What are the responsibilities and job description for the Loan Officer/Junior Loan Officer position at TBD?
Mortgage Loan Officer/ Junion Loan Officer Job Summary
The Mortgage Loan Officer/Junior Loan Officer is responsible for proactively soliciting new residential mortgage business to meet established loan quality and production goals as well as assisting Senior Loan Officer with files in their pipeline. In this on-going sales role, the Mortgage Loan Officer/Junior Loan Officer continually identifies, develops and maintains a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities and is enhanced by the Mortgage Loan Officer/Junior Loan Officer ’s regular participation in business-related development opportunities, community efforts to promote homeownership and professional organizations.
Location
Parsippany, NJ
Mortgage Loan Officer Assistant Responsibilities
- Develops and maintains successful relationships with business referral sources including existing and prospective leads.
- Prospects new mortgage lending opportunities.
- Develops business referral network through marketing, cold-calling, prospecting, and networking activities.
- Generates new business opportunities to achieve production/sales goals as established by the direct manager and the company.
- Participates in community efforts to promote homeownership.
- Approves loans within specified limits, and refer loan applications outside those limits to management for approval.
- Meets with applicants to obtain information for loan applications and to answer questions about the process.
- Analyzes applicants' financial status, credit, and property evaluations to determine the feasibility of granting loans
- Maintains current and thorough knowledge of all lending programs, policies, procedures, and regulatory requirements
- Provides excellent customer service to internal and external clients
Mortgage Loan Officer Qualifications
- High school diploma or equivalent required. College degree in finance or banking preferred
- At least 0-2 years of mortgage lending experience required
- Possess an understanding of different loan products, such as conventional loans, FHA, VA, adjustable/ fixed, commercial loans, etc.
- Highly motivated and goal-oriented with excellent customer service and communication skills
- Computer proficiency required including MS Office; some CRM, MLS, DU, and proprietary mortgage software preferred
- NMLS license or training is required
Job Type: Full-time
Pay: $50,000.00 - $125,000.00 per year
Benefits:
- 401(k)
- 401(k) Matching
- Dental Insurance
- Disability Insurance
- Employee Discount
- Flexible Schedule
- Flexible Spending Account
- Health Insurance
- Paid Time Off
- Referral Program
- Retirement Plan
- Vision Insurance
Schedule:
- Monday to Friday
- Weekends
Experience:
- Mortgage: 1 year (Required)
Additional Compensation:
- Commission
- Bonuses
Paid Training:
- No
Management:
- Team Lead
Benefit Conditions:
- Waiting period may apply
Work Remotely:
- Temporarily due to COVID-19