Business Purpose Loans Processor

Company: Ascent Developer Solutions
Location: Los Angeles
Posted on: May 7, 2025

Job Description:

About AscentAscent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Ascent is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies.The RoleThe Loan Processor plays an important role in ensuring loans are processed in a timely, compliant, and accurate manner. The Loan Processor works closely with Ascent team members, loan originators, sponsors, borrowers, and third-party vendors to guide contracts and loans from the application stage through to closing, and funding. The ideal candidate is collaborative, highly communicative, and has a strong desire to learn and grow professionally.The Work

• Update loan data and documentation in our Loan Origination System (LOS) to ensure timely, accurate and detailed records.
• Manage loan pipeline for both efficiency and compliance to internal standards and/or SLA.
• Obtain, review, and organize files necessary for borrower entity, property, and loan documentation, including, but not limited to entity documentation, sponsor financial statements, construction budgets, plans and permits.
• Order, review and organize third-party documentation, including property profiles, title insurance, credit reports, tax transcripts, credit supplements, property questionnaires, subordination requests, and title work.
• Facilitate and support interactions between Sponsor applicants, loan officers, agents, and underwriters toward a timely approval, closing and funding.
• Recommend and implement best practices as part of Ascent"s dedication to creating an industry-leading customer experience.Your Skills and Experience
  • Experience in both Residential Construction and commercial CRE operations, risk assessment and QC, preferably in a financial services or lending institution.
  • Familiarity with business purpose and/or construction loan underwriting.
  • Good knowledge of operational risk and loan processing workflows.
  • Exceptional attention to detail and adherence to internal standards.
  • Strong interpersonal and written communication skills.
  • Proficiency in financial software tools, including standard LOS and servicing platforms.The PayHourly rate for this position is $28.85 - $36.06 with an additional per-loan bonus.The Work Environment
    • This role works on-site from Ascent"s Encino office, Monday - Thursday (Fridays are work-from-home).
    • Full-time, 40 hours per week; must be available for occasional overtime.
    • Some nights and weekends required.Ascent's BenefitsWe offer a comprehensive benefits package designed to support your health, well-being, and work-life balance. Our benefits include five health plans, two dental plans, health savings and flexible spending accounts, vision coverage, a 401(k) plan, and other optional benefits to choose from. Ascent's PledgeWe pledge to be fair and considerate in hiring and promoting individuals, ensuring everyone can contribute their fullest potential regardless of background, identity, or personal circumstances. By promoting equal opportunity, we not only enhance our workplace but also contribute to a more just and equitable society. At Ascent, we stand united in building a community where everyone is empowered to succeed. Thank you for joining us on our journey towards a more inclusive future.PIc9d304418dfb-37820-37465409

Keywords: Ascent Developer Solutions, Irvine , Business Purpose Loans Processor, Other , Los Angeles, California