Associate Loan Officer

Rate is one of the nation’s top retail mortgage lenders, delivering a seamless, tech-driven experience that helps customers reach their home ownership and financial goals. Founded in 2000 and based in Chicago, Rate is licensed in all 50 states and D.C. and has helped over 2 million homeowners with a wide range of loan products, competitive rates and personalized service. With 5,000+ employees across 300+ offices and 12+ subsidiaries, Rate’s Loan Officers rank among the best in the country.

From purchases and refinances to tapping into equity, Rate makes financing faster, simpler and less stressful. Our technology — including Same Day Mortgage, the Rate App, Flash Close, MyAccount and the Language Access Program — has earned recognition from Housing Wire, Scotsman Guide, Nerd Wallet, the Chicago Tribune and Crain’s Chicago Business. Learn more at

We are committed to providing a competitive and equitable total rewards package. The compensation for this role is designed to attract, retain, and motivate top talent. The expected base salary range for this position is [$ Minimum Amount] to [$ Maximum Amount] annually or hourly.

The central focus of an Associate Vice President of Mortgage Lending (AVP) is to support one or more Vice President(s) of Mortgage Lending (VP) with a variety of tasks related to increasing their production, efficiency, and quality of work. An AVP's tasks are divided between 3 important components including1) Loan Origination on behalf of the VP(s) they support, as well as independently originating business from new sources;
2) Pre-application through post-closing client interaction, including taking of applications and Loan data entry into the operating system, Encompass;
3) Market and otherwise assist the VP execute their business plan and growth strategy.

• AVPs are required to be actively license and sponsored by the company and must mirror the licensing footprint of the VP(s) they support.
• All pricing elements including the CO, Cap, etc. must also match the VP(s) they support.
• AVPs may be compensated differently for loans originated by the AVP on behalf of the VP(s) they support compared to loans they independently sourced and originated.
• AVPs are permitted to independently market themselves, and hae access to the Marketing Menu of options, as well as the company;s technology including Digital Mortgage and other tools to support them in originating loans independently.
• Taking applications from the VP's clients in person and by phone, performing required and permitted licensable activities, and otherwise supporting origination activity.
• Take applications, independently sourcing, and originating loans, and performing other permitted licensable activities to generate new business and origination opportunities.
• Ensuring applications are complete and entering notes into the file for processing as directed.
• Prepare preapproval letters after qualification according to company policy.
• Phone and email support including checking messages, returning calls, and correspondence to maintain organized files and work environment.
• Maintaining calendars and scheduling meetings, closing and creating calendar invitations, and following up timely with customers and potential borrowers.
• Monitor the loan from application through the closing process, maintaining effective communications with customers, referral sources, and loan support staff.
• Pipeline Inspection: review the pipeline to check for challenges and assess daily turn times to minimize lock expirations, missed contingency, and scheduled close times.
• Lock, update, change, or extend investor locks with Commitment Desk as necessary.
• Change/extend loans and…