Principal Loan Advisor

2 weeks ago


Irvine, California, United States The Ladders Full time
The Ladders is actively seeking a Senior Mortgage Consultant to enhance our team. At The Ladders, we prioritize collaboration, enduring partnerships, and in-person engagement. This position requires on-site presence in our designated offices.

As a key player, you will initiate new residential mortgage loans and cultivate relationships with real estate agents, builders, and other referral partners to foster and grow both existing and new mortgage lending opportunities. Your role will involve developing effective referral channels to generate loan applications. You will connect with clients to gather essential information for loan applications while ensuring confidentiality is maintained. Additionally, you will collect and assess necessary documentation for the processing and approval of mortgage loan requests. It is crucial to maintain clear communication with clients, referral sources, and stakeholders throughout the loan application journey to ensure timely approvals and closings, while adhering to banking and governmental regulations. You will represent the bank professionally within the community and refer clients to other banking services as needed. Staying informed on local real estate trends and changes in mortgage regulations is essential.

Key Responsibilities:
  • Establish and nurture relationships with referral sources such as real estate agents and builders to boost mortgage lending activities.
  • Foster internal relationships to create cross-selling opportunities by leveraging mortgage transactions. Engage with potential clients to explain loan products and services.
  • Prepare necessary pipeline reports for departmental administrative functions.
  • Communicate with applicants or relevant parties to clarify any questions regarding applicant information. Submit loan packages for processing and coordinate the gathering of supporting documents for approval.
  • Evaluate applicant financial status, credit, and property assessments to determine loan feasibility. Collaborate with processing and underwriting teams to address inquiries and resolve mortgage-related issues.
  • Interview applicants to request specific information and documentation for mortgage loan applications.
  • Coordinate with loan processors and borrowers to ensure proper documentation and verification are obtained.
  • Work alongside the closing department to ensure successful loan closures.
Qualifications:
  • High school diploma or GED is mandatory.
  • A minimum of 3 years of experience in lending or banking is required.
  • Senior Mortgage Consultants are expected to comply with bank policies and procedures in line with regulatory standards.
  • Proficiency in MS Word, MS Excel, MS PowerPoint, MS Outlook, and Encompass Loan Originating System (LOS) is essential.
  • Excellent interpersonal, communication, and business writing skills are necessary.
  • Ability to work independently without direct supervision.
  • Strong time management and organizational skills are crucial.
  • Demonstrated teamwork and collaboration skills.
  • High level of responsiveness to the bank's needs and a cooperative attitude.
  • Exemplary motivation, professionalism, and enthusiasm are expected.
  • Exceptional customer service skills are a must.
  • Ability to manage pressure from deadlines and reporting requirements.
  • Maintain a high degree of professionalism and confidentiality in handling sensitive information.
  • Willingness to travel as needed to fulfill job responsibilities.


Pay Range: Competitive hourly rate plus commission.

Final compensation will be determined based on experience, education, and skill level, along with internal equity and market alignment.
  • The Ladders is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or disability.


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