Loan Partner

NQM Funding, LLC aka Premier Mortgage Associates is a mortgage company with a 25-year history of helping people become new homeowners and refinancing others into a better financial situation. Serving clients needs is the core of our business. This basic principle of putting “the client first” is the reason we close loans based upon relationships, not leads. NQM Funding, LLC is not your typical mortgage company…and our clients appreciate that.

Our Corporate Headquarters, located in Boca Raton, Florida, is looking to hire a Loan Partner.

Job Title: Loan Partner

Reports To: Team Production Manager

FLSA Status: Exempt

Department: LOA

Division: Retail

Annual Salary: $40K

Bonus: 25 bps per funded loan

Summary: Responsible for providing administrative and clerical support to the Mortgage Loan Originator in a timely manner to complete client’s loan application process. The role is within a high-volume production team working to enhance the Mortgage Loan Originators productivity. Coordinates and communicates with the customers, Loan Officers, processing team, and underwriting to ensure the loan application process is smoothly completed with accurate documentation. This is performed by obtaining necessary documents such as asset and income statements, appraisals, homeowner insurance, credit reports and title documents. In addition, manage closing dates and other ad-hoc tasks throughout the loan process. The Loan Partner must have excellent oral and written communication skills.

Duties and Responsibilities include the following.

• Pipeline management; assuming multiple loans in a fast-paced work environment
• Communicate with applicants to obtain all pertinent information (not provided at loan application). This guides clients through the mortgage process ensuring important dates are met.
• Meet all SLA’s set in place
• Assist with obtaining condo information, Realtor contact information, Attorney fee sheets and insurance binders
• Structure loans and calculate borrower’s income
• Discuss loan rates with borrowers
• Running loans through various systems for credit and automated underwriting
• Reviewing asset statements, paystubs, tax returns and other documentation provided by borrowers for large deposits, accuracy and to ensure that the documentation is complete
• Assist the borrower with letters of explanation for the underwriter
• Submit loans to Disclosure Desk once loans are pre-approved and the contract is received for processing
• Review preliminary figures for closing disclosures and send to customers with finalized fees prior to final approval
• Track to confirm receipt of Initial Closing Disclosure delivery to borrower
• Work with manager for any rush requests
• Other duties as assigned

Skills:

• Bilingual: English and Spanish preferred
• Encompass 360 Required
• Oral/Written Communication Skills
• Customer Service
• General knowledge of loan products and process
• Organizational skills
• Project Management
• Time Management
• Must be able to multi-task
• Able to handle a high-stress position
• Must have strong problem solving and critical thinking skills
• Must show strong initiative
• Good organizational skills, along with substantial knowledge of guidelines and procedures for all types of mortgage loans offered by the bank, are critical.
• Interpersonal skills are critical as this position is customer and Realtor focused and works with other staff within the department.
• This position requires excellent communication skills, as incumbent will have face to face and phone interaction with customers and referral sources, so must be able to communicate with these individuals with respect, courtesy, and appreciation for doing business with the bank

Education/Experience:

Degree: High School Diploma or Equivalent.

Prior 2-3 years of loan officer assistant or related experience required.

NMLS Active license is required.