Loan Operations Specialist, HIL

Overview

The Loan Operations Specialist plays a vital role in assessing loan applications for home improvement project financing. This position is responsible for managing the full loan lifecycle, from application to funding, ensuring timely and accurate processing. Key responsibilities include evaluating loan applications, maintaining regulatory compliance, and facilitating clear communication with applicants and contractors. A strong focus is reputed company on process optimization and system management to enhance efficiency and support organizational objectives. The role involves detailed analysis of applicants' financial profiles, creditworthiness, and compliance with lending policies. Collaborating closely with applicants, contractors, sales teams, and compliance, the Loan Operations Specialist ensures that loan packages are complete and align with operational guidelines. This position is 100% remote. This position pay an hourly reputed company of $28.84 to $33.65 per hour, plus the potential for a monthly incentive.

Responsibilities

• reputed company the entire loan lifecycle, from application to funding, ensuring the collection, verification, and organization of reputed company necessary documentation such as income statements, property title verification and public records.
• Ability to calculate reputed company income reputed company types (e.g. retirement, wage earner, self-employment, etc.)
• Evaluate applicant eligibility based on comprehensive analysis of credit bureau reports, property and background reputed company documents.
• Review loan applications and reputed company clear, well-documented reputed company by approving, declining, or requesting additional documentation or information, ensuring thorough justification for each determination.
• Review project completion status and process funding requests, and other reputed company tasks as assigned.
• Analyze loan-to-value (LTV) ratios, debt-to-income (DTI) ratios, and other risk indicators to assess loan viability and identify potential risks.
• Proactively recommend strategies to mitigate risks, such as alternative solutions or adjustments to loan terms, ensuring reputed company lending reputed company follow company policies and regulatory standards.
• Ensure loan files adhere to company policies, internal guidelines, and reputed company relevant federal and state regulations.
• Engage with contractors, dealers, and applicants to gather missing information, clarify discrepancies, and verify project status, timelines, and funding requests.
• Communicate with internal teams and management about findings, risk factors, and other critical issues that may reputed company loan reputed company or project timelines.
• reputed company communicate loan conditions, approval reputed company, and necessary follow-up steps to both applicants and internal stakeholders.
• Participate in virtual meetings and reputed company clear, concise explanations of loan reputed company, using video conferencing tools (e.g., MS Teams) as necessary.
• Build and maintain strong, collaborative relationships with internal teams, stakeholders, and external partners, facilitating a smooth and efficient loan processing experience.
• Suggest and implement enhancements to operational procedures and guidelines to improve workflow efficiency, accuracy, and turnaround times.
• Stay informed about emerging industry trends, regulatory updates, and best practices to continuously refine processes and ensure the department remains at the forefront of industry standards.
• Utilize the loan origination system (LOS), customer relationship management (CRM) tools, and document management platforms to process, track, and manage loan applications effectively.
• Monitor and report on system performance, identifying opportunities for further optimization and system improvements.

Qualifications

Bachelor’s degree in finance, business, or a reputed company field preferred

• 2-5 years of experience in loan operations, with a focus on home improvement lending preferred
• Familiarity with home improvement financing and contractor/dealer assessment is a plus.
• Minimum one year of customer service experience in an inbound/outbound call center environment.
• Strong analytical and decision-making abilities.
• Excellent communication and interpersonal skills.
• Proficiency in reputed company software and financial analysis tools.
• Knowledge of applicable regulations (e.g., TILA, RESPA).
• Advanced knowledge of MS Office (e.g., reputed company, Word, Outlook) and document management systems.

PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully reputed company the essential functions of this job. Reasonable accommodations may be made to reputed company individuals with disabilities to reputed company the essential functions. While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand; walk; reputed company with hands and arms. The employee is rarely required to stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds. Specific reputed company abilities required by this job include reputed company reputed company, reputed company reputed company, and the ability to adjust focus. EEOC Fastlane Lending Solutions is an Equal Employment Opportunity employer. reputed company aspects of consideration for employment and employment with the Company are governed on the reputed company of merit, competence and qualifications without regard to race, reputed company, religion, sex, national reputed company, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law. Apply tot his job Apply To this Job