Loan Processor - Life Insurance Premium Financing
Job Overview
We are seeking a meticulous and detail-oriented Loan Processor and Credit Analyst to join our premium financing team. This role is vital in managing the entire loan process, from gathering clients financials to compiling loan packets for lenders. The ideal candidate will have expertise in cash value life insurance as it serves as the primary collateral in financing. The candidate must demonstrate excellent organizational skills, attention to detail, and clear communication with clients, advisors, and banks. A proactive problem-solver with a focus on quality assurance is essential.
Responsibilities
Rate Indications & Engagement Fees:
Distribute rate indications and loan offers to financial advisors.
Collect and verify engagement fees, ensuring all associated costs are accurately accounted for.
Document Collection & Loan Packet Preparation:
Gather financial documents from clients and advisors, ensuring completeness and accuracy.
Compile, organize, and prepare comprehensive loan packets for submission to banks, customized to each lenders requirements.
Ensure clear, proactive communication with clients and advisors throughout the loan process, keeping them informed of progress.
Loan Processing & Quality Control:
Conduct detailed quality checks on all loan packets to verify accuracy and completeness of documentation before submission.
Review loan documents from lenders, ensuring compliance and accuracy in terms of requirements and collateral management.
Client & Bank Coordination:
Serve as the primary liaison between clients, financial advisors, and banks, ensuring seamless communication and process alignment.
Coordinate document signings, ensuring the timely collection of all required signatures.
Collateral & Interest Management:
Pre-negotiate collateral terms, particularly concerning cash value life insurance, to secure favorable terms for clients.
Track and confirm interest payments, ensuring all payments are accounted for accurately.
Premium Funding Management:
Oversee the wiring of premium payments from banks to insurance carriers, ensuring no delays in policy issuance.
Confirm receipt of premium payments with insurance carriers.
Experience
Proven experience in loan processing, credit analysis, or related financial services.
In-depth knowledge of cash value life insurance and its role as collateral in premium financing.
Strong organizational and time management skills.
Ability to handle multiple tasks and deadlines in a fast-paced environment.
Excellent communication skills, both verbal and written, with the ability to maintain professional relationships with clients and partners.
Problem-solving mindset with a proactive and efficient approach.
Proficiency with Google Workspace tools and loan management software.
Company Values
At PFLI, we operate by our core values:
Transparency: We provide comprehensive, clear information and data to support decisions.Proactive: We plan ahead, share the plan, and answer questions before they arise.
Positive: We focus on possibilities, using challenges as guidance for improvement.
Grateful: We appreciate our team members, clients, partners, and the unique opportunities we have.
Efficient: We respect time and focus on swiftly identifying viable paths forward, ensuring no unnecessary delays.Join our team as a Loan Processor and contribute to helping clients achieve their financial goals through effective loan management!
Job Type: Full-time
Benefits:
Flexible schedule
Paid time off
Schedule:
8 hour shift
Monday to Friday
Work Location: Remote
Apply Now
We are seeking a meticulous and detail-oriented Loan Processor and Credit Analyst to join our premium financing team. This role is vital in managing the entire loan process, from gathering clients financials to compiling loan packets for lenders. The ideal candidate will have expertise in cash value life insurance as it serves as the primary collateral in financing. The candidate must demonstrate excellent organizational skills, attention to detail, and clear communication with clients, advisors, and banks. A proactive problem-solver with a focus on quality assurance is essential.
Responsibilities
Rate Indications & Engagement Fees:
Distribute rate indications and loan offers to financial advisors.
Collect and verify engagement fees, ensuring all associated costs are accurately accounted for.
Document Collection & Loan Packet Preparation:
Gather financial documents from clients and advisors, ensuring completeness and accuracy.
Compile, organize, and prepare comprehensive loan packets for submission to banks, customized to each lenders requirements.
Ensure clear, proactive communication with clients and advisors throughout the loan process, keeping them informed of progress.
Loan Processing & Quality Control:
Conduct detailed quality checks on all loan packets to verify accuracy and completeness of documentation before submission.
Review loan documents from lenders, ensuring compliance and accuracy in terms of requirements and collateral management.
Client & Bank Coordination:
Serve as the primary liaison between clients, financial advisors, and banks, ensuring seamless communication and process alignment.
Coordinate document signings, ensuring the timely collection of all required signatures.
Collateral & Interest Management:
Pre-negotiate collateral terms, particularly concerning cash value life insurance, to secure favorable terms for clients.
Track and confirm interest payments, ensuring all payments are accounted for accurately.
Premium Funding Management:
Oversee the wiring of premium payments from banks to insurance carriers, ensuring no delays in policy issuance.
Confirm receipt of premium payments with insurance carriers.
Experience
Proven experience in loan processing, credit analysis, or related financial services.
In-depth knowledge of cash value life insurance and its role as collateral in premium financing.
Strong organizational and time management skills.
Ability to handle multiple tasks and deadlines in a fast-paced environment.
Excellent communication skills, both verbal and written, with the ability to maintain professional relationships with clients and partners.
Problem-solving mindset with a proactive and efficient approach.
Proficiency with Google Workspace tools and loan management software.
Company Values
At PFLI, we operate by our core values:
Transparency: We provide comprehensive, clear information and data to support decisions.Proactive: We plan ahead, share the plan, and answer questions before they arise.
Positive: We focus on possibilities, using challenges as guidance for improvement.
Grateful: We appreciate our team members, clients, partners, and the unique opportunities we have.
Efficient: We respect time and focus on swiftly identifying viable paths forward, ensuring no unnecessary delays.Join our team as a Loan Processor and contribute to helping clients achieve their financial goals through effective loan management!
Job Type: Full-time
Benefits:
Flexible schedule
Paid time off
Schedule:
8 hour shift
Monday to Friday
Work Location: Remote
Apply Now