Loan Officer Assistant

Fairway Independent Mortgage • Freeport, NY

366d

About The Position

The Loan Officer Assistant provides essential support to one or more Loan Officers, ensuring the smooth processing and closing of loan applications.

Requirements

• 1+ years of related experience.
• Demonstrated experience using Encompass360.
• Demonstrated experience working with potential clients/borrowers in a sales environment.
• Demonstrated experience in a customer oriented position.
• Solid knowledge and understanding of mortgage lending processes, procedures and regulations.
• Solid knowledge and understanding of a variety of loan programs including Conventional, FHA, USDA, VA and secondary marketing guidelines to manage complex loan level issues.
• Solid knowledge and understanding of mortgage-related terms, such as escrow, taxes, closing documents and insurance.

Responsibilities

• Prepares loan packages by collecting necessary documentation and information from customers.
• Reviews loan files for completeness and accuracy.
• Follows up on missing documents and addresses any conditions.
• Opens escrow accounts, coordinates inspections and appraisals, and determines insurance needs.
• Pre-qualifies customers using automated underwriting systems (AUS).
• Collaborates with processors and escrow officers to facilitate loan closings.
• Answers general customer inquiries regarding policies and procedures.
• Communicates with customers, real estate agents, and title companies to keep them informed about loan progress.
• Coordinates and schedules loan closings.
• Maintains Loan Officer databases.
• Assists with marketing campaigns, including email and direct mail.
• Stays updated on market trends and product knowledge.
• Performs various administrative tasks, such as faxing, emailing, and making phone calls.

Benefits

• Competitive compensation
• Benefits include medical and dental insurance.
• Life and Disability insurance
• Matching 401k
• Employee Stock Ownership Plan
• Paid Time Off plus company-paid holidays
• Employee discounts for wellness, pet insurance, auto and homeowner's insurance, and MORE!

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 1,001-5,000 employees