OVERVIEW
Loan officers are responsible for building a referral network and providing loan opportunities while developing loan applicants through evaluating applicant information and documentation.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Licensing/Educational Requirements
- Complete state and federal requirements including but not limited to pre-license education, state and federal testing and federal background checks to obtain an appropriate license to conduct business in all states deemed necessary by the company.
- Complete required continuing education deemed necessary by federal, state and company guidelines.
- Renewing all licenses 30 days in advance of the required renewal time-frame.
- Update job knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks and participating in professional organizations.
Applicant Qualification
- Advise and educate customers of the home buying or refinancing process
- Complete a preliminary review to qualify potential customers within specified limits based on their current and future financial needs.
- Work with customers in-person or remotely to obtain information for loan applications.
- Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
- Inform applicants of the loan process; assist by answering questions with timely response to requests.
- Evaluate the applicant's financial status, credit, property evaluations and documentation by confirming credit worthiness.
- Improve loan applications and documentation by informing applicants of qualification requirements.
- Assist and advise customers of the best loan product available to fit their desired result.
- Act in accordance with real estate contracts by explaining provisions to applicants, obtaining executed loan packages and collecting credit report/appraisal fees.
- Utilize management to assist in qualifying the customer when needed.
- Maintain customer confidence by following state and federal confidentiality guidelines.
Formal Loan Application/Processing/Closing
- Act in accordance with real estate contracts by explaining provisions to applicants, obtaining executed loan packages and collecting credit report/appraisal fees.
- Marry the applicant with the best mortgage product to fit their needs.
- Loan Officers must follow UHM Minimum Origination Standards and 3/2 policies
- Complete the formal application/interview.
- Execute technological mortgage application documents with the customer.
- Formally submit the loan through processing.
- Track the mortgage process through closing with constant contact to the customer and referral sources directly and/or utilizing automated systems.
- Loan Officers are responsible for independent pipeline management including accuracy with secondary lock execution and estimated closing dates through formal closing.
EDUCATION AND/OR EXPERIENCE
- Mortgage Loan Officer experience and current book of business is required
- Encompass experience a plus

Qualifications
Applicants must be eligible to work in the specified location