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1 Loan Processor Job in Brea, CA

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AmWest Funding
Brea, CA | Full Time
$43k-54k (estimate)
10 Months Ago
Loan Processor
$43k-54k (estimate)
Full Time 10 Months Ago
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AmWest Funding is Hiring a Loan Processor Near Brea, CA

Essential Responsibilities:

  • Review new loan submissions for completeness.
  • Submit new loans for approval.
  • Run AUS.
  • Review processed submissions before submitted to underwriting.
  • Review all Tax and income Forms: 1040, 1065, 1120, VOE, W2, paystubs, and 1099s.
  • Contact and inform the customer the status of their file. Collect additional information needed.
  • Review items needed on conditional approval.
  • Review system for accuracy and ensure all items needing final approval have been collected.
  • Submit loan for final approval to underwriting.
  • Prepare LE to send to borrower.
  • Request CD and Closing Package.
  • Constantly update BYTEPRO system with comments and update AMWEST in-house tracking software.
  • Ensure BYTEPRO system is always updated with status and investor.

Required Knowledge, Skills, and Abilities:

  • Minimum of 3 years of recent experience as a Loan Processor in a residential mortgage, Re-Fi, Purchase, or New Construction.
  • Working knowledge of processing loans for FHA, VA, and other government agencies.
  • Ability to handle a heavy workload.
  • Highly detailed and organized with ability to multi-task.
  • Strong written and verbal communication skills with coworkers and clients.
  • Comprehension of FNMA, FHLMC, and other agency and other investor guidelines.
  • Mathematical proficiency.
  • Computer knowledge (DU, LP, Microsoft Outlook & Windows, Encompass, or equivalent).
  • Proficient with tax return/income calculations for loan qualifications: 1040, 1065, 1120, VOE, W2, and 1099s.
  • Proficient with tax return income calculation for loan qualification.

Preferred Qualifications:

  • Associate Degree.

Equal Employment Opportunity / AAP Policy Statement
AmWest Funding Corp. (NMLS #167441) is an equal employment opportunity employer and will not discriminate against any employee or applicant for employment in an unlawful manner. Employment with AmWest Funding Corp. is “at-will.”

Job Type: Full-time

Pay: $60,000.00 - $70,000.00 per year

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Life insurance
  • Paid time off
  • Vision insurance

Schedule:

  • 8 hour shift
  • Monday to Friday

Experience:

  • structuring/restructuring loans: 1 year (Preferred)
  • non-QM: 1 year (Preferred)

Ability to Commute:

  • Brea, CA 92821 (Required)

Work Location: In person

Job Summary

JOB TYPE

Full Time

SALARY

$43k-54k (estimate)

POST DATE

08/09/2023

EXPIRATION DATE

05/23/2024

WEBSITE

amwestwholesale.com

HEADQUARTERS

Brea, CA

SIZE

<25

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The job skills required for Loan Processor include Underwriting, Loan Processing, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Processor. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Processor. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Loan Processor positions, which can be used as a reference in future career path planning. As a Loan Processor, it can be promoted into senior positions as a Loan Processor III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Processor. You can explore the career advancement for a Loan Processor below and select your interested title to get hiring information.

If you are interested in becoming a Loan Processor, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Loan Processor for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Loan Processor job description and responsibilities

A loan processor reviews loan applications before sending them to the underwriter for approval.

01/11/2022: Springfield, IL

A loan processor will constantly work with computers and other electronic devices.

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Loan officers evaluate, authorize, or recommend approval of loan applications.

01/09/2022: Orange, CA

Loan processors have to request additional documentation that may not be readily available for an applicant, like bank statements from several months ago or past years’ tax documents.

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Not only do loan processors collect and organize all of the loan documents, but they also order and organize various third-party requirements.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Loan Processor jobs

Analyze applicant's financial status, credit, and property evaluation to determine the feasibility of granting the loan.

03/14/2022: Burlington, VT

Analyze potential loan markets to develop prospects for future loans.

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Approve the loan within specified time limits.

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Communicate With Current and Potential Customers.

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The most common types of unsecured loan are credit cards, student loans, and personal loans.

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Step 3: View the best colleges and universities for Loan Processor.

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