Loan Officer/Loan Officer Assistant

Primary Residential Mortgage•Layton, UT

14h•Hybrid

About The Position

The purpose of this position is to work with clients to collect and verify employment and financial data to complete mortgage loan applications. To proactively solicit new residential mortgage clients, while developing and cultivating a strong business network of referrals. It is the responsibility of a Loan Officer Assistant / Loan Officer to analyze a borrower’s financial and credit data to determine creditworthiness and the probability of financial security in repayment efforts.

Requirements

Basic reading, writing, and arithmetic skills
Strong attention to detail
Strong communication skills, both written and oral
Familiarity with mortgage processes, procedures, rules, regulations, and compliance
Ability to effectively and professionally handle difficult situations that may arise when working with branches/divisions
Ability to multi-task and manage time efficiently
Ability to comprehend and analyze financial information
Ability to effectively communicate and present complex financial information while fielding and responding to questions from applicants, support staff, and management
Knowledge of Microsoft Office and telephone protocol
Familiarity with Accounting terms and procedures (e.g. debits, credits, General Ledgers, etc.)
Ability to pass a required background check

Nice To Haves

Established contact and referral list within the real estate and mortgage industries
Sales experience in the mortgage industry
Ability to type 50 wpm
Reporting Skills
Administrative Writing Skills
Process Management
Organization
Analysis
Professionalism
Problem Solving
Supply Management
Inventory Control

Responsibilities

Contacts applicants by telephone e-mail or in-person meetings to gather financial information, including employment situation, salary, assets, financial status, current debts, and current expenses
Orders appraisal and title and assists in loan application completion
Receives data needed to verify employment length, financial statement accuracy, and collateral asset values
Clears underwriting conditions and reviews closing conditions
Submits application and conditions to the underwriter
Contacts and communicates with loan officers, closers, and underwriters to complete mortgage transaction
Reviews application information, requesting specific supporting documentation as needed/required based on loan investor guidelines
Analyzes and exercises independent judgment and discretion in advancing PRMI’s business objectives and the interests of PRMI’s customers regarding significant financial decisions
Can carry out major assignments affecting business operations of the employer or the employer’s customers through: collecting and analyzing information regarding the customer’s income, assets, investments, or debts; analyzing applicant data, credit and collateral property value; determining which financial products best meet the customer’s needs and financial circumstances; providing advice to the customer regarding the advantages and disadvantages of available financial products; marketing, servicing, or promoting the employer’s financial products
As a Licensed individual, may conduct originating activities as necessary
Originates their own sales by contacting prospective clients
Develops and maintains referral sources
Spends at least one or two hours a day, two or more times a week outside of the office (including a home office), originating loans
Meets with prospective clients at locations other than PRMI’s offices, e.g., client’s home or other locations
Meets with clients in person to sell mortgage loan products/packages
In-person calls outside of the office on real estate agents and brokers, financial advisors, and other potential referral sources to develop borrower leads
Engages in marketing and promotional activities in support of their own sales
Develop new and continued business opportunities and sales leads by cultivating relationships with realtors, builders, bankers, etc.
Completes necessary continuing education in a timely manner and remains current on local developments and trends within the real estate and mortgage industries
Provides origination services in the state of licensure