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Mortgage Loan Officer

Company: Rapid Mortgage Funding
Location: Franklin
Posted on: November 26, 2022

Job Description:

We are looking for a loan officer to evaluate, authorize approval or deny loan applications for people. You will act as liaison between customers and our financial institution and you will help qualified applicants acquire loans in a timely manner.



Responsibilities



Evaluate credit worthiness by processing loan applications and documentation within specified limits

Interview applicants to determine financial eligibility and feasibility of granting loans

Determine all applicable ratios and metrics and set up debt payment plans

Communicate with clients either to request or to provide information

Justify decisions (approvals/rejections) and report on them

Complete loan contracts and counsel clients on policies and restrictions

Update job knowledge on types of loans and other financial services

Maintain and update account records

Assess customer needs, explore all options and introduce different types of loans

Develop referral networks, suggest alternate channels and cross-sell products and services to accomplish quotas

Go the "extra mile" to build trust relationships, customer loyalty and satisfaction throughout the underwriting process

--perate in compliance with laws and regulations and adhere to lending compliance guidelines



Skills



Proven working experience as a loan officer

Familiarity with computers and banking applications/software

Solid understanding of direct/indirect lending products and practices

Excellent communication and interpersonal skills

Customer satisfaction orientation and sales competencies

Ability to work in a goal oriented environment

NMLS is required

BS degree in finance, economics or a related field is preferred



Compensation and Benefits



This role is 100% commission

Health Insurance and 401K available

Monthly Bonus

Keywords: Rapid Mortgage Funding, Detroit , Mortgage Loan Officer, Other , Franklin, Michigan

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