Loan Officer

Who We Are At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact.

Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

The primary function of the Loan officer is to sell loan products offered by New Rez. Contact prospective clients to develop and maintain referral sources. Meet with prospective clients at outside locations such as a client’s home. Make in-person calls on real estate agents, financial advisors and other potential referral sources to develop borrower leads. Incumbent may work from any of the above listed locations.

Not required to cover all above listed locations.

• Utilize and develop a network of resources for mortgage loan business development and solicitation for new business.
• Utilize, manage and market to a database of customer contacts.
• Maintain a positive sales environment by educating potential borrowers, Real Estate Agents and Home builder sales representatives on the Company’s products and services; create and deliver presentations when necessary.
• Complete thorough loan applications by communicating with perspective applicants and obtain specified information relating to the loan or credit application; correspond with applicant via telephone, email or in-person to resolve any questions regarding application information.
• Perform prequalification assessment and analysis of financial condition and risk of financing requests within the Company’s credit policies and programs, as well as all state and federal lending regulations (FHA, VA, Fannie Mae, Freddie Mac, Conventional, Conforming, Rural Housing Development, Bond and Portfolio).
• Negotiate rate, terms and conditions of the loan.
• Lock loans on time and in the correct product type to avoid fall-out.
• Collect up-front fees from applicant.
• Submit complete loan application, including all required documents and disclosures, and coordinate the process with assigned processing center.
• Input loans into appropriate Automated Underwriting System (AUS), such as DU or LP, for underwriting decision.
• Assist with, and solve, issues relating to processing, underwriting and closing of loans within employee’s loan pipeline.
• Develop and maintain knowledge of the financial industry, economy, market conditions, rates, vendors and competition.
• Represent the Company in various community and civic functions to enhance the Company’s image and develop additional business.
• Consistently apply superior decision making techniques relating to applicant inquiries, approvals, and requests as they pertain to existing policies, regulations and procedures.
• Maintain compliance on all loan files and pipeline.
• Other duties as assigned.

• Must have an active state MLO license in each state where business is to be conducted.
• High-school diploma or GED and a minimum.
• 3-years lending origination experience.
• Strong PC skills, including Power Point, Excel, Word and Lotus Notes.
• Solid knowledge of state and local real estate markets.

• Ability to plan for contingencies and anticipate problems and identify risks.
• Ability to negotiate persuasively to produce positive outcomes.
• Ability to effectively listen and respond to customers’ needs.
• Ability to…