Loan Officer Assistant

Summary

Join Summit Funding, Inc., a leading national mortgage lender, as a Loan Officer Assistant! This full-time, remote position offers a competitive salary ($19-$24/hr) with potential bonuses. Based in Texas (with occasional travel), you will play a crucial role in supporting loan officers. The ideal candidate possesses at least two years of mortgage experience and an active NMLS license (or the ability to obtain one). Enjoy a fun team atmosphere, professional development opportunities, and a comprehensive benefits package.

Requirements

• Minimum of 2 years of current or recent related mortgage experience in processing, underwriting, or origination required
• Must be registered and licensed through NMLS or willing to get licensed within 3 months of employment
• Proficient in DU/DO, LP, & major Origination systems
• Proficient with major correspondent and wholesale channels and their guidelines, including their websites and pricing engines
• Must be proficient in Word, Excel and Outlook applications
• Must have excellent verbal and written communication skills
• Must be dependable, self-motivated and require minimal supervision
• Must be able to work 40 hours per week and overtime as required

Responsibilities

• Prequalifies clients to include discussing, rates, terms and/or financial options
• Complete LPII checklist on all files and adhere to company time frames
• Call and obtain conditions from borrowers and Realtors
• With new contracts, facilitate the introduction to Realtors via e-mail and facilitate a call from the Loan Officer to ensure positive customer service for our new clients
• All files turned into processing within 24 hours of meeting with the borrower
• Understands and research’s all investor guidelines and is up to date in any and all program changes that effect the processing or originating of loans in pipeline
• Submits complete files to processing based on Investor and/or AUS requirements to get ready for submission to Mother Ship
• Communicates with your team all information pertaining to client and/or property to meet file expectations
• Communicates loan approval by sending pre-approval/commitment letters to all parties involved in transaction
• Responsible for once a week status calls to all parties involved in transaction (Clients, Realtors, Builder, etc.)
• Tracks and manages new leads and follows up on referral business
• Sends out correspondence – Thank you cards, Closing Cost Calculators, etc
• Coordinate Closing details with Client – Final Payment, rate, Cash to Close, etc
• Be able to quote interest rates and lock loans
• Solve escrow issues without involving loan officer
• Consistently exceed borrower expectations and Realtor/Builder expectations
• Review all closing statements and compare to signed GFE before signings and correct discrepancies
• Assist Loan Officer with call backs to prospects that need a phone consult prior to a face to face meeting

Preferred Qualifications

• Experience in Texas loans, specifically DPA, is highly preferred
• Bilingual in Spanish is a plus

Benefits

• Opportunity to further a career in a competitive, fast-paced growing industry where you can make a difference in people’s lives
• Opportunity to earn competitive compensation including possible bonuses based on performance
• Full benefits include medical, dental, vision, 401K plus match, 11 paid holidays, paid time off, and more
• Fun team atmosphere, professional development, and more