The Loan Officer plays an important role in the organization by performing a variety of activities directly related to the company’s Production functions, including providing quality relations with borrowers, completing loan disclosure, and ensuring completeness of submission to processing.
Requirements
- Obtain an accurate and thorough 1003.
- Collect supporting documentation from borrower: 30-day paystubs, 2 years tax returns, Last 2 years W2’s, Award letters, disability, trust income, etc.
- LOE for Gaps in jobs
- At initial contact with borrower provide needs list and complete application
- 2 months bank statements
- Obtain executed disclosures within regulations time frame.
- Obtain accurate AUS findings.
- Analyze credit report and financial scenario, determining appropriate loan product(s).
- Determine (price) a profitable loan and communicate fees to ops team.
- Submit a complete loan package to processing.
- Lock in rate.
- Review CD to ensure fees and cash at closing are consistent with commitment to Customer:
- Issue Lender Credit if needed
- If loan out of balance, work with processor & branch manager to request subsidy
- Resolve file problems, bottlenecks and qualifying issues throughout 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.
- Manage client and referral partner databases.
- Answer customer inquiries involving rates, products and loan application status to ensure quality customer service.
- Perform any other reasonable duties required by Guild Mortgage Company or Managing Loan Officer.
Benefits
- Medical
- Dental
- Vision
- Life insurance
- AD&D
- LTD
- 401(k) with employer match
