ZipRecruiter

Log In

1

Loan Processor Assistant Jobs in Puerto Rico (NOW HIRING)

Toyota

Senior Assistant, Collections

San Juan, PR

Agency Referral process * Ensure the cure letter bot is processing every Tuesday and Thursday ... Update and document results in the Repossession System, Loan Servicing System, Host System, and ...

First Bank

OPERATIONS SPECIALIST - WATERFORD

San Juan, PR · On-site

$60 - $80/hr

FPL processing Conduct research to resolve loan requests and issues. Communicates with internal and external customers to provide resolution. Assist in providing coaching and training personnel to ...

New

Cotton

Administrative Assistant

Ponce, PR · On-site

$19 - $20/hr

The Project Administrative Assistant supports project teams by ensuring records are accurate, documentation is complete, and administrative processes are performed efficiently. Key Responsibilities ...

Cotton Holdings

Administrative Assistant

Ponce, PR

$19 - $20/hr

The Project Administrative Assistant supports project teams by ensuring records are accurate, documentation is complete, and administrative processes are performed efficiently. Administrative Support

Deca Analytics

Financial Associate

San Juan, PR · On-site

$60 - $80/hr

The ideal candidate brings a disciplined, process-oriented mindset and has hands‑on experience in ... Fund Operations Support * Assist with loan balance reconciliations and data integrity verification ...

CooperCompanies

Administrative Assistant

Juana Diaz, PR · On-site

$17.50 - $23.50/hr

The Administrative Assistant provides administrative support to the Plant Leader and the site ... Communicates any process changes that may impact Environmental, Health, Safety and Sustainability ...

Cooper Companies

Administrative Assistant

Juana Diaz, PR

$17.50 - $23.50/hr

The Administrative Assistant provides administrative support to the Plant Leader and the site ... processes, reports, meeting summaries, communications, data analysis, and process efficiencies.

UHS

PR

$17.25 - $23.25/hr

In addition, this role contributes to the optimization of administrative policies, processes ... assist other departments as needed. * Manage time effectively by setting priorities aligned with ...

UHS

PR · On-site

$17.25 - $23.25/hr

In addition, this role contributes to the optimization of administrative policies, processes ... assist other departments as needed. * Manage time effectively by setting priorities aligned with ...

Oriental Bank

Associate, Sales & Services

San Juan, PR · On-site

$14.75 - $19.50/hr

Generates new accounts, loans and other products as defined and instructed to assist in meeting ... Receives customers' transactions and process in system, complying with bank instructions, policies ...

next page

Showing results 1-20

All JobsLoan Processor JobsLoan Processor Assistant JobsLoan Processor Assistant Jobs in Puerto Rico

Loan Processor Assistant information

What is a loan processor assistant?

A Loan Processor Assistant is a professional who supports loan processors and underwriters in preparing, reviewing, and organizing loan application documents. Their duties typically include gathering applicant information, verifying data, communicating with clients for missing documentation, and ensuring compliance with regulations. By streamlining administrative tasks and maintaining accurate records, they help facilitate the smooth and timely processing of loans.

What are the key skills and qualifications needed to thrive as a loan processor assistant?

To thrive as a Loan Processor Assistant, you need strong organizational skills, attention to detail, and knowledge of basic loan documentation, often supported by a high school diploma or equivalent. Familiarity with loan origination systems (LOS), document management software, and sometimes industry-specific certifications like NMLS is beneficial. Excellent communication, time management, and problem-solving abilities are crucial for coordinating between clients, loan officers, and underwriters. These competencies ensure accurate processing, timely approvals, and a smooth workflow in the loan application process.

What are the most common challenges faced by loan processor assistants in managing multiple loan files simultaneously?

Loan Processor Assistants often juggle multiple loan applications at different stages, which can make prioritization and organization challenging. Staying on top of tight deadlines, ensuring complete and accurate documentation, and quickly addressing requests from underwriters or loan officers are crucial parts of the role. Effective time management, attention to detail, and strong communication skills are essential for overcoming these challenges and keeping the loan process moving smoothly. Regular collaboration with loan processors, underwriters, and clients helps maintain workflow and resolve any issues that arise.

What is the difference between Loan Processor Assistant vs Loan Underwriter?

AspectLoan Processor AssistantLoan Underwriter
Required CredentialsHigh school diploma; some roles may prefer associate's degreeBachelor's degree in finance, economics, or related field; certifications like ULTA or CUA
Work EnvironmentOffice setting, supporting loan processing teamsOffice environment, evaluating loan applications for approval
Employer & Industry UsageMortgage companies, banks, credit unionsMortgage lenders, banks, financial institutions
Common Search & Comparison IntentUnderstanding support roles in loan processingAssessing loan eligibility and risk

The main difference is that a Loan Processor Assistant supports the loan processing team by handling administrative tasks, while a Loan Underwriter evaluates loan applications to determine approval. The Assistant focuses on document collection and data entry, whereas the Underwriter assesses creditworthiness and risk. Both roles are essential in the mortgage industry but serve different functions within the loan approval process.

How much do entry level loan processor assistants make?

Entry-level loan processor assistants typically earn between $30,000 and $45,000 annually, depending on location and employer. Starting salaries may include benefits such as health insurance and paid time off, and the role often requires basic knowledge of loan processing software and strong attention to detail.

Is a loan processor assistant a difficult job?

A loan processor assistant's job involves reviewing financial documents, verifying information, and supporting loan processing tasks, which can require attention to detail and organizational skills. The difficulty level depends on workload, complexity of cases, and familiarity with loan procedures and software. It is generally considered a moderate role that may require multitasking and adherence to deadlines.

What are the most commonly searched types of Loan Processor jobs in Puerto Rico?

The most popular types of Loan Processor jobs in Puerto Rico are:

What are popular job titles related to Loan Processor Assistant jobs in Puerto Rico?

For Loan Processor Assistant jobs in Puerto Rico, the most frequently searched job titles are:

What job categories do people searching Loan Processor Assistant jobs in Puerto Rico look for?

The top searched job categories for Loan Processor Assistant jobs in Puerto Rico are:

Loan Processor Assistant jobs near you

Analyst, US Loans (Commercial Underwriting & Portfolio Management)

Oriental Financial Services LLC

San Juan, PR • On-site

Full-time

Posted 8 days ago

Job description

OFG Bancorp is a mid-cap, publicly traded, diversified modern financial services holding company with operations spanning Banking, Wealth Management, and Treasury. Our U.S. Banking division encompasses the US Loan Program, a direct and syndicated lending platform that engages with commercial and investment banks across the U.S. and across distinctive industries, focusing on stateside Middle-Market companies, Fund/Lending platforms and Renewable Energy.
At OFG, we make possible the progress of our customers, employees, shareholders, and the communities we serve. Our U.S. Banking Team is committed to this mission ensuring both customers and partners thrive in this modern world, with a culture built on the foundation of our shared purpose, our focus on innovation, and our character. We believe that with teamwork, trust and personality, we can build lasting relationships, delivering true and lasting value.
JOB OVERVIEW:
OFG's US Banking Commercial Loan Program is currently recruiting an Analyst to join their team in the San Juan, PR and Charlotte, NC offices. As a member of the team, the Analyst will play a critical role in growing the US business by assisting in the underwriting of new commercial loan originations across various industries and portfolio management efforts of existing credit relationships. Position works hybrid and reports to San Juan, PR.
MAIN DUTIES AND RESPONSIBILITIES:
  • Provide analytical support in the preparation of new credit underwritings, loan modifications, and periodic credit reviews. This includes core functions such as:
    • Performing all required financial spreads.
    • Building financial models used for valuation and forecast.
    • Assessing and evaluating the credit risk of a prospective or existing borrower flagging early warning signals.
    • Uploading all necessary documentation for credit underwriting and approval.
  • Work alongside the Portfolio Leads and Portfolio Manager in the preparation of regular portfolio reports, industry research, and other strategic initiatives.
  • Stay abreast of news and events that affect the different industries/sectors covered within the US Loans portfolio.
  • Develop and maintain strong relationships with business partners, internal and external stakeholders.
  • Collaborate with the USLP Management Team including its Credit Risk Unit to manage optimal workflow, assist in identifying process breakdowns, and develop internal enhancements.
  • Be responsible for completing annual training programs.
  • Other duties may be assigned.

MINIMUM REQUIREMENTS:
  • Bachelor's degree in Finance/Accounting, Economics, or business related degree required. MBA preferred.
  • One (1)+ years of experience in commercial credit analysis/portfolio management required.
  • Minimum experience requirement can be substituted with the equivalent combination of education, training, and experience.
  • Knowledge of capital markets and commercial/corporate product offerings, including syndicated/leveraged lending desired
  • Strong skills in quantitative analysis, financial modeling, and credit analysis required.
  • Excellent oral & written communication skills in English, being able to communicate at all organizational levels. Proficiency in Spanish would be a plus
  • Ability to work on demanding tasks independently, effectively manage deadlines, and have excellent prioritizing skills.
  • Expertise in computer skills, including but not limited to the Microsoft Office suite required. Moody's Credit Lens, and other financial software tools such as Pitchbook and S&P Capital IQ strongly preferred.

WORK AUTHORIZATION & ELEGIBILITY:
  • Legally authorized to work in the US is required. This position is of indefinite duration and requires candidates to have permanent or ongoing work authorization.
  • Employee is responsible for maintaining eligible work authorization throughout his tenure with the organization.

Oriental is an Equal Opportunity Employer (EEO/Affirmative Action for Veterans/Workers with Disabilities)
Recruitment Privacy Statement
Compliance Posters
#LI-Hybrid

Apply