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Loan Processor - Commercial

ReadyCap Commercial offers a positive and diverse work culture incorporated with people who are passionate about their careers. We pride ourselves in being viewed as a premier place to work and encourage you to view our Commercial Loan Processor opportunity.

Job Summary:

  • Provide support to Operations team members.
  • Assist with day to day loan processing responsibilities.

Summary of Essential Job Functions:

  • Build loan file upon receipt of New Loan Assignment.
  • Order third party items and ensure all follow up items are received in a timely manner.
    • Tax Verifications
    • Flood Certificates
    • Entity Verifications
    • Other items as needed
  • Review insurance for loan collateral by coordinating with borrower and insurance agents.
  • Receive, review, and approve insurance documentation based on RCC policies and procedures.
  • Manage various tracking spreadsheets for management.
  • Process all declined/withdrawn loan files.
  • Work with Loan Closers to ensure loan file is complete and in order prior to funding.
  • Update loan file data in ReadyCap Commercial, LLC (RCC) loan origination system.
  • Receive and distribute incoming department mail and overnight packages.
  • Prepare for internal / external audits and compile responses to audit exceptions.
  • Provide back up support to Loan Closers and Post Closing Specialists.
  • Adhere to turn time requirements.
  • Additional duties as requested by Loan Closers and management.

Primary Success Measurements:

  • Average number of insurance reviews completed monthly
  • Average calendar days to fund loans from date executed letter of intent (LOI) received
  • Quality control error percentage

Education and/or Experience:

  • High School Diploma
  • Prefer 1-2 years of commercial mortgage lending experience and/or relevant work experience in a functional role preferred, or equivalent combination of education and experience.

 ReadyCap Commercial is a non-bank, direct portfolio lender offering financing for small balance commercial investment, conventional owner user, SBA 504, multifamily and bridge loan programs nationwide. Available financing ranges from $500,000 to $10 million. With concierge-like personal attention, ReadyCap is set apart by its credit decisions, processing speeds and common-sense, solution-oriented underwriting. 

We see lending differently!

ReadyCap offers a full range of benefits, including competitive salary, comprehensive health plans to choose from including dental, vision coverage, company-paid life & disability insurance policies, business casual dress and a great culture!

ReadyCap is an equal opportunity employer (EOE)!



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