Commercial Loan Processor jobs in Vallejo, CA

The Commercial Loan Processor calculates and processes payoffs, and releases titles and insurance interest. Processes loan payments and applies funds to customer accounts. Being a Commercial Loan Processor responds to customer inquiries and requests for net payoff quotes. Calculates and prepares refunds for customers that submit overpayments. In addition, Commercial Loan Processor may require an associate's degree or its equivalent. Typically reports to a supervisor or manager. Being a Commercial Loan Processor gains or has attained full proficiency in a specific area of discipline. Works under moderate supervision. Working as a Commercial Loan Processor typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)

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Initial Loan Reviewer/Processor
  • WESTAMERICA BANK
  • FAIRFIELD, CA FULL_TIME
  • Description

    Westamerica is among the largest commercial banks headquartered in California. We are looking for outstanding people to join our winning team. We reached our current strength because our employees, customers, and shareholders believe in the same fundamental goals: Delivering a wide variety of financial services with a superior customer service guarantee. 


    Weekly Working Hours: 40


    Sets-up, validates and maintains loan file information on loan processing data base system; prepares loan file for submission to Underwriting for prescreen evaluation. Prepares Truth-In-Lending/Good Faith Estimate loan documents for borrower's signature. Processes loan files for submission to underwriting in cross-functional capacity. Tracks receipt of application fees and payment of all charges associated with the processing of the loan. Assists in the maintenance of loan processing data base "Set-ups". Assists in the processing of appraiser application packages for approval and updates appraiser tracking system.

    ESSENTIAL FUNCTIONS: Fundamental Duties

    1.  Reviews loan package to ensure the loan meets selected loan program parameters. Validates, enters and maintains data entered onto loan processing system including loan program parameters, borrower and property information, loan fees, HMDA information and required data for tracking purposes. Calculates estimated closing costs including title and escrow fees; and if applicable, calculation of impounds for hazard insurance, property taxes and PMI insurance.
    2. Sets up and maintains individual borrower accounts used for tracking receipt of loan application fees and disbursements to service providers. Balances service provider statements and prepares G/L tickets for payment of invoices. Balances borrower account tracking system to Appraisal Fee Payable Account on a daily basis which is certified on a quarterly basis.
    3. Processes canceled and declined loans, determining refund due to borrower and issuing refund check or determining monies due from borrower and sending out a reimbursement request letter. Follows up on reimbursement request and/or obtains supervisor approval for reimbursement exception.
    4. Cross-functional Processing duties include, but are not limited to, the following:
    • Reviews loan package for completeness and accuracy.
    • Sets up file: Orders credit reports, appraisal and all depository, employment, and mortgage verifications.
    • Creates credit application on Loan Processing Software.
    • Maintains computerized checklist for tracking incoming loan file documentation.
    • Maintains computerized conversation log tracking all verbal communications with customers, and Loan Branch Representatives.
    • Completes loan status change sheets for tracking.
    • Prepares loan files for submission to underwriting, investor and private mortgage insurance companies. Prepares CLD50 to facilitate internal WAB credit approval and tracking.
    1.  Generates Truth-In-Lending/Good Faith Estimate and an outline of loan program parameters in letter form for borrower's signature. Discloses all service providers as required by law. Orders and distributes Flood Certifications and prism reports.
    2. Assists in the maintenance of loan processing data base system including setup, modification and development.
    3. Assists in the processing new Appraiser and Environmental Consultant applicant files and maintenance of computerized appraiser tracking system.

    Marginal Functions:

    1. Performs additional job-related duties as required.

    MINIMUM KNOWLEDGE, PRIOR WORK EXPERIENCE, AND SKILLS NEEDED TO PERFORM JOB FUNCTIONS:

    Previous processing, closing and/or shipping operational work experience in mortgage lending industry. Good mathematical, basis account, and computer skills required.

    PHYSICAL DEMANDS:

    Sitting and/or working with computer screens for extended periods of time.

    MENTAL DEMANDS:

    Prioritize multiple tasks and process a large and constantly changing volume of documents within tight time constraints.

    Apply mathematical skills to determine estimate of closing costs and balance internal fees tracking system.

    Problem-solving ability.

    Maintain confidentiality of loan and customer data.

    Prepare accurate and detailed legal loan documents.

    EQUIPMENT USED TO PERFORM FUNCTIONS:

    Computer terminal, credit bureau terminal, flood certification terminal, typewriter, calculator, photo copier, fax machine, telephone and check imprinter.

    DECISION MAKING: (Give examples of decisions and recommendation made by incumbent)

    Determines if loan package meets selected loan program parameters.

    Prioritizes own workflow in order to meet departmental and regulatory deadlines.

    FINANCIAL IMPACT:

    • Failure to disclose loans within 72 hours of receipt of loan package could result in substantial penalties charged to bank for failure to meet compliance deadlines.
    • Failure to accurately track fees and disbursements could result in financial loss to bank as well as jeopardize business relationships with our service providers.
    • Failure to provide accurate disclosures to borrowers could result in a commitment to lend that would be a liability to Westamerica Bancorporation.

    CONTACTS:

    Internal: Interacts with RRED Production Department members, Controllers, Branch personnel and other Residential Real Estate personnel.

    External: Borrowers, brokers, appraisers, credit bureaus and computer software vendor.


    EOE

    Westamerica Bank's Privacy Policy may be found at: www.westamerica.com/about/privacy

  • 25 Days Ago

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Loan Processor - Consumer Payment
  • WESTAMERICA BANK
  • FAIRFIELD, CA FULL_TIME
  • DescriptionWestamerica is among the largest commercial banks headquartered in California. We are looking for outstanding people to join our winning team. We reached our current strength because our em...
  • Just Posted

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Loan Processor Utility - Charge Off Support
  • WESTAMERICA BANK
  • FAIRFIELD, CA FULL_TIME
  • DescriptionWestamerica is among the largest commercial banks headquartered in California. We are looking for outstanding people to join our winning team. We reached our current strength because our em...
  • 22 Days Ago

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Processor
  • Postal Source
  • Napa, CA FULL_TIME
  • POSTAL MAIL PROCESSOR NO EXPERIENCE REQUIRED PAID TRAINING PROVIDED JOB SECURITY The Postal Service is the largest government related agency in terms of employees. The Postal Service currently employs...
  • 3 Days Ago

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Processor
  • WKS Restaurant Group
  • Vacaville, CA FULL_TIME
  • Pay Range: $16.00 – $26.00 Listed wages are based on company-wide ranges. Actual earnings will vary based on factors such as: restaurant brand, experience, education, geography, applicable minimum wag...
  • 13 Days Ago

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Processor
  • WKS Restaurant Group
  • Concord, CA FULL_TIME
  • Pay Range: $16.00 – $26.00 Listed wages are based on company-wide ranges. Actual earnings will vary based on factors such as: restaurant brand, experience, education, geography, applicable minimum wag...
  • 14 Days Ago

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0 Commercial Loan Processor jobs found in Vallejo, CA area

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Jr. Loan Processor (Bi-lingual Spanish)
  • Cornerstone Financial Services
  • San Rafael, CA
  • Job Description Job Description We are a 40-year-old Commercial Equipment Lender looking for a self-motivated, organized...
  • 3/28/2024 12:00:00 AM

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Jr. Loan Processor (Bi-lingual Spanish)
  • Cornerstone Financial Services
  • San Rafael, CA
  • Job Description Job Description We are a 40-year-old Commercial Equipment Lender looking for a self-motivated, organized...
  • 3/28/2024 12:00:00 AM

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Mortgage Originator Market Leader
  • YourWayHome.com LLC
  • Berkeley, CA
  • (In-House lender to 11,000 real estate agents, plus guaranteed leads) We are hiring an experienced mortgage originator t...
  • 3/28/2024 12:00:00 AM

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Artthaus Commercial Portfolio Property Manager
  • Riaz Capital
  • Walnut Creek, CA
  • Job Description Job Description Overview As the Artthaus Commercial Portfolio Property Manager you lead a team to ensure...
  • 3/28/2024 12:00:00 AM

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Loan Servicing Associate - Remote
  • Bay Equity
  • Concord, CA
  • Bay Equity is a full-service retail mortgage lending institution headquartered in Corte Madera. In 2011 and 2012, San Fr...
  • 3/26/2024 12:00:00 AM

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Construction Manager - Capital Projects
  • Perry Construction Management
  • Richmond, CA
  • Job Description Job Description Position: Construction Manager - Manufacturing Has Contact with: Subcontractors, Project...
  • 3/26/2024 12:00:00 AM

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Teller Part Time Marin County
  • WELLS FARGO BANK
  • Novato, CA
  • Why Wells Fargo: Are you ready for the next step in your career? This is where it begins - at a company known for our "W...
  • 3/25/2024 12:00:00 AM

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Teller Part Time Marin County
  • WELLS FARGO BANK
  • San Rafael, CA
  • Why Wells Fargo: Are you ready for the next step in your career? This is where it begins - at a company known for our "W...
  • 3/25/2024 12:00:00 AM

Vallejo (/vəˈleɪ(h)oʊ/ və-LAY-(h)oh; Spanish: [baˈʎexo]) is a waterfront city in Solano County, California, located in the North Bay subregion of the San Francisco Bay Area. Vallejo is geographically the closest North Bay city to the inner East Bay, so it is sometimes associated with that region. Its population was 115,942 at the 2010 census. It is the tenth most populous city in the San Francisco Bay Area, and the largest in Solano County. Vallejo sits on the northeastern shore of San Pablo Bay, 30 miles north of San Francisco, the northwestern shore of the Carquinez Strait and the southern e...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Processor jobs
$45,708 to $58,907
Vallejo, California area prices
were up 2.5% from a year ago