Fundwell

Loan Processor

• Own every file from submission to funding
• Intake submissions from brokers and direct merchants and check applications, bank statements, and identification for completeness
• Chase missing documents
• Package files for underwriting
• Clear conditions to fund, including voided checks, proof of ownership, driver licenses, landlord or mortgage verification, tax returns, payoff letters, and underwriter stipulations
• Verify bank logins, business entities and good standing, ownership matches, OFAC screening, and identities
• Identify altered statements, mismatched ownership, and other fraud signals and escalate them
• Prepare and send contracts for signature
• Review executed documents and correct errors
• Run funding calls with merchants and confirm terms, payment amounts, and schedules
• File UCC financing statements and set up payment schedules with servicers or payment processors
• Release wires and confirm receipt
• Send broker and merchant funding confirmations
• Maintain statuses, conditions, notes, and documents in the system of record
• Coordinate payoffs and balance letters on renewals and consolidations
• Work with product and engineering to automate repeatable workflow tasks
• Report to the Managing Director
• Meet speed-to-fund and accuracy targets while minimizing files returned with problems

Explore Loan Processor – Small Business Funding at Fundwell. Review requirements and application details.