Loan Processor

The Role

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.

The Work

• 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.

Your Skills and Experience

• 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

The Pay

• Hourly pay is $28.85-$43.27 plus overtime with a discretionary annual bonus of up to 15%.

The Work Environment

• This role works on-site from Ascent's Encino office, Monday - Thursday (Fridays are work-from-home).
• Full-time, 40 hours per week; must be available for occasional overtime.
• Some nights and weekends required.