NMLS Licensed Loan Officer Assistant - 9176 All Mortgage Funding
About The Position
The licensed Loan Officer Assistant is responsible for the day-to-day, full cycle of reviewing loan applications and completing administrative task in support of the Team. This includes checking important loan details and requirements before submitting all documentation to the lender, cost estimates for borrowers, provide necessary information to the relevant parties, and redirect questions to the appropriate departments. Providing these services in an effective and efficient manner will ensure the loan records are accurate and up to date and closed on or before the due date.
Requirements
- Must have an active NMLS License or is in the process of attaining the NMLS license within 60 days of employment.
- High School diploma or equivalency degree
- 3 years of prior mortgage lending experience - Required
- Solid knowledge and understanding of conventional, government (FHA/VA), and Jumbo loan requirements
- Solid knowledge and understanding of state and federal real estate lending regulations
- Solid knowledge and understanding of customer service and intrapersonal best practices
- Proficient with Microsoft Office, Adobe, and Encompass Loan Origination System.
- Strong interpersonal skills; ability to develop and maintain cooperative working relationships with others.
- Excellent written and verbal communication skills.
- The ability to work in a high volume fast paced environment; the ability to work independently and in a team environment.
- Ability to exercise good judgment, decision-making, and problem-solving skills.
- Maintain confidentiality and a professional demeanor.
- Excellent organization skills; ability to set priorities, multi-task and work under pressure to meet changing deadlines while maintaining quality of work.
- Must be willing to work a flexible schedule as needed.
Responsibilities
- Runs and prints a MI quote (if applicable) to put in the file
- Gathers all initial documentation from client
- Requests loan disclosures once a contract is received
- Submits loan to processor within 24 hours of receiving signed disclosures
- Finishes the processing milestone in Encompass & sends all documentation to processing in an email, along with a brief intro to the file (things to be aware of etc.)
- Makes sure we have all the basics in the file when turning it over to the Processor (Tax returns, ID’s, SS cards, 1099’s/W-2’s, Bank statements, Retirement accounts, Bankruptcy paperwork, pension awards letters, SS awards letters, DD214’s, all explanation letters for deposits, etc.)
- Locks Loans (informs processor when loan is locked) so it can be re-disclose
- Responds to customers’ general questions regarding policy and procedures in the absence of the Loan Officer
- Has a weekly meeting with the processor to go over status on all files
- Updates customers, real estate agents, and titles companies on the loan’s progress
- Monitors the loan through close
- Maintains Loan Officers’ databases of customer information
- Assists Loan Officers with marketing campaigns through mail, email, and internet
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
