Loan Officer Assistant

Compensation

: $65,605.00 - $129,320.00 /year *

Employment Type

: Full-Time

Industry

: Financial Services - Banking/Investment/Finance



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  • Reviewing files for adherence to underwriting standards and ensuring completeness of submission.
  • Contact borrower and/or mortgage broker to collect necessary documentation and act as a liaison between origination staff, underwriters, and customers.

Active MLO Licensing Required

**Encompass experience preferred but not required


Essential Requirements:

  • Track key dates of transaction
  • Maintain customer contact to ensure follow-up of the loan application
  • Manage client and referral partner databases
  • Answer customer inquiries relating to locked status, and loan application status to ensure quality customer service.
  • Resolve file problems, bottlenecks, and qualifying issues throughout the production and underwriting process.
  • Provide administrative support in the collection and preparation of submitting loan application with supporting documentation to processing
  • Coordinate, create, track and distribute marketing materials
  • Perform any other reasonable duties required by Element Mortgage or Managing Loan Officer to be performed by the Loan Manager. Tasks include marketing, database management and send and collect 1003, disclosures and supporting documentation from a customer for completion and signatures. Assisting through production and underwriting process. Preparing and submitting a loan application to processing, resolving file issues, conversations with customers, vendors and referral partners. High level of file management and client and referral partner conversations including rate, status and qualifying issues. May perform all Loan Officer duties including, but not limited to:
  • Acting as the primary point of contact for the customer, and keeping the customer informed throughout the process
  • Obtaining an accurate and thorough 1003.
  • Analyzing customer s credit and financial scenario, determining appropriate loan product(s), and obtaining accurate AUS findings
  • Disclosing initial 1003 and disclosures to the customer according to regulations
  • Collecting supporting documentation from the customer
  • Submitting a viable loan to processing
  • Reviewing HUD-1 to ensure fees and cash at closing are consistent with a commitment to customer

LOA Level 1: 2 - 5 years of experience (Preferred)


Associated topics: banker, banking service, loan officer, loan review, loan underwriter, mortgage loan, mortgage loan officer, officer, personal banker ii, personal banker iv * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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