What are the responsibilities and job description for the Commercial Loan Processor position at Ikon Search?
FHA Loan Processor
About the Company:
A publicly traded Real Estate Investment Trust (REIT) focused on the acquisition, origination, and management of income-producing real estate assets nationwide. The platform specializes in multifamily and agency-backed financing solutions, including FHA-insured programs. They combine disciplined underwriting, operational expertise, and long-term capital strategy to deliver stable, risk-adjusted returns to investors.
Position Overview:
The FHA Loan Processor is responsible for managing the documentation, coordination, and submission of FHA-insured multifamily loan files from application through closing. This role works closely with originators, underwriters, third-party vendors, and HUD to ensure complete, accurate, and timely loan submissions in compliance with FHA and HUD guidelines.
The ideal candidate has direct experience with commercial loans, FHA multifamily loan processing, strong organizational skills, and the ability to manage multiple transactions in a deadline-driven environment.
Key Responsibilities:
Loan Processing & File Management
- Collect, review, and validate borrower documentation for FHA-insured multifamily loans
- Prepare and organize complete loan files for underwriting and HUD submission
- Ensure all documentation meets FHA and HUD MAP Guide requirements
- Track loan milestones and maintain accurate pipeline reporting
Compliance & Documentation
- Review appraisals, environmental reports, third-party studies, and borrower financials for completeness
- Confirm adherence to FHA underwriting standards and regulatory requirements
- Maintain detailed checklists to ensure loan file integrity and audit readiness
Coordination & Communication
- Act as liaison between originators, underwriters, HUD contacts, attorneys, and third-party vendors
- Monitor third-party report timelines and follow up to prevent delays
- Provide status updates to internal stakeholders and senior management
Closing Support
- Assist in preparation of closing documentation packages
- Coordinate with legal and closing teams to ensure compliance with FHA requirements
- Ensure final loan documentation is complete and properly archived
Qualifications
- 3 years of FHA loan processing experience (multifamily strongly preferred)
- Working knowledge of FHA/HUD MAP Guide and insured loan programs
- Experience processing multifamily, commercial, or agency-backed loans
- Strong understanding of loan documentation, financial statements, and real estate collateral