Loan Specialist II

Company: INSPYR Solutions
Location: Los Angeles
Posted on: February 4, 2025

Job Description:

Title: Loan Specialist II

A high number of candidates may make applications for this position, so make sure to send your CV and application through as soon as possible.
Location: Los Angeles CA
Duration: 6 month- Contract
Compensation: $30- $31.75
Work Requirements: US Citizen, GC Holders or Authorized to Work in the US Weekly Pay!
Mon-Fri 8am-5pm
Hybrid- 3 days in office
Commercial Loan experience needed**

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 inquiries 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:
Knowledge of: 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
Any equivalent combination of experience, education, and/or training approved by Human Resources

Licenses/Certifications: Bank is an EOE/AA and VEVRAA Federal Contractor
Priority will be given to protected veterans

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.

Keywords: INSPYR Solutions, Los Angeles , Loan Specialist II, Accounting, Auditing , Los Angeles, California