Consumer Loan Processor jobs in Colorado Springs, CO

This position will be posted until 4/8 or until filled

Mortgage Solutions of Colorado, LLC d/b/a Mortgage Solutions Financial (“MSF”) offers a comprehensive benefit package and PTO (paid time off) for eligible employees. The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Health Reimbursement Arrangement, Life and AD&D coverage, voluntary Supplemental Life, voluntary Short-Term, Long-Term Disability and Supplemental insurance. In addition, eligible employees have the option to participate in a company retirement plan.

About MSF

MSF is a national mortgage lender based in Colorado Springs. MSF strongly believes every client should be served with integrity, dignity, and respect. Without compromise, MSF is committed to providing loans that are in the best interest of our clients, not our bottom line. We will continue to educate the community by empowering our clients to make responsible and informed fiscal decisions that result in greater financial peace of mind.

Role Overview

A Special Loan Processor is Responsible for restructuring large and very complex problem commercial and commercial real estate loans. Independently analyzes loans and determines the most effective strategy to secure repayment and/or collection of the debt. Negotiates with debtors or their representatives to secure repayment agreements and monitors adherence to terms of repayment agreements. Provides technical advice and assistance to lenders regarding the early identification and evaluation of deteriorating commercial real estate loan situations to minimize losses and maximize recoveries. Maintains current knowledge of all laws, regulations, and rulings concerning insolvency, bankruptcy, etc.

Essential Duties:

Loan Application Processing:

• Review loan applications for completeness and accuracy.
• Verify applicant information, including credit history, income, and employment details.
• Analyze and assess financial documents to determine eligibility for specialized loan programs.

Specialized Loan Knowledge:

• Possess in-depth knowledge of specific loan products, such as government-backed loans, niche industry loans, or unique financial instruments.
• Stay current on industry regulations and updates related to specialized loans.

Documentation Handling:

• Collect, organize, and maintain all necessary documentation for loan processing.
• Ensure compliance with regulatory requirements and internal policies.

Communication:

• Communicate with loan applicants to clarify information, request additional documents, and provide updates on the loan application status.
• Collaborate with other departments, including underwriting and compliance, to address any issues or concerns.

Customer Service:

• Provide excellent customer service to clients throughout the loan application process.
• Address inquiries and concerns promptly and professionally.

Collaboration:

• Work closely with loan officers, underwriters, and other team members to facilitate a smooth and efficient loan approval process.
• Collaborate with legal and compliance teams to ensure adherence to regulations.

Problem Resolution:

• Identify and resolve issues that may arise during the loan processing stage.
• Escalate complex problems to higher management when necessary.

Qualifications, Experience & Knowledge

• Bachelor's degree in finance, business, or a related field.
• Proven experience in mortgage lending, with a focus on non-conventional loans.
• Strong understanding of mortgage underwriting principles and risk assessment.
• Knowledge of relevant regulations and compliance requirements.
• Excellent communication and interpersonal skills.
• Analytical mindset with the ability to make informed decisions.

Physical Requirements

• Stationary position; prolonged periods at a desk and working on the computer.
• Occasional movement about inside the office to walk to offices and office machinery.
• Occasional lifting up to 10 pounds, must be able to push, pull, pull up, bend at the knees and waist, twist body at the waist, raise and hold arms overhead, turn head-neck-shoulders as needed, grasp and hold tools and other items with hands, for either extended periods of time or many times throughout the workday.

MSF is an equal opportunity employer. All candidates for employment are considered equally and no distinction is made on the basis of race, color, national origin, age, religion, disability, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, or veteran status. MSF is also committed to providing qualified applicants and employees reasonable accommodation, when necessary, to enable the individuals to complete the application process and/or perform the essential functions of the job. An applicant and/or employee requiring reasonable accommodation to perform any essential job function, should contact Human Resources.

Job Type: Full-time

Pay: $20.00 - $23.00 per hour

Expected hours: 40 per week

Benefits:

• 401(k)
• Dental insurance
• Employee assistance program
• Employee discount
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Professional development assistance
• Vision insurance

Schedule:

• Monday to Friday

Experience:

• Mortgage: 3 years (Preferred)
• Mortgage Regulations: 3 years (Preferred)

Ability to Commute:

• Colorado Springs, CO 80920 (Required)

Work Location: In person