Loan Specialist II

Title : Loan Specialist II

If your skills, experience, and qualifications match those in this job overview, do not delay your application.

Location : Grand Ave., Los Angeles, CA 90071 (Hybrid three times a week in office.)

Duration : Contract

Compensation : $30-$31.70 / hour

Work Requirements : US Citizen, GC Holders or Authorized to Work in the U.S.

Job Summary : Under direct supervision, uses knowledge and skills gained through on-the-job training to process commercial and / or retail loans and prepare approval or closing documents.

Detailed instructions and established procedures are provided to perform routine tasks requiring minimal evaluation, originality or ingenuity in making routine decisions.

Resolves common questions and problems and refers more complex issues to a higher level.

Regular contact with internal and external clients is required to obtain, clarify or provide facts and information.

Essential Duties and Responsibilities :

• Obtains required loan documentation and may process less complex loan applications.
• Orders credit verifications and third-party services.
• Tracks receipt of and reviews legal documents.
• Sets up and monitors loan and financial ticklers to ensure accuracy and timeliness of receipt of documents.
• Verifies loan files and supporting documents for accuracy and completeness. Follows up on missing documentation.
• Prepares and compiles documents for review and approval.
• May prepare or review for accuracy, disclosures required by relevant consumer regulations.
• May schedule or coordinate loan closings and clear for disbursement of proceeds.
• Prepares compliance and accounting records and reports, as required by management and regulatory agencies.
• May perform basic loan calculations.
• Assists customers with basic inquires or problems.
• May perform pre-closing / post-closing / due diligence review of legal agreements and other closing documents to terms of loan commitment.
• Monitors existing loans and maintains files with sufficient documentation for third-party review and prepares files for timely audits.
• May prepare client communications on loan terms.
• Maintains currency in loan processing policies and procedures.
• Responsible for reviewing property and liability insurance to ensure it complies with bank policy and procedure.
• Independently prepares data input sheets and provides required information for loans to be boarded on the banks servicing system and ensure all loan coding is correct.
• Works with attorneys and other financial or legal resources to obtain the correct, accurate documents to fully protect the financial institution’s interests in the credit relationship.
• Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities :

• Basic concepts, practices and procedures of commercial and retail loan processing.
• Basic principles of banking and finance.
• Financial markets and products.
• Compliance with all state and federal regulations Skill in :
• Processing less complex loan applications.
• Document preparation for retail and / or commercial loans.
• Verifying information for accuracy and completeness.
• Preparing loan approval and / or closing packages.
• Preparing records and reports.
• Performing basic calculations.
• Basic analytical and problem-solving skills
• Operating standard office equipment and using required software applications.

Ability to :

• Read, interpret, analyze and apply information from loan application documents.
• Interpret and apply policies.
• Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment.
• Communicate effectively, both orally and in writing.
• Work independently as well as collaboratively within a team environment.
• Handle stressful situations and provide a high level of customer service in a calm and professional manner.
• Establish and maintain effective working relationships.
• Maintain currency in loan processing policies and procedures.

Educational / Previous Experience Requirements :

High School diploma or an equivalent combination of education, training or experience. or

If you are interested and meet the required qualifications, please send your resume (Word version only) to Michelle Nicolaus ([email protected]).

Our benefits package includes : Comprehensive medical benefits

Competitive pay, 401(k)

Retirement plan

and much more!

About INSPYR Solutions

Technology is our focus and quality is our commitment. As a national expert in delivering flexible technology and talent solutions, we strategically align industry and technical expertise with our clients’ business objectives and cultural needs.

Our solutions are tailored to each client and include a wide variety of professional services, project, and talent solutions.

By always striving for excellence and focusing on the human aspect of our business, we work seamlessly with our talent and clients to match the right solutions to the right opportunities.

Learn more about us at inspyrsolutions.com.

INSPYR Solutions provides Equal Employment Opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics.

In addition to federal law requirements, INSPYR Solutions complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.