Mortgage Loan Officer

TAMMAC HOLDINGS CORPORATION • Wayne, PA

1d • Onsite

About The Position

The Mortgage Loan Officer’s primary task is to communicate with borrowers to secure the details and commitment of a loan for a new or used Manufactured Housing (MH) home loan. The MLO duties will include assisting the borrower throughout the home-buying process, review and analyze customer financial information, submission of application, and monitoring of the overall status of the customer journey and loan process. The MLO must be detail-oriented, aware of current (and changing) market trends and conditions, and have the ability to clearly communicate and negotiate the term, rate, down payment, and APR of the loan offering. The MLO works closely with potential borrowers, brokers, real estate agents, retail and independent MH Dealers, MH Communities, and internal customers including the Underwriting, Sales, Loan Processing, Funding, and Enabling Group teams.

Requirements

• Knowledge of state/federal regulations and company underwriting policies, procedures, and Underwriting guidelines.
• Must have excellent written and verbal communication skills, superb interpersonal and customer service skills, and exceptional decision-making ability.
• Must have a track record of successfully originating various kinds of mortgage and consumer loans, including refinance, real estate, and chattel.
• Bachelor's degree in business, finance, banking, real estate, or a related field.
• Current NMLS License/Registration and State licensure is required within 30-days of hire.

Nice To Haves

• Understanding of loan origination and loan decisioning software such as Encompass (or comparable LOS) is highly preferred.
• one to three years of experience in mortgage origination or residential lending is preferred.
• Manufactured Housing lending experience preferred.
• Bilingual capabilities are a plus but not required.

Responsibilities

• Originate and evaluate mortgage loans according to company guidelines and standards.
• Collect and analyze prospective buyer income, assets and liabilities, background checks, and loan application documents to determine creditworthiness.
• Assist clients with completion of mortgage applications, inspecting completed documents for accuracy and thoroughness.
• Interact with customers, realtors, processors, and underwriters to ensure a smooth and seamless transaction.
• Review the loan process by monitoring loan status, term conformity, and regulatory guidelines.
• Exceed our production standards by maintaining an active and timely pipeline.
• Performs other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level