Mortgage Loan Officer
Position Overview
:
Loan Officer is responsible for originating mortgage loans by meeting with potential borrowers to determine appropriate product, obtain proper documentation and follow through with the entire loan process.
Essential Duties and Responsibilities:
- Originate quality conventional mortgage and home equity loans.
- Manage customers through the entire loan process, from data collection and analysis through loan conclusion while maintaining positive customer relationships.
- Collect and analyze information regarding customer income, assets, investments and debts to include multifaceted or complex borrowers.
- Submits completed loan application and supporting documentation to the processing department.
- Present the advantages and disadvantages of different financial products to determine the best option for each customer’s financial situation.
- Set proper customer expectations and provide timely status updates to ensure a positive customer experience.
- Build network and community relationships, aggressively promoting Exponential Mortgage to real estate agents, builders, developers, financial planners and other referral sources
Qualifications and Experience
- Bachelor’s degree in Business or Finance preferred
- A minimum of 2 years of mortgage origination experience with a proven track record of success
- An active NMLS license required
- Strong relationship-building skills
- Familiarity with current lending regulations
- Must be self-motivated and have an ability to work independently as well as in a team setting
- Excellent attention to detail
- Ability to work in a fast paced, fluid environment.
- Strong communication, interpersonal and organizational skills.
- High integrity and confidentiality required.
Mortgage Loan Processor
Essential Duties and Responsibilities
- Processes and completes loan files for underwriting assuring the accuracy and completeness of all files. Works with loan officers and underwriters to expedite the path to closings.
- Prepares and coordinates all supporting documentation for each loan, i.e., complete application, debt-to-income calculation, credit report, proof of income, title, and all other items necessary for closing. Reviews and evaluates client documents and clears all approval conditions.
- Coordinates all activity related to loan processing, which includes obtaining verifications, appraisals, title searches, work scopes, and counseling certificates. Communicates with borrowers, loan officers and lenders regarding required information and status of loan file.
- Process and tracks loans from the beginning through the closing with the Encompass loan
- Ensures legal compliance of all loans, including TILA and RESPA requirements, and assures quality of loan submissions to investors in accordance with guidelines.
- Such other tasks and responsibilities as may be assigned by management.
Minimum Qualifications:
- College degree or comparable Accounting or Business Certificate preferred. Three to five (3-5) years’ experience processing residential loans.
- Detail oriented and excellent oral and written communication skills.
- Proficient in Microsoft Office software and Mortgage Loan Origination software (Encompass).
- Must be able to perform basic mathematical calculations and the ability to solve problems and resolve issues independently.
- Possess an understanding of Fannie Mae and Freddie Mac guidelines and be able to understand different product guidelines, including rehabilitation loans and grants.
- Experience working with low-to-moderate income populations, and / or community outreach.
- Background in housing, property management, and tenant/community organizing preferred.
Knowledge, Skills, Abilities and Other Characteristics
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- Communication: strong interpersonal and communication skills, actively listens to needs of callers and presents ideas and thoughts clearly and concisely.
- Critical Thinking: Uses logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
- Positive Attitude: Finds the most effective and efficient way to complete tasks, regardless of obstacle, while continually offering support to peers through quality teamwork.
- Flexibility/Adaptability: able to accept change and engage it.
- Active/Continuous Learner: recognizes own strengths and weaknesses and actively seeks skills, techniques, and methods to develop and enrich.
- Multitask: excellent time management and organizational skills
- Strong computer skills with experience in Microsoft Word, Outlook, and Excel.
Please email us at info@exponentialmortgage.com