Position OverviewArixa is seeking a motivated and detail-oriented Loan Processor. As a Loan Processor, you will play a critical role in the heart of our Private Lending Business. You'll be responsible for processing Bridge and Construction loans from application through closing to ensure a smooth process, including receiving Letter of Intent (LOI) and obtaining all documentation required for underwriting, approval, and closing. You'll work directly with Client Relation Managers and Underwriters to process requests efficiently and accurately. We seek someone who is intellectually curious, holds themselves to high standards and can thrive in a high achieving, fast paced cultural environment.
Summary of Primary Duties & ResponsibilitiesThe Loan Processor is an LA-based or PHX-based position on a hybrid schedule with at least two (2) days in-office. This position will report to the Director, Closing. While not an exhaustive list, the Loan Processor will be responsible for:
- Provide support to Client Relations and Underwriting teams by ensuring timely and accurate processing, documentation and closing of new loans and modifications
- Maintain an active loan pipeline to ensure key dates and timelines are met, track LOI's received and all corresponding documentation necessary to process loan from initial set-up through closing
- Review and reconcile all documentation to ensure accuracy of data in Salesforce
- Order, review, and track all third-party reports such as flood determination, Funding Shield and property insurance. Ensure property insurance meets Arixa's requirements
- Order payoff demands and any other items required to clear title exceptions
- Open Escrow and Title, order indemnity package on construction loans. Work closely with Escrow and Title to coordinate closings and clear any hurdles that could delay funding
- Follow up on open underwriting conditions throughout the loan process and satisfy prior to clear to closeor funding
- Coordinate and/or support Loan Originators, Client Relations Managers, Underwriters, and Closers on various items needed to process and close the loan
- Input proper loan information into Salesforce
- Manage deadlines and prioritize tasks in a fast-pace environment
- Work on special projects as needed or other duties as may be assigned
Education and Experience- Bachelor's Degree preferred but not required.
- 4 to 5 years of processing, account management, or operation fulfillment experience required, preferably in private lending.
- Strong organizational and multi-tasking skills with strong initiative.
- Knowledge of mortgage loan products, guidelines, and regulations.
- Possesses the ability to apply critical thinking and problem-solving skills while adapting to change quickly.
- Detail oriented and highly organized that works well in a fast-paced team driven environment
- Excellent verbal and written communication skills.
- Collaborative team player with strong interpersonal skills
- Experience working with Salesforces is a plus.
- Work Environment: This position typically operates in a professional office environment. Occasional evening and weekend work may be required to meet deadlines or address urgent issues
CompensationThis position is exempt full time, with Pay Range: $80K to $90K plus discretionary bonus potential.
BenefitsThe employee is eligible for the following benefits:
- Annual discretionary bonus program.
- Medical, dental and vision insurance.
- 401k with Safe Harbor contribution.
- Two weeks (ten days) paid time away excluding sick time.
- Six paid sick days.
- Ten paid holidays.
- One personal day.
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