Loan Partner II

NFM Lending • Seattle, WA

75d • $31 - $36

About The Position

Our Loan Partner IIs pre-qualifies consumers, research client scenarios for prospective clients with underwriter, assist with looking at investor guidelines (terms & conditions), sends disclosures, organizes assets/incomes, and turns file into processing. The LPIIs are responsible for assisting in generating and developing business from loan applicants with a variety of financial needs. Licensed LPII's can take an application as long as they are licensed in the state that the consumer is in.

Requirements

• Regularly follows up with potential applicants via telephone, email, or written correspondence to ensure each applicant understands each program.
• This position may require occasional overtime and travel.

Responsibilities

• Deliver WOW service Contract to Close.
• Develop 10 Realtor relationships.
• Input and submission of quality files to include complete 1003 and supporting documentation (i.e. income, assets, liabilities and credit), along with proper expectations of processing flow.
• Effectively communicate, work with, and build relationships with all levels of constituents including culturally and linguistically diverse staff members and external candidates and/or vendors, while operating in a fast-paced customer service driven environment.
• Work with Loan Originators to maintain sales contact and pipeline throughout the entire loan process.
• Lock loan terms.
• Go on sales call with Loan Originator once per month.
• Attend signings as needed.
• Attend sales meetings and team meetings.
• Assist with putting scenarios together for prospective clients.
• Research client scenarios with underwriting and investor guidelines.
• Contact potential customers via telephone and email when necessary.
• New contacts introduction to realtors via email.
• Developing and maintaining realtor relationships by setting up lunch and learns and happy hours every month, calling them weekly, and managing an email program for your realtor list.
• Send realtors and borrowers status updates weekly via phone calls and email.
• Submit loan applications with recommendation for underwriting approval.
• Contact credit bureaus, employers, and other sources in order to check applicants' credit and personal references.
• Check value of customer collateral to be held as loan security.
• Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
• Assist in structuring, presenting, and selling the loan to customers.
• Send disclosures with updated needs list (get returned within 48 hours).
• Assure final paperwork is received/ Do a QC review: Be sure docs received matches checklist.
• Organize assets/income.
• Mortgage banker checklists/Quality Assurance Checklists.
• File turned into processing within 24 hours of receipt.
• Collects required borrower information to recommend appropriate products or programs.

Benefits

• Competitive compensation package
• Eligibility to participate in Total Rewards program
• Incentives such as per-file bonuses and discretionary bonuses

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 251-500 employees