Job Description
Job Description
Private Loan Processor Job Description
I. Job Summary
A. The Private Loan Processor will provide loan processing support to private money loan officers.
B. This employee will also possibly provide Spanish interpretation services if able to do so.
II. Skills and Experience Needed
A. Typing (minimum of 30 words per minute)
B. Strong Math Skills
C. Orderliness and Organizational Skills
D. Ability to communicate clearly and concisely
E. Calmness under pressure
F. Ability to operate office machines, such as computer, photocopier, fax, scanner, E-mail, standard and financial calculators
G. Fluency in Spanish preferred
H. Minimum 3 years processing experience required
IV. Advancement Opportunities
A. Senior Processor
B. Private Money Loan Officer
V. Basic Duties: to assist Private Money Loan Officers with the clerical tasks of loan origination
A. Prepare Loan File Folders.
B. Verify that all authorizations and disclosures are provided to borrower(s) and received back from borrower(s) fully signed and dated.
C. Make copies of documents received from borrowers.
D. Pull Credit Reports.
E. Gather and analyze property documents.
F. Gather financial and income documents.
G. Analyze property value and Loan To Value.
H. Analyze credit, income, and debt ratio.
I. Inspect, photograph, and report on subject property.
J. Prepare a draft of the Loan Investment Summary.
K. Send Loan Investment Summary to private investors and record responses.
L. Open escrow and order preliminary title report.
M. Order the appraisal.
N. Do environmental searches on the Oregon Department of Environmental Quality website.
O. Order Insurance binder.
P. Prepare and send the Loan Investment Package to Investors who fund our loans.
Q. Do final audit of loan package.
R. Prepare drafts of the closing documents.
S. Assist with clearing funding conditions.
T. Obtain signed Note, recorded Trust Deed, Final Settlement Statement, Loan Servicing Agreement, and lenders Title Policy from escrow company after closing.
U. Record loan data on closed loan register.
V. File closed loans and purge old files.
W. Clean the office.
X. Maintain customer databases.
Y. Assist with Mortgage Call Reports.
VI. Job Terms
A. Full Time
B. Schedule: 8 – 5 or negotiable, Monday - Friday
C. Pay Rate: $25 - $30/hour + $150 bonus for each closed loan
D. Work Location: In person and in office
Company DescriptionWe are a small mortgage brokerage known for honesty, creativity, a full array of conventional, sub-prime, and private lender options. We also do construction, rehab, land, and commercial loans, plus we buy seller financed land sale contracts and Notes and Trust Deeds.
Company Description
We are a small mortgage brokerage known for honesty, creativity, a full array of conventional, sub-prime, and private lender options. We also do construction, rehab, land, and commercial loans, plus we buy seller financed land sale contracts and Notes and Trust Deeds.