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Hybrid Consumer Loan Processor

Miami, FL

Must work onsite in Miami for a minimum of 3 days a week.

Job Summary: The Loan Processor is responsible for efficiently processing and finalizing various types of residential and consumer loans. This role involves ensuring all loan requirements are met in accordance with loan approvals and the bank's policies and procedures, encompassing aspects such as collateral, legal compliance, and financial criteria.

Principal Duties & Responsibilities:

  • Review approved credit approvals received from the Underwriter, and procure all necessary requirements essential for loan closure based on the loan approval and applicable closing checklist. These include commitment letters, appraisals, inspection reports, legal and collateral documents, title information, compliance documentation, insurances, and payoffs.
  • Transmit complete loan packages to external legal counsel or in-house documentation staff for preparation of loan documents. Assist throughout the closing process as needed, keeping all stakeholders informed and acting as a liaison to resolve any issues with relevant decision-makers.
  • Review draft loan documents prior to closing, ensuring accuracy in the closing statement reflecting the appropriate use of loan funds, bank fees, escrows, costs, etc. Coordinate with legal counsel to close and fund the loan, and follow up on post-closing matters.
  • Prepare all bank forms required for closing and ensure compliance with the bank’s loan policies and procedures, particularly regarding compliance and credit matters.
  • Ensure proper booking of loans, obtain all required waivers, and ensure correct disbursement of loan proceeds.
  • Organize and barcode loan and credit documents as necessary, and follow up to obtain any outstanding documentation items.
  • Handle inquiries from Relationship Managers and manage compliance-related requirements pertaining to flood regulations.
  • Stay informed about loan compliance issues and distribute relevant information to the department.
  • Act as a liaison with other departments to resolve operational issues and assist in training on compliance and closing procedures as needed.
  • Maintain required reports and process revolving line of credit advances and pay downs, along with corresponding general ledger account entries.
  • Prepare Loan Input Sheets and ensure quality control of approval instruments and all necessary documentation for proper loan booking.
  • Maintain credit files related to loan closings according to the bank’s credit standards.

Qualifications:

  • Minimum of 2 years experience in the lending field.
  • Extensive knowledge of consumer loans, commercial and mortgage loan structures, and documents, including loan accounting issues.
  • Ability to accept instruction, prioritize tasks, and follow through with minimal supervision.
  • Proficiency in Microsoft Office applications (Outlook, Excel, MS Word).
  • High level of accuracy and attention to detail, with a commitment to verifying and double-checking work.
  • Excellent organizational and time management skills, with the ability to handle multiple tasks under tight deadlines.
  • Capability to work independently with minimal supervision and collaborate effectively as a team player with a positive attitude.
Thank you for your interest! 

If your background aligns with our clients needs, one of our Recruiters will reach out. 

Unfortunately due to high volumes of applicants, we may not be able  to respond to those who are not a fit.  If you do not hear from us regarding this application, please know we do appreciate your interest and encourage you to continue to keep an eye on our website for new opportunities. 

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