Loan Officer​/Loan Officer Assistant

The purpose of this position is to work with clients to collect and verify employment and financial data to complete mortgage loan applications. To proactively solicit new residential mortgage clients, while developing and cultivating a strong business network of referrals. It is the responsibility of a Loan Officer Assistant / Loan Officer to analyze a borrower’s financial and credit data to determine creditworthiness and the probability of financial security in repayment efforts.

• Contacts applicants by telephone e-mail or in-person meetings to gather financial information, including employment situation, salary, assets, financial status, current debts, and current expenses
• Orders appraisal and title and assists in loan application completion
• Receives data needed to verify employment length, financial statement accuracy, and collateral asset values
• Clears underwriting conditions and reviews closing conditions
• Submits application and conditions to the underwriter
• Contacts and communicates with loan officers, closers, and underwriters to complete mortgage transaction
• Reviews application information, requesting specific supporting documentation as needed/required based on loan investor guidelines
• Analyzes and exercises independent judgment and discretion in advancing PRMI’s business objectives and the interests of PRMI’s customers regarding significant financial decisions
• Can carry out major assignments affecting business operations of the employer or the employer’s customers through:
  • collecting and analyzing information regarding the customer’s income, assets, investments, or debts
  • analyzing applicant data, credit and collateral property value
  • determining which financial products best meet the customer’s needs and financial circumstances
  • providing advice to the customer regarding the advantages and disadvantages of available financial products
  • marketing, servicing, or promoting the employer’s financial products
• As a Licensed individual, may conduct originating activities as necessary
• Originates their own sales by contacting prospective clients,
• Develops and maintains referral sources,
• Spends at least one or two hours a day, two or more times a week outside of the office (including a home office), originating loans,
• Meets with prospective clients at locations other than PRMI’s offices, e.g., client’s home or other locations,
• Meets with clients in person to sell mortgage loan products/packages,
• In-person calls outside of the office on real estate agents and brokers, financial advisors, and other potential referral sources to develop borrower leads,
• Engages in marketing and promotional activities in support of their own sales,
• Develop new and continued business opportunities and sales leads by cultivating relationships with realtors, builders, bankers, etc.
• Completes necessary continuing education in a timely manner and remains current on local developments and trends within the real estate and mortgage industries
• Provides origination services in the state of licensure

• Basic reading, writing, and arithmetic skills
• Strong attention to detail
• Strong communication skills, both written and oral
• Familiarity with mortgage processes, procedures, rules, regulations, and compliance
• Ability to effectively and professionally handle difficult situations that may arise when working with branches/divisions
• Ability to multi-task and manage time efficiently
• Ability to comprehend and analyze financial information
• Ability to effectively communicate and present complex financial information while fielding and responding to questions from applicants, support staff, and management
• Established contact and referral list within the real estate and mortgage industries preferred
• Sales experience in the mortgage industry is preferred
• Familiarity with mortgage processes, procedures, rules, regulations, and compliance
• Exceptional customer service skills with a strong attention to detail
• Ability to pass a required background check
• Knowledge of Microsoft Office and telephone protocol
• Familiarity with Accounting terms and procedures (e.g. debits, credits, General Ledgers, etc.)

• Ability to type…