Builder Loan Consultant

loanDepot (NYSE: LDI) is a digital commerce company committed to serving customers throughout the home ownership journey, revolutionizing the mortgage industry with a digital-first approach.

About the role

The Builder Loan Consultant cultivates loan referrals through the builder, examines, evaluates, and documents customer applications for credit approval on real estate loans, and maintains the operational standards set forth by the builder.

Responsibilities

• Engage in managing the loan pipeline with all team members to meet company efficiency standards.
• Meet with borrowers to determine the best loan program for individual needs after analyzing income, assets, credit, and property.
• Collect all required documentation from borrowers and convert to paperless documents.
• Prepare and submit loan submission sheet to set up.
• Read and understand rate sheets, product codes, and loan level price adjustments to calculate rates and fees.
• Negotiate and confirm rates, fees, and lock terms with customers.
• Lock loans in the system with agreed-upon terms and manage the locked pipeline through funding.
• Communicate regularly with borrowers to meet desired expectations.
• Communicate positively and professionally with operations staff throughout the loan process to ensure a smooth closing.
• Maintain minimum productivity goals.

Requirements

• NMLS loan originator license required.
• 1-3 years of Loan Origination experience required.
• Experience originating purchase loans required.
• Builder experience strongly preferred.
• Bilingual in Spanish preferred.
• High school diploma or general education degree (GED) required.

Benefits

• Aggressive compensation package based on experience and skillset.
• Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
• Work with other passionate, purposeful, and customer-centric people.
• Extensive internal growth and professional development opportunities, including tuition reimbursement.
• Comprehensive benefits package including Medical, Dental, and Vision.
• Wellness program to support both mental and physical health.
• Generous paid time off for both exempt and non-exempt positions.