Processor

🕒 July 18

🌽 Illinois – Remote

🌽 Illinois – Remote

💵 $50k - $55k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

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Rate

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

Founded 2000

💳 Fintech

💸 Finance

💰 Private equity on 2018-01

Fintech • Finance

Rate is a consumer-facing finance brand (likely a fintech) whose website CSS contains explicit credit-related variables and UI tokens. The available site stylesheet includes color variables named for credit tiers (credit-poor, credit-fair, credit-good, credit-excellent) and many design tokens for rates, marketing, and status indicators — indicating Rate offers digital experiences around credit scoring, rates, or other personal finance metrics. The styling and tokens suggest a polished web product focused on presenting financial/credit information to users rather than hardware or non-financial services.

📋 Description

• Your primary focus is the swift transition from the VP sale to the UW submission then ultimately to CTC and submission to closing. • Process the file to satisfy investors and GR UW guidelines. • Work with the team to communicate with the borrower and other interested parties to ensure a transparent loan process. • Follow up, restate expectations, and track important dates and orders, all within your expected 'Time to Task.' • Note VP directives and review all details of loan file. • Request, retrieve and review all borrower supporting documents and follow up with borrower as necessary. • Collect application fee upon receipt of signed disclosures and borrowers' intent to proceed. • Process remaining third party orders. • Update Encompass and re-run AUS as necessary to ensure approvability. • Organize the file for complete and proper UW submission. • Once approved, prepare and send the initial/conditional Loan Commitment Letter to the borrower and upload to the EFolder. • Work with borrower or third parties to clear conditions and submit back to UW to obtain CTC. • Once CTC, prep file for clean submission to closing. • Review CD with Closing Coordinator and confirm it is accurate. • Confirm timely loan closing. • Confirm loan funding.

🎯 Requirements

• Must utilize Encompass, Outlook and YBR • Organizational skills, a strong sense of urgency and ability to adopt key technology tools are critical to the success of this role. • Product knowledge and underwriting guideline proficiency required. • Customer service and communication skills essential to provide best in class customer service.

🏖️ Benefits

• eligibility to participate in a company-sponsored 401(k) • vacation benefits • eligibility for medical, dental, vision, and prescription drug benefits • flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts) • life insurance and death benefits • critical care insurance • personal accidental insurance • commuter benefits • pet insurance • certain time off and leave of absence benefits • well-being benefits (e.g., employee assistance program) • other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources)