring loans are processed in a timely, compliant, and accurate manner. The Loan Processor works closely with AscentDS team members, loan originators, sponsors, borrowers, and third-party vendors to guide contracts and loans from the application stage through to closing, and funding. The ideal candidate is collaborative, highly communicative, and has a strong desire to learn and grow professionally.
Requirements
- Experience in both Residential Construction and commercial CRE operations, risk assessment and QC, preferably in a financial services or lending institution
- Familiarity with business purpose and/or construction loan underwriting
- Good knowledge of operational risk and loan processing workflows
- Exceptional attention to detail and adherence to internal standards
- Strong interpersonal and written communication skills
- Proficiency in financial software tools, including standard LOS and servicing platforms
Responsibilities
- Update loan data and documentation in our Loan Origination System (LOS) to ensure timely, accurate and detailed records.
- Manage loan pipeline for both efficiency and compliance to internal standards and/or SLA.
- Obtain, review, and organize files necessary for borrower entity, property, and loan documentation, including, but not limited to entity documentation, sponsor financial statements, construction budgets, plans and permits.
- Order, review and organize third-party documentation, including property profiles, title insurance, credit reports, tax transcripts, credit supplements, property questionnaires, subordination requests, and title work.
- Facilitate and support interactions between Sponsor applicants, loan officers, agents, and underwriters toward a timely approval, closing and funding.
- Recommend and implement best practices as part of Ascent's dedication to creating an industry-leading customer experience.
Benefits
- We offer a comprehensive benefits package designed to support your health, well-being, and work-life balance. Our benefits include five health plans, two dental plans, health savings and flexible spending accounts, vision coverage, a 401(k) plan, and other optional benefits from which to choose.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
51-100 employees
