Mortgage Loan Officer

3 weeks ago


Austin, United States New American Funding Full time
  1. Customer Interaction: Engage with clients to understand their financial needs and goals. Provide guidance and assistance throughout the loan application process.
  2. Loan Application Processing: Collect and review loan applications, ensuring all necessary documentation is provided and accurately completed. Verify applicants' financial information, including income, assets, debts, and credit history.
  3. Risk Assessment: Evaluate applicants' creditworthiness and financial stability to determine their eligibility for loans. Assess the risk associated with each loan application and make informed decisions based on lending policies and regulations.
  4. Loan Product Knowledge: Stay updated on various loan products offered by the institution, including personal loans, mortgages, auto loans, and business loans. Educate clients about the features, terms, and conditions of different loan options.
  5. Regulatory Compliance: Ensure compliance with state and federal lending regulations, including anti-discrimination laws, truth in lending disclosures, and fair lending practices. Adhere to internal policies and procedures to mitigate legal and financial risks.
  6. Negotiation and Closing: Negotiate loan terms and conditions with clients, including interest rates, loan amounts, and repayment schedules. Facilitate the closing process by coordinating with other departments, such as underwriting and legal, to finalize loan approvals.
  7. Relationship Management: Build and maintain relationships with clients, real estate agents, builders, and other referral sources to generate loan leads and business opportunities. Provide excellent customer service to enhance client satisfaction and retention.
  8. Sales and Marketing: Promote loan products and services to potential borrowers through marketing initiatives, networking events, and community outreach programs. Develop strategies to attract new clients and expand the institution's loan portfolio.

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