Loan Processing Specialist

Loan Processing Specialist

Location: Phoenix
Employment Type: Full-Time
Company: Ignyte by Yrefy, LLC

Salary : $40,000 - $55,000 Yearly plus bonuses

About Us

Ignyte Yrefy is a fast-growing financial services company specializing in third-party education financing. Yrefy Ignyte's mission is to revitalize the American workforce and to make quality education accessible by partnering with colleges, universities, and trade schools to offer flexible lending solutions for students. We're looking for a dynamic and driven Academic Partnership Manager to expand our footprint in the higher education sector.

Position Overview

The Loan Processing Specialist serves as a critical liaison between our lending operations and partner schools. This role ensures smooth communication and resolution of student application issues, supports underwriting processes, and maintains high standards of documentation accuracy. The ideal candidate is detail-oriented, proactive, and passionate about helping students succeed through financial access.

Key Responsibilities

• School Communication & Support
• Serve as the primary point of contact for partner schools regarding student loan application issues.
• Troubleshoot and resolve application discrepancies or delays in collaboration with school administrators and internal teams.
• Provide guidance to schools on documentation requirements and application procedures.
• Loan Processing & Problem Solving
• Identify and resolve issues in the loan processing workflow to ensure timely approvals and disbursements.
• Collaborate with internal departments to streamline processes and improve service delivery.
• Underwriting Support
• Work closely with the underwriting team to ensure all required documentation is complete and accurate.
• Assist in gathering and verifying supporting documents from students and schools to facilitate loan approvals.
• Document Review & Quality Assurance
• Review student loan documents for completeness, accuracy, and compliance with company and regulatory standards.
• Maintain organized records and ensure timely updates in the loan management system.

Qualifications

• Earning a degree or equivalent experience in Business, English, finance, education, or a related field.
• 2+ years of experience in loan processing, financial services, or educational administration preferred.
• Strong problem-solving skills and attention to detail.
• Excellent communication and interpersonal skills.
• Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.
• Familiarity with lending regulations and documentation standards is a plus.

Yrefy takes care of our team members! Benefits include:

• 100% Employer Paid Medical for Employee AND Whole Family (includes the Mayo Clinic)
• 401k/Roth Plan with 4% Match and Immediate Vesting
• Dental Insurance
• Vision Insurance
• Company Paid Life Insurance
• Company Paid Short-and-Long-Term Disability Insurance
• Fully Paid LifeTime Gym Membership (if at least 8 visit days/month)
• Student Loan Repayment Assistance and Education Assistance
• Catered Friday Lunches
• Stocked Snack Kitchens
• Fun in-Office Work Environment
• Opportunity to Work at a Fast-Growing Company
• And More!

Join a team that is making a difference in people's lives... Apply today!