Loan Officer

Location:

Grand Canal Blvd Ofc 32 Stockton, CA 95207, USA

The purpose of this position is 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 to analyze a borrower’s financial and credit data to determine creditworthiness and the probability of financial security in repayment efforts.

• Develop new business opportunities and sales leads by cultivating relationships with realtors, builders, bankers, etc.
• Develop solid PRMI product knowledge and offer clients the best mortgage products to match client needs.
• Review application information, requesting specific supporting documentation as needed or required based on loan investor guidelines.
• Analyze and exercise independent judgment and discretion in advancing PRMI’s business objectives and the interests of PRMI’s customers regarding significant financial decisions.
• 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.
• Complete necessary CE in a timely manner and remain current on local developments and trends within the real estate and mortgage industries.
• Provide origination services in the state of licensure.
• Create and maintain excellent business relationships with referral client base, creating new mortgage lending opportunities.
• Correspond, communicate, and coordinate with clients, in-house support staff, and external service providers to facilitate timely closings.

• Sales experience in the mortgage industry is preferred.
• Familiarity with mortgage processes, procedures, rules, regulations, and compliance.
• Exceptional customer service skills with strong attention to detail.
• Excellent written and verbal communication skills.
• Strong computer skills, including a working knowledge of MS Office.
• 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.
• Ability to pass a required background check.
• Must hold an NMLS license.

Each employee must be able to communicate clearly and effectively, utilize a computer, maintain a work schedule, and effectively perform in an office setting. Employment with PRMI requires compliance with and adherence to all applicable mortgage and fair lending laws and regulations as well as PRMI policies. The ability to work extended hours may be required.

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.