Loan Workout Officer jobs in Richmond, VA

Do you love helping people get their dream home but don’t love hunting for new leads? If so, we’re looking for you! We’re hiring a full-time loan assistant who will work alongside our loan officer to structure loans for our clients and help get applicants mortgage-ready. While our loan officer is out in the field driving in more loan business to fill the pipeline, you’ll be analyzing customer credit, reviewing income, and assessing documents to ensure an efficient and successful close.

Jobseekers should be the highly-motivated, goal, and detail-oriented professionals driven to succeed. Since this is a salaried position, you’ll never have to worry about commission. If you’re a loan officer who always felt they never quite fit the sales mold, this is the role you’ve been looking for. If you’re interested in joining a team that empowers you to embrace your natural talents and helps you achieve your career goals, apply today!

$50,000 - $60,000 base income

• Orchestrate the completion of loan applications, coordinate the collection of documentation including credit reports, run DU/LP/AUS, prepare the file for processing, and send a closing cost worksheet to borrowers
• Coordinate discussions between the loan officer, referral partners, and clients so they have a clear primary contact throughout the “contact to contract” phase of the loan process, and arrange meetings to ensure any follow-up actions get taken
• Look over all loan package paperwork to check for inconsistencies, omissions, and inaccurate income calculations and then report any errors to the loan originator
• Establish and maintain relationships with referral partners and borrowers to retain existing clients and attract new business

• Answer phone calls from new clients, take their information, and answer questions in the initial phase of applying for a mortgage

• Minimum 2 years experience in a LOA/Loan Partner, Processor, Loan Officer, and/or Underwriter role, 5 years experience is preferred
• Understands automated underwriting systems such as DU and LP
• Excellent time management, interpersonal, communication, and follow-up skills
• Able to accurately analyze income, asset documents, and credit reports, and knows how to structure the information properly for a loan
• Current NMLS license or must be willing to get licensed within 90 days

• Match our internal team values: High Motor, Resiliency, Growth Mindset, Servant Heart, Intelligence, Creativity

We are a top local mortgage team in Richmond, VA guiding 30-40 families each month through the home-buying/financing process for the past 20 years. We have a strong team of winners, and a caring transparent culture, we work and play hard, and strive for excellence in a field that is often lacking in customer service and competency. We lead our clients and partners through a complex and emotional process. We are looking for like-hearted and like-minded talent to help lead our team in this critical role. More about us at www.thecowartteam.com