Commercial Loan Officer solicits and services a variety of smaller commercial loans. Performs a due diligence review of potential borrowers, including a risk and financial analysis. Being a Commercial Loan Officer approves loans within established limits or presents to loan committee for approval. Monitors and maintains existing commercial loan portfolio. Additionally, Commercial Loan Officer adheres to all regulatory requirements and internal risk and operating policies and procedures. May assist senior loan officers with larger or more complex loans. Typically requires a bachelor's degree. Typically reports to a manager. The Commercial Loan Officer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Loan Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Job Summary:
Major California based nationwide mortgage lender seeks experienced Loan Officers for the Las Vegas office.
Position is almost completely remote, with occasional meetings in their office.
This is a very employee friendly employer. Earn 33% 401k matching in your first year, 66% in the second year, and 100% in the third! Health benefits start on the first day of the month following your start date.
Strong back office support for Loan Officers. Most loans close within 10 days.
Company works with over 100 banks and Wall Street institutions. Enjoy all the lending program options of working for a loan broker plus the power of working for a large direct lender. This is America's #1 non-QM lender.
Must have current or very recent experience as a Loan Officer, and the ability to soon bring in loans from your relationships.
The company is well established and has funded over $50 billion in loans for over 250,000 borrowers. Offers a broad spectrum of conventional, government, and non-QM loan products. Loan products include programs offering no income documentation loans up to 75% LTV, and a program that does not require borrowers to verify income or employment information.
Offering a lucrative draw vs commission pay package. Some Loan Officers in the company make over $40k monthly. One of them usually funds around $10M monthly.
A member of the Federal Home Loan Bank of San Francisco. Partners with over 100 banks, asset managers, and Wall Street institutions.
Responsibilities:
-Any type of current or very recent successful conventional, FHA/VA, or non-QM loan sales background accepted. Evaluate loan applications and determine the eligibility of applicants. If you don't have non-QM experience, you can learn it here.
- Guide clients through the loan application process and provide them with relevant information.
- Collaborate with Processors and Underwriters to ensure loan applications meet required standards.
- Maintain knowledge of current lending guidelines and regulations.
- Develop and maintain relationships with clients.
- Monitor the progress of loans in process and communicate updates to clients.
- Provide exceptional customer service throughout the loan process.
Job Type: Full-time
Pay: $24,000.00 - $480,000.00 per year
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Work Location: Hybrid remote in Las Vegas, NV 89119
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