Lending Officer conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. Being a Lending Officer performs a due diligence review of potential borrowers, including a risk and financial analysis. Structures loan proposals, prepares credit memos, and presents to loan committee for approval. Additionally, Lending Officer may manage a portfolio of existing loans, including reviewing financial reporting, monitoring compliance with loan terms, and handling loan modifications or workouts. Ensures adherence to regulations, bank credit policies, and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Lending Officer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Lending Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Are you detail-oriented with a passion for finance and customer service? We're seeking a Loan Officer Assistant / Loan Set Up Specialist to join Equitable Lending's dynamic team. In this role, you'll play a crucial part in facilitating the loan process from start to finish, ensuring seamless transactions for our clients.
Responsibilities:
- Review the 1003, pull credit, and complete the loan application.
- Review loan details and terms to ensure accuracy and compliance.
- Communicate with clients to collect necessary loan documents and maintain clear channels of communication throughout the process.
- Ensure accuracy of fees on the loan 1003 application.
- Prepare Loan Estimates for the loan agent to present to clients, upon request from sales.
- Conduct income calculations to assess borrower eligibility.
- Order Verification of Employments (VOEs) as necessary for loan processing.
- Send completed loan files to the processing department for further action.
- Restructure loans for Automated Underwriting System (AUS) approval or alternative options such as Non-Qualified Mortgages (NQM).
Requirements:
- Bachelor's degree in Finance, Business Administration, or related field preferred.
- Previous experience in mortgage lending or financial services highly desirable.
- Strong attention to detail and ability to multitask in a fast-paced environment.
- Excellent communication skills, both verbal and written, with a customer-centric approach.
- Proficiency in loan origination software and Microsoft Office Suite.
- Familiarity with loan processing procedures and regulatory requirements.
- Ability to work collaboratively within a team and independently when necessary.
- Willingness to adapt to changing industry trends and regulations.
If you're ready to take the next step in your career and make a meaningful impact in the world of lending, apply today! Join Equitable Lending in helping individuals achieve their homeownership dreams while fostering financial success.
Compensation:
- $42,000 / Year
- $150 Bonus per funded file
Job Type: Full-time
Pay: From $42,000.00 per year
Benefits:
Schedule:
Experience:
Work Location: In person
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