Loan Officer Assistant - Retail

City National Bank•Los Angeles, CA

About The Position

An external mortgage loan officer assistant (LOA) provides support to one or more mortgage loan officers by handling administrative tasks, assisting in the loan application process, and ensuring smooth communication between all parties involved. The loan officer assistant is responsible for the identification and receipt of all supporting documentation needed in the file as well as coordination with the operational support team to drive a successful customer experience. The LOA is primarily responsible for daily pipeline management, basic communication with the customer and all parties in the transaction, and notification to the senior loan officer of all progress and/or risk items.Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act. Must remain in good standing under the Safe Act.

Requirements

H.S. Diploma
Minimum 5 year of Customer Service experience or financial experience
Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act. Must remain in good standing under the Safe Act.

Nice To Haves

Bachelor's Degree Preferred
Excellent verbal and written communication skills. Must have good analytical skills and the ability to pay close attention to detail.
Utilizes independent judgment under general supervision.
May interact with clients, and occasionally with vendors and other outside lending institutions to obtain information and/or request documents.
Considerable knowledge of the job and the practical application to problems and situations ordinarily encountered.

Responsibilities

Assist the mortgage loan officer with the day-to-day administrative tasks, including managing calendars, scheduling appointments, and handling correspondence.
Prepare and review loan applications and documentations to ensure accuracy and completeness before submission to underwriting
Provide exceptional customer service by addressing client questions and concerns throughout the loan process. Assist clients in understanding the mortgage process and the documentation required comments sharing they feel supported and informed throughout.
organize and maintain files, records, and databases related to the mortgage loan applications
Assists the Loan Officer in submitting conditions, monitoring expiration date on credit commitments.
Contacts borrowers directly for additional information related to loan requests including documentation require to meet conditions necessary to complete the successful closing of the loan.
Provide ongoing support for compliance with all applicable laws, regulations and administrative duties.
Answers calls from borrowers, escrow, title, agents etc. regarding status and general questions throughout the process of the loan.
Maintains a proactive commitment to established Bank programs, such as Customer first, Community Reinvestment Act (CRA) and Equal Employment Opportunity.

Benefits

Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement

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