INEXPERIENCED LOAN OFFICER

Responsibilities

• Collect financial information (e.g. 2 months bank statements, 2 current paystubs, taxes, etc.)
• Evaluate creditworthiness and eligibility for obtaining a mortgage loan
• Interview clients
• Guide clients through mortgage loan options
• Prepare and submit mortgage loan applications
• Ensure data are in line with national and local financial rules
• Monitor and report on application processes
• Inform clients about loan approval or rejection
• Help resolve problems with applications
• Research new mortgage loan policies
• Ensure compliance with privacy laws and confidentiality policies throughout the process
• Build a supportive referral network (e.g. with clients, lenders, real estate agents)

Requirements

• A High School Graduate and must be 18 years and over
• Previous experience in sales or customer support is an asset
• A valid DRE or DBO NMLS license is a MUST
• A Degree in Finance or Business is a plus