Licensed Loan Partner

Job Description

Scope / Purpose of the Position Assist designated Mortgage Loan Originator(s) in growing their business through a combination of marketing, sales, and administrative responsibilities.

Key Responsibilities and Essential Functions

Loan Assistance Assist the Loan Officer in the pre-qualification process for potential borrowers including but not limited to : Conducting an applicant interview and full completion of the 1003 loan application, completion and client review of the GFE and Closing cost worksheet, obtain and review of in-file credit reports, and recommendations and / or advice on loan program eligibility.

Review and analyze requested income and asset documentation to determine prospects ability to repay. Review all additional documentation needed to determine prospect also meets product guidelines prior to issuance of a pre-qualification letter.

Ensure each file meets file quality and completion standards set forth by Regional Guidelines prior to submitting for client disclosures to be disbursed.

Submit file to Disclosure team within 24 hours from complete loan package.Performs necessary follow-up with the borrower and / or the loan referral source (realtor, builder, etc.

to ensure the timely receipt of any missing documentation needed to meet file submission standards required by the file set-up team and the loan processing department.

Review and complete upload of all documentation into the Blitz-docs system and re-run DU / LP to ensure borrower qualifications.

Maintain communication with the borrower and the loan referral source regarding any change of loan status as it pertains to documentation needs in cooperation with the assigned loan processor, milestone touch-points (Processing, Underwriting, Approval, Clear to close), and milestone to ECD (Estimated Closing Date) in the effort to properly manage expectations in meeting loan commitment and closing dates.

Administration Act as a liaison between the Loan officer and Processor for all matters related to each file. Conduct a daily Brief and Debrief meetings / calls with designated MLO to review full pipeline and set daily strategy / initiatives.

Conduct a weekly or as needed pipeline meeting / call to identify file progress or issues that need to be addressed.Contact borrower and referral source a minimum of 48 hours prior to closing to review the preliminary HUD-1 settlement statement from the attorney / processor.

Marketing Support : Provide marketing / business development support as needed which may include but is not limited to the following : Coordinate relationship building functions and / or events;

Maintain CRM database and overall drip campaign;Coordinate monthly mailers as needed;Maintain and manage MLO Social Media Campaign;

Establish a variety of effective marketing techniques for maintaining business relationships with active and prospective referral sources;

andCoordinate efforts with the Regional Marketing Associate as needed to assist in event planning and the creation of new marketing materials to support MLO's relationship building efforts.

Work Experience and Knowledge, Skills and Abilities

Knowledge of FNMA, FHLMC, FHA and VA product guidelines but not required.

Excellent analytic skills, attention to detail, and ability to work within time constraints.

Excellent level of oral and written communication skills; Ability to communicate across a variety of audiences.

Intermediate level of computer skills and the ability to function in a windows environment utilizing Outlook, Word and Excel.

Professional and effective interpersonal skills; Solid decision-making skills with display of professionalism in maintaining confidentiality.

Ability to build strong relationships with internal business partners to achieve success.

Ability to rapidly acquire detailed knowledge of departmental policies, practices and procedures.

Strong time management skills, fast learner, self-motivated, and comfortable taking initiative and handling multiple projects simultaneously.

Committed to taking responsibility and ownership for agreed actions and delivery.

Reports to work on a daily and timely basis.

Minimum Qualifications

Must be federally and State licensed as a Mortgage Loan Originator in the states where business will be conducted.