Loan Processor

As a Loan Processor at Premium Merchant Funding, you will engage in several important tasks, including processing and tracking loan applications such as merchant cash advances, term loans, and SBA loans. You will assist sales reps by ensuring all required documentation is collected and maintained while also communicating effectively with clients, sales reps, and lenders throughout the loan approval process. Assessing risk and resolving any customer inquiries will also be part of your responsibilities, allowing you to play a vital role in our operations.

To qualify for the Loan Processor position at Premium Merchant Funding, candidates should possess strong organizational skills and a keen attention to detail. Proficiency in Google Sheets and Microsoft Office is essential, while Salesforce experience is a plus. A background in small business financing will be valuable, along with a degree in Accounting, Finance, or Business. These qualifications will help you succeed in managing loan applications and supporting our sales team effectively.

At Premium Merchant Funding, the work environment for a Loan Processor is inclusive, flexible, and focused on collaboration. Our team thrives in a fast-paced setting where your contributions are recognized and valued. With full-time hours from Monday to Friday, you will experience a supportive atmosphere that encourages professional growth and development. Enjoy working with a dedicated team as you help us enhance financial solutions for small businesses.

Yes, Premium Merchant Funding offers visa sponsorship for the Loan Processor role, provided you are currently located in New York City. This opportunity allows international candidates to join our team and contribute to our mission while gaining valuable experience in the financial industry.

Premium Merchant Funding is committed to the professional development of its employees, including those in the Loan Processor role. We offer comprehensive training programs designed to enhance your skills and knowledge in small business financing and the loan processing field. Additionally, our positive workplace culture encourages continuous learning and provides opportunities for career advancement within the company.

To prioritize tasks effectively as a Loan Processor, I use a combination of organizational tools and a clear understanding of deadlines. I identify which loan applications have the most pressing timelines and ensure that I communicate closely with sales reps to gather necessary documents promptly. By staying organized and maintaining an efficient workflow, I can manage my workload effectively.

In a previous role, a customer was frustrated about delays in their loan processing. I took the time to listen to their concerns and provided regular updates on the status of their application. By maintaining open communication and offering solutions to expedite their case, I was able to turn their experience around and ensure they felt valued and informed throughout the process.

As a Loan Processor, I find Google Sheets and Microsoft Office to be essential tools for managing loan applications and documentation. These tools allow me to organize data efficiently and collaborate easily with team members. Familiarity with Salesforce can also enhance my workflow, as it provides a streamlined way to track client interactions and loan statuses.

When faced with tight deadlines, I focus on time management and organization. I break down applications into manageable tasks, allocate specific time slots for each, and prioritize based on urgency. Staying calm under pressure and leveraging my communication skills to coordinate with sales reps and clients helps me navigate these challenging situations effectively.

Risk assessment in loan processing involves evaluating the potential risks associated with lending to a particular client or business. This includes reviewing financial statements, credit histories, and business plans to determine the likelihood of timely repayment. My approach involves meticulous attention to detail and a thorough understanding of financial indicators related to small business financing.

I have extensive experience handling various types of financial documentation as part of my previous roles. This includes managing and organizing loan applications, ensuring all necessary documents are accurate and complete, and maintaining confidentiality. I understand the importance of documentation in the processing workflow and aim to uphold compliance with all regulations.

I am excited about the opportunity to work as a Loan Processor at Premium Merchant Funding because I admire the company's dedication to supporting small businesses. I believe my skills in organization, customer service, and financial analysis align perfectly with your mission. I am eager to contribute to a positive work culture while helping clients achieve their financial goals.

To stay updated on trends in small business financing, I regularly read industry-related blogs, participate in webinars, and engage in professional networks focused on finance. I also keep an eye on regulatory changes and emerging financing options, which helps me provide the most accurate and up-to-date information to clients and colleagues.

To motivate sales teams while processing loans, I prioritize clear communication and collaboration. I keep sales reps informed about application statuses and any requirements needed from their end. Recognizing their efforts and celebrating successes together fosters a positive environment where everyone feels motivated to work towards our shared goals.

In a situation where a client is unhappy with the loan terms offered, it's essential to listen to their concerns and try to understand their perspective. I would explain the basis for the terms in a clear and transparent manner while exploring alternative options that we might have. Maintaining empathy and effective communication is crucial to finding a resolution and preserving the client relationship.