Job Description
Team Loan Officer
Starting pay rate ranges between $22 to $25/hr DOE along with commission on loans closed
Summit Funding's Bend office is hiring! We are offering an exciting opportunity for an outgoing and organized Mortgage Loan Officer who is ready to dive into a fast-paced position working a pipeline of leads from prequalification to closing.
What our Team Loan Officers are responsible for:
- Call and set up appointments with at least 10 prospective clients daily. (Power Hour)
- Schedule and attend 10 face to face meetings (phone conferences OK) with potential borrowers weekly.
- Take loan applications.
- Prequalify clients to include discussing, rates, terms and/or financial options.
- Attend all functions with Loan Officer when required.
- Call and obtain conditions from borrowers and Realtors.
- Meet with clients to sign Loan Application and Disclosures.
- With new contracts, facilitate introduction to realtors via e-mail and make call to give “warm, fuzzy”.
- Ensure that all files are submitted on time and in accordance with established procedures, requirements, and guidelines.
- Track and manage new leads, and follow up on referral business.
- Assist Loan Officer and other team members with additional administrative duties and/or sales duties as needed.
- Review all closing statements and compare to signed GFE before signings and correct discrepancies.
- Manage pipeline with good attention to detail.
- Communicate with team members all information pertaining to client and/or property in order to meet file expectations.
- Regularly communicate with all parties (clients, realtors, builders, etc.) involved in transaction. This includes but is not limited to correspondence via letters, cards, and phone calls.
- Attend all regularly scheduled loan reviews and meetings.
- Maintain current knowledge of investor guidelines, interest rates, lock loans, and all other related aspects of the position.
- Master the Summit Funding Professional Loan Presentation.
- Independently troubleshoot and resolve any conditions or issues that arise during the process, escalating issues when needed.
- Coordinate the closing details with the client (final payment, rate, cash to close, etc.)
- Regularly obtain monthly client referrals that go to closing.
- Exceed expectations of borrowers, realtors, builders, and clients.
- Adhere to all company/team policies and procedures.
- Continue to assume additional responsibilities that foster individual and team growth.