Loan Processor

Job Description :

Location : Cypress, California

CoWorx Staffing services is looking for an experienced Loan Processor to work with our premier client, Yamaha Motor Company, located in Cypress, CA. The Loan Processor reviews loan packages to ensure all documents are executed properly and within the allowed Credit Policies. They will also conduct direct verifications with external entities, including consumers, dealers, and others, to validate employment, income, collateral, and other loan approval terms.

Responsibilities :

Conduct direct verifications with emphasis on processing time, quantity of loans processed, and quality of loans funded.

Meet minimum YMFUS standards for daily loan volume.

Ensure all information is obtained and check for accuracy prior to loan processing

Convert approved applications to funded loans

Communicate and interact, both written and verbal with dealers, credit department, management, and external / internal entities in a professional, concise, and positive manner

Support Credit Underwriter

Participate in testing efforts (i.e., User Acceptance Testing) of changes to the loan origination software and related systems

Perform related duties as needed

Desired Background / Skills :

High School Diploma Required.

Must have a minimum of 1+ years of subprime funding or consumer finance / bank environment experience.

Basic knowledge of accounting and credit processing, basic math skills including the ability to calculate debt rations, payment ratios, and pro rate income.

Must have strong analytical and quantitative skills, organizational, negotiation, interpersonal skills and acute problem-solving ability.

Must be results oriented and possess a high level of personal initiative.

Strong proficiency in MS Office (i.e., Word, Excel, Power Point, Outlook, etc.)

This position will also support other departments within YMFUS during non-peak season

Ability to work flexible hours including weekends and overtime, as necessary