Mortgage Loan Officer

At Equity Express Mortgage we require evaluating loan applications and helping individuals secure loans for various purposes. Here are the typical responsibilities of a loan officer:

Experience: While not always mandatory, previous experience in banking, lending, finance, or a related field can be highly beneficial when applying for a loan officer position. Experience is not necessary as we will train you to be the best in the industry.

Customer Interaction: Loan officers interact with clients, both in person and over the phone or email, to discuss their financial needs and objectives. They explain the loan application process, provide information on available loan products, and answer any questions or concerns.

Application Review: Loan officers collect and review loan applications. This includes assessing the borrower's creditworthiness, income, employment history, and financial documentation. They may also verify the applicant's identity and collect other relevant information.

Communication: Throughout the loan process, loan officers maintain regular communication with borrowers to keep them informed about the status of their application, any additional requirements, and the progress of the loan approval process.

Pipeline Management: Loan officers often manage a pipeline of loan applications, tracking their progress from initial submission to closing. They prioritize tasks and follow up with clients and underwriters to ensure timely processing.

Networking: Building a professional network within the financial industry, including relationships with real estate agents, builders, and other professionals, can help loan officers generate leads and referrals.

Skills and Qualities:

• Communication Skills: Strong verbal and written communication skills are essential for explaining loan options to clients and ensuring clear and accurate documentation.
• Customer Service: Loan officers must have good customer service skills to build rapport with clients, address their concerns, and provide excellent support throughout the loan process.
• Analytical Skills: Analyzing financial documents, credit reports, and other data to assess borrower eligibility and risk is a critical aspect of the job.
• Attention to Detail: Accuracy is crucial when reviewing and processing loan applications and documentation.
• Sales Skills: Loan officers often need to promote loan products and services, so a sales-oriented mindset can be beneficial.
• Ethical Conduct: Loan officers must adhere to high ethical standards to maintain trust with clients and regulatory compliance.
• Problem-Solving: The ability to find solutions to complex financial situations and overcome obstacles is valuable.
• Knowledge of Regulations: Understanding lending laws and regulations, including the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA), is essential for compliance.

Compensation: Industry leading compensation with salary plus commission. No draws.

Benefits,

•         Health insurance
•         Dental
•         Vision
•      Paid time off
•         Vacation days
• Paid holidays

We look forward to expanding our business with you as a part of it