Loan Officer

The Loan Officer is responsible for assisting customers with researching loans and navigating the application, approval and settlement process. The Loan Officer’s duties include making recommendations on loan options to clients, explaining their terms, and assessing risks based on the client’s credit and processing documentation.    General Responsibilities  Identify, develop and maintain a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities.  Advise clients about the risks, consequences, and benefits of alternative lending solutions.  Provide an assessment of credit risk by analyzing individual credit/loan application for adherence to guidelines, policies and procedures determined by investors.  Use state of the art technology to manage loan pipeline and conduct credit analysis.  Maintain an active knowledge base of all of the organization’s loan products and an understanding of the qualifications required of each applicant.  Review active loan files to determine if any documentation is missing and request, if necessary.  Maintain open communication between processors, underwriters and closers.  Communicate with builders/realtors on loan status on a continual basis.  Network with local realtors and business associations.  Attend bi-weekly loan officer meetings.  Education and Experience  Current, active NMLS license.  4-year college degree preferred.  Knowledge of SAFE Act.  Experience with Encompass / Optimal Blue / DU & LP, preferred.  Skills and Qualifications  Strong time management skills, including ability to accurately prioritize tasks and handle multiple tasks simultaneously in order to meet deadlines.  Ability to read, analyze and interpret financial documents.  Strong sense of urgency and responsiveness along with the ability to demonstrate professionalism.  Strong command of technology including loan origination software and Microsoft Office Suite.  Strong written and verbal communication skills.