Loan Partner

Griffin Funding•Scottsdale, AZ

1d•$50,000 - $75,000

About The Position

To increase production and pull-through for the loan officer by taking on more advanced responsibilities. The loan partner will be the main point of contact for the client and guide the borrower through the loan process from application to closing.

Requirements

2+ years of experience as a Loan Officer Assistant (LOA), Loan Partner, Processor, Loan Officer, and/or Underwriter required; 5+ years preferred.
Minimum 1-year experience of NONQM, DSCR, BSL, Asset Utilization products
In-depth knowledge of mortgage loan products (FHA/VA/CONV/USDA, NON-QM) and mortgage processes, procedures, and documentation.
Current NMLS license or willingness to obtain one within 90 days.
Understanding of automated underwriting systems such as DU and LP.
Understanding of underwriting approvals and conditions
Ability to analyze credit reports, income, debt-to-income ratios, loan-to-value ratios, and asset documentation and structure loans accordingly.

Responsibilities

All responsibilities of the LPA.
Reviews and organizes borrower documents for submission to underwriting.
Orders verifications (e.g., employment, deposits, IRS transcripts) and other third-party reports (e.g., appraisals, title work).
Tracks file status and communicates with borrowers, processors, and third parties to resolve missing or incomplete items.
Ensures compliance by verifying document accuracy and adherence to regulatory guidelines.
Assists processors with post-underwriting conditions to ensure loans are cleared for closing.
Acts as a liaison between borrowers, Loan Officers, and Processors.
Does a QC review of the locked and disclosed loan.
At the time of lock, the Loan Partner takes over responsibility for the file.
The Loan Partner works directly with the Loan Officer and borrower to gather and submit detailed and accurate loan packages for processing or upfront TBD approvals.
Responsible for the completion of loan applications and the collection of necessary documentation.
In the event supporting documentation does not support the lock structure pitched by the loan officer, the Loan Partner will work to identify alternate solutions and present those options to the loan officer.
Present solutions to the problems, not just the problems.
Prequalifies borrowers runs initial scenarios through Automated Underwriting Systems (AUS), and reviews credit reports.
Actively manages the loan pipeline and ensures files move smoothly to processing and thorough closing. This includes assisting processors in conditions to clear the loan.
Review complex financial documents to verify accuracy and compliance.
Builds relationships with referral partners and borrowers to maintain a seamless experience. This includes a mandatory weekly checkin with all clients by phone.
If licensed, assist in loan restructuring. The Loan Partner will present alternative options directly to the borrower (Level I Restructure) or provide alternate solutions to the Loan Officer to present to the borrower on more complex restructures (Level II Restructure).