Mortgage Loan Officer

• Responsible for converting self-sourced leads optioned from networking and referrals from centers of influence (COI)
• Interview members and prospects to obtain relevant information and evaluate applicants' financial status, review credit history, debt-to-income ratio, and appraisal reports
• Ensure compliance with MCU loan policy, federal, state and NCUA rules, regulations and laws
• Pre-qualify prospective borrowers, prepare preliminary Loan Estimate (LE), initial disclosures, amended disclosures and Rate Lock agreement in compliance with RESPA
• Review the sales contract, income, assets and debt information to ensure applicants meet MCU’s minimum standard guidelines
• Manage pipeline and issue prequalification certificates
• Counsel members on the reasons for denial and advise on improving their financial position and credit score

Outside Mortgage Loan Officer converting leads into loans at Municipal Credit Union

Outside Mortgage Loan Officer responsible for converting leads into loans at Municipal Credit Union. Handle self-sourced and referral leads to promote lending products.

• Assists high producing loan officers in the effective and timely completion of loan applications
• Actively manages the document collection process from origination to closing
• Manages the Mortgage Loan Officers pipeline, including the tracking of all deliverables and updating borrowers on status of the loan
• Works with customers to set expectations including but not limited to rate inquiries, third party providers, loan status and other information deemed necessary
• Confirms appointments and reviews with customer all documents needed at time of application to ensure efficiency
• Facilitates application process by interfacing with customers in taking full or completing partial applications
• Discusses products and pricing at the request of, or in the absence of, the loan officer
• Reviews files in detail to foreshadow any potential issues related to income and assets and remedies potential issues prior to file being sent to underwriting
• Assists in structuring deals to meet underwriting guidelines
• Advocates for client file and manages the file through the underwriting escalation process when necessary
• Understands TD underwriting guidelines and has the ability to clearly communicate and explain to borrowers
• Writes credit memos for loans explaining unique circumstances and clearly summarizes the lending request
• Serves as a liaison between Loan Officer and Mortgage Operations, Sales Support
• Aids in the development of a customer database in support of the pursuit of new marketing opportunities
• Follows up with sales leads on behalf of the MLO utilizing strong verbal or written communication skills
• Proactively manages the lead pipeline in concert with the MLO
• Establishes strong relationships with the MLO's referral partners independent of the MLO
• Assists in other areas as needed

Mortgage Loan Officer Assistant managing loan application processes

Mortgage Loan Officer Assistant II

Mortgage Loan Officer Assistant facilitating communication and managing loan applications for TD Bank. Ensuring effective document handling and customer service for mortgage services.

Mortgage Loan Officer jobs in New York

See all jobs on JobTailor

Mortgage Loan Officer

Mortgage Loan Officer Assistant II