Loan Processor

Loan Processor - Either Onsite in – Irvine, CA – Remote option available

Center Street Lending is one of the largest lenders for residential transition (fix/flip) and ground up loans for residential investors. Since its founding in 2010, Center Street has originated over $7.5 billion of fix/flip, ground-up, bridge and multi-family loans across 40 states. Center Street Lending provides expert guidance, fast approvals, speedy funding, and personalized in-house service that helps it retain one of the highest customer satisfaction ratings in the industry with 4.8/5.0 google stars. We provide tailored financial solutions designed to meet the unique needs of real estate developers and residential investors.

Center Street Lending is proud to be a registered “Great Place to Work”, listed on the 2025 #Inc 5000 list of fastest growing companies and featured in Scotsman Guide’s Top Lenders publication since 2023.

Website: www.centerstreetlending.com

Duties & Responsibilities:

• Familiar with business purpose lending and familiar with documents such as entity agreements, feasibility reports, insurance declaration pages and title work
• As Loan Processor, you will support the Production team by applying your skills in the loan funding process. Some responsibilities include:
• Provides excellent customer service and communication in a fast-paced environment while displaying the ability to multitask.
• Work cohesively with Underwriters, sales partners, and external customers.
• Responsible for all internal and external communication throughout the loan process and funding for each loan within your pipeline.
• Orders third party vendor reports required per policies, procedures, and lending guidelines.
• Reviews and analyzes all loan documents including appraisal, assets, personal and/or business financials, credit, background, escrow, purchase contract, construction/budget documents and preliminary title reports ensuring acceptance and adheres to company policies and procedures and product guidelines in a timely manner.
• Submits quality processed file to underwrite for initial review and/or clear to close decisions. Follows up on any outstanding loan conditions after initial underwriting decision.
• Takes initiative with a clear business mind providing problem-solving solutions with a collaborative approach with all parties associated with the loan, before, during and after closing.
• Escalates loan exceptions to management or Credit Committee for review and final decision outside of authority or as designated in the lending guidelines.
• Maintains an accurate active pipeline with knowledge of loan details.
• Upon Clear to Close prepares and delivers loan documents to escrow and/or closing agent for signing.
• Reviews executed loan documents prior to submitting for Pre-Fund QC review.
• Ensures prior to funding conditions have been met.
• Acts as a Team Player with all internal and external customers.
• Adheres to established SLA’s.
• Maintains an average pipeline of 25+ loans & funds 20+ loans per month.

Qualifications:

• Proven working experience in a loan processor role. At least 3 years’ experience in loan processing.
• Knowledge of mortgage terms, compliance disclosures, and standard credit documentation
• Strong written and oral communication skills.
• Must be detail oriented. / Proficiency with Encompass (preferred)
• Proficient in MS Office (Word, Excel, Outlook and PowerPoint, Outlook, etc.)

Education:

Bachelor's degree preferred.

Compensation:

Hourly $33.65 - $36.06 + Bonus structure $50.00 Per file closure

Benefits:

• Full-time
• Paid time off/Health insurance/Dental insurance/Vision/401k plan