Loan Specialist II

4 weeks ago


Los Angeles, California, United States INSPYR Solutions Full time
Job Summary:

As a Loan Specialist II at INSPYR Solutions, you will play a crucial role in processing commercial and retail loans, preparing approval or closing documents, and ensuring compliance with all state and federal regulations. This is a contract position with a competitive hourly rate of $30-$31.70.

Key Responsibilities:

  • Obtain and process loan documentation, including credit verifications and third-party services.
  • Track and review legal documents, setting up and monitoring loan and financial ticklers to ensure accuracy and timeliness.
  • Verify loan files and supporting documents for accuracy and completeness, following up on missing documentation.
  • Prepare and compile documents for review and approval, including disclosures required by relevant consumer regulations.
  • Schedule and coordinate loan closings, clearing for disbursement of proceeds.
  • Prepare compliance and accounting records and reports, as required by management and regulatory agencies.
  • Perform basic loan calculations and assist customers with basic inquiries or problems.
  • Monitor existing loans, maintaining files with sufficient documentation for third-party review and preparing files for timely audits.
  • Prepare client communications on loan terms and maintain currency in loan processing policies and procedures.
  • Review property and liability insurance to ensure compliance with bank policy and procedure.
  • Independently prepare data input sheets and provide required information for loans to be boarded on the bank's servicing system.

Requirements:

  • High School diploma or equivalent combination of education, training, or experience.
  • Basic concepts, practices, and procedures of commercial and retail loan processing.
  • Basic principles of banking and finance.
  • Financial markets and products.

What We Offer:

Comprehensive medical benefits, competitive pay, 401(k) retirement plan, and much more. INSPYR Solutions provides Equal Employment Opportunities to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics.

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