Loan Officer

Panorama Mortgage Group LLC•Norcross, MN

About The Position

The Outside Loan Officer sources, qualifies, and originates mortgage loans, working primarily outside the Company’s offices to solicit business from referral sources such as realtors, builders, and financial service providers, as well as directly from borrowers. The Loan Officer determines their own working hours and is not required to work a specific number of hours per week; work is performed at their discretion. The role includes taking prospective borrowers’ information and completing loan applications; analyzing income and debt to pre-qualify borrowers and establish affordable mortgage amounts; and educating borrowers about the home-buying and financing process, available loan products, closing costs, and potential monthly payments. The Loan Officer maintains communication with borrowers, realtors, brokers, and the Company from application through closing, gathers required financial documents, and carries out applicable credit-report and flood-area checks. Attendance at loan closings may be requested by the Company. The Loan Officer is expected to produce loans against manager-set targets, uphold the Company’s brand, monitor pipeline and productivity using Lenders Office and reporting tools, and comply with government, regulatory, and Company requirements. Compensation may not exceed the amount negotiated in the Loan Officer Compensation Agreement. Other duties may be assigned.

Requirements

Current NMLS license in good standing.
Knowledge of Freddie Mac (FHLMC), Fannie Mae (FNMA), FHA, and VA.
Two years of prior mortgage or mortgage banking experience.
Ability to deliver effective results and meet deadlines.
History of exceeding sales goals.
Reliable transportation, a valid driver’s license, and current automotive insurance.
Sound judgment and decision-making skills.
Ability to work under pressure and meet deadlines with minimal supervision.
Excellent phone and customer service skills.
Ability to develop and maintain relationships within the real estate community.
Timely communication and response times according to department standards.
Ability to comply with the policies and procedures outlined in the Company Handbook.

Nice To Haves

English is preferred; bilingual English/Spanish is desired.

Responsibilities

Comply with outside sales and reporting obligations, duties, requirements, and guidelines.
Produce loans according to targets set by the manager.
Uphold the integrity of the brand.
Properly qualify consumers and issue pre-approvals according to guidelines.
Monitor the loan pipeline through Lenders Office and productivity through reporting tools.
Ensure compliance with government and regulatory requirements and Company policies and procedures.
Take prospective borrower information and complete loan application forms.
Set yearly goals and attend meetings with the manager.
Educate borrowers and communicate regularly with borrowers, listing brokers, and selling brokers.
Analyze prospective borrowers’ income and debt and pre-qualify them to determine the maximum affordable mortgage amount.
Explain the home-buying and financing process, available loan products, and differences in closing costs and monthly payments.
Maintain contact with borrowers, realtors, and the Company between application and closing to provide status updates and gather additional information.
Collect financial information and related application documents, including tax returns and bank statements.
Order a credit report in the file when required by the Company.
Determine whether a property is in a flood area when required by the Company.
Attend mortgage loan closings if requested by the Company.
Keep compensation within the amount negotiated in the Loan Officer Compensation Agreement.
Perform other duties as assigned.