Associate Loan Officer

Guaranteed Rate • Sandy, UT

7d • Onsite

About The Position

The central focus of an Associate Vice President of Mortgage Lending (AVP) is to support one or more Vice President(s) of Mortgage Lending (VP) with a variety of tasks related to increasing their production, efficiency, and quality of work. An AVP's tasks are divided between 3 important components including 1) Loan Origination on behalf of the VP(s) they support, as well as independently originating business from new sources; 2) Pre-application through post-closing client interaction, including taking of applications and Loan data entry into the operating system, Encompass; 3) Market and otherwise assist the VP execute their business plan and growth strategy.

Requirements

• AVPs are required to be actively license and sponsored by the company and must mirror the licensing footprint of the VP(s) they support.
• All pricing elements including the CO, Cap, etc. must also match the VP(s) they support.
• Excellent customer service skills and strong work ethic
• Exceptional verbal and written communication and listening skills with ability to communicate with multiple levels of management and influence others
• Ability to work a fast-paced environment that will require strong organizationals skills and analytical acumen
• Excellent time-management skills and follow up and follow through with ability to multitask and meet deadlines
• Familiarity with mortgage industry and GRI loan processes
• Ability to multi-task with strong attention to detail while meeting deadlines in a fast-paced environment
• Proficient in Microsoft Office Suite including Outlook, and loan origination system (preferably Encompass)
• Ability to think strategically to solve problems or challenge with loan files

Responsibilities

• Taking applications from the VP's clients in person and by phone, performing required and permitted licensable activities, and otherwise supporting origination activity
• Take applications, independently sourcing, and originating loans, and performing other permitted licensable activities to generate new business and origination opportunities
• Ensuring applications are complete and entering notes into the file for processing as directed
• Prepare preapproval letters after qualification according to company policy
• Phone and email support including checking messages, returning calls, and correspondence to maintain organized files and work environment
• Maintaining calendars and scheduling meetings, closing and creating calendar invitations, and following up timely with customers and potential borrowers
• Monitor the loan from application through the closing process, maintaining effective communications with customers, referral sources, and loan support staff
• Pipeline Inspection: review the pipeline to check for challenges and assess daily turn times to minimize lock expirations, missed contingency, and scheduled close times
• Lock, update, change, or extend investor locks with Commitment Desk as necessary
• Change/extend loans and request pricing expectations as needed or requested
• Track and approve CDs for closing and educate borrowers on process and terms
• Obtain and track CDs, check final numbers, and call borrowers with the dollar amount necessary to close
• Database management including coordinating monthly correspondence to borrowers who recently closed a loan
• Coordinate with the Marketing Department to create marketing materials for agents
• Complete tasks in a timely manner and work amicably with others and the POD
• Other duties and responsibilities as assigned

Benefits

• company-sponsored 401(k)
• vacation benefits
• medical, dental, and prescription drug benefits
• vision benefits
• flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts)
• life insurance and death benefits
• critical care insurance
• personal accidental insurance
• commuter benefits
• pet insurance
• certain time off and leave of absence benefits
• well-being benefits (e.g., employee assistance program)
• other supplemental benefits (e.g. legal planning assistance; identity theft protection; pet insurance; wellness resources)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed