Fairway Independent Mortgage - Freeport, NY
posted 1 day ago
Full-time - Entry Level
Freeport, NY
Credit Intermediation and Related Activities
About the position
The Loan Officer Assistant provides essential support to one or more Loan Officers, ensuring the smooth processing and closing of loan applications.
Responsibilities
- Prepares loan packages by collecting necessary documentation and information from customers.
- Reviews loan files for completeness and accuracy.
- Follows up on missing documents and addresses any conditions.
- Opens escrow accounts, coordinates inspections and appraisals, and determines insurance needs.
- Pre-qualifies customers using automated underwriting systems (AUS).
- Collaborates with processors and escrow officers to facilitate loan closings.
- Answers general customer inquiries regarding policies and procedures.
- Communicates with customers, real estate agents, and title companies to keep them informed about loan progress.
- Coordinates and schedules loan closings.
- Maintains Loan Officer databases.
- Assists with marketing campaigns, including email and direct mail.
- Stays updated on market trends and product knowledge.
- Performs various administrative tasks, such as faxing, emailing, and making phone calls.
Requirements
- 1+ years of related experience.
- Demonstrated experience using Encompass360.
- Demonstrated experience working with potential clients/borrowers in a sales environment.
- Demonstrated experience in a customer oriented position.
- Solid knowledge and understanding of mortgage lending processes, procedures and regulations.
- Solid knowledge and understanding of a variety of loan programs including Conventional, FHA, USDA, VA and secondary marketing guidelines to manage complex loan level issues.
- Solid knowledge and understanding of mortgage-related terms, such as escrow, taxes, closing documents and insurance.
Benefits
- Competitive compensation
- Benefits include medical and dental insurance.
- Life and Disability insurance
- Matching 401k
- Employee Stock Ownership Plan
- Paid Time Off plus company-paid holidays
- Employee discounts for wellness, pet insurance, auto and homeowner's insurance, and MORE!
