Mortgage Loan Officer 

City of Industry, CA
Posted on 7/14/2021
Full-Time

ESSENTIAL JOB FUNCTIONS:

• Solicit new mortgage loan applications and lead by developing relationships within the community including Presentation to Realtors from Real Estate company, Mortgage Loan Brokers, Account Executive and Builders; making sale calls to prospective customers.
• Meet with applicants to obtain borrower and information and answer questions about mortgage loan process with the use of the point-of-Sale(POS) system or traditional handwritten loan application, create new folder for new borrower to share drive, update and upload new documentation.
• Explain to customers the different types of loan and credit options that are available to them including terms of products and services.
• Examine borrower’s loan application and supporting documentation for pre-qualifications; analyze borrower’s financial status, credit, and property’s valuations to pursue loan submission and approval; estimate borrower’s credit-worthiness and calculate repayment risk factors.
• Obtain and compile copies of borrower’s financial information that includes credit histories, corporate financial statements, and other required escrow documents to complete a loan submission. Monitor and satisfy collection of required processing, underwriting, and closing documents which include verification status, and closing documents; coordinate scheduling of loan closing with escrow.
• Handle customer complaints and take appropriate action to resolve them. Confer with processor and/or underwriter to aid in resolving mortgage application problems to closure.
• Adhere with Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) rules and maintain an actives status with good standing via National Mortgage Licensing System Registry.
• Stay abreast of all offered types of loans, other financial services and products, and regulatory compliance.
• Presentation to branch and loan officer with mortgage products.
• Involve and attend mortgage seminar and realtor conventions, event expo.
• Provide recommendation and suggestion from other source with product development, promotions, flyer.
• Other duties and responsibilities that may be assigned by the Mortgage Team leader and other senior management.

QUALIFICATIONS:

• Education: Finance, Associate’s or Bachelor’s degree, preferred.
• Years of Experience: Minimum 2 or 3 years of residential mortgage sales experience or processing experience or equivalent credit or work-related experience is required.
• Skills/Ability: Excellent written and verbal communication skills, detail oriented, high degree of accuracy, mathematical skills, self-starter, ability to work independently, strong time management, good organizational skill, competence with computers and related software.
• Knowledge: Must have knowledge not limited to
  • Mortgage principles
  • Mortgage loan origination and SAFE Act
  • Real Estate Settlement Procedures Act (RESPA)
  • Homeowner’s Protection Act (HPA)
  • Truth in Lending Act (TILA)
  • Privacy laws
  • Fair lending laws
  • Loan processing and underwriting
• Training Courses Required: Real Estate Salesperson licensing and MLO licensing or Mortgage Loan Originator under the SAFE Act educational courses preferred.

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