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Loan Processor (Commercial Real Estate)
Reliant Capital LLC Los Angeles, CA
$84k-111k (estimate)
Full Time 1 Month Ago
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Reliant Capital LLC is Hiring a Loan Processor (Commercial Real Estate) Near Los Angeles, CA

About Reliant Capital

Reliant Capital is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Reliant is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies.

Join us at Reliant Capital and be part of a dynamic team driving innovation and excellence in private lending. With our commitment to growth and market leadership, there's no better place to build your career.

Position Summary

Reliant is seeking a Commercial Real Estate Loan Processor with construction loan experience, to join our growing team located in Reliant's West Los Angeles office.

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 Reliant 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.

Responsibilities

  • 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 ReliantÂ’s dedication to creating an industry-leading customer experience.

Qualifications

  • 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

Job Summary

JOB TYPE

Full Time

SALARY

$84k-111k (estimate)

POST DATE

04/05/2024

EXPIRATION DATE

04/29/2024

WEBSITE

reliantcg.net

HEADQUARTERS

Miami, FL

SIZE

<25

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The job skills required for Loan Processor (Commercial Real Estate) include Underwriting, Loan Processing, Loan Origination, Dedication, Written Communication, Credit Reports, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Processor (Commercial Real Estate). 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 (Commercial Real Estate). 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 (Commercial Real Estate) positions, which can be used as a reference in future career path planning. As a Loan Processor (Commercial Real Estate), 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 (Commercial Real Estate). You can explore the career advancement for a Loan Processor (Commercial Real Estate) below and select your interested title to get hiring information.

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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.

02/23/2022: Harlingen, TX

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.

01/08/2022: Memphis, TN

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

03/12/2022: Grand Forks, ND

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.

01/23/2022: Cincinnati, OH

Approve the loan within specified time limits.

03/06/2022: Helena, MT

Communicate With Current and Potential Customers.

03/07/2022: Pensacola, FL

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

02/27/2022: Reading, PA

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

Florida Southern College
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