Loan Officer

$62,000 - $144,000/Yr

Paramount Residential Mortgage Corp - Miami, FL

posted 4 months ago

Full-time - Entry Level
Miami, FL
Credit Intermediation and Related Activities

About the position

As a Loan Officer at PRMG, you will be part of a dynamic team that is dedicated to supporting originators in achieving their professional goals. PRMG is recognized for its exceptional workplace culture and commitment to the success of its employees. The company offers a robust compensation plan that can reach up to 225 basis points, along with a comprehensive marketing strategy designed to generate leads and enhance your business. You will have access to inbound pre-screened leads, allowing you to focus on closing loans rather than prospecting for clients. With a commitment to efficiency, PRMG prides itself on funding loans in just 23 days, which is a significant advantage in the competitive mortgage industry. In this role, you will be responsible for developing and implementing strategies that meet customer needs through a full array of mortgage products and services. You will act as a liaison between clients and the company's internal departments, ensuring a seamless flow of business. Your responsibilities will include verifying and compiling application information for mortgage loans, advising clients on their home loan options, and reviewing loan application files to ensure compliance with established standards. You will also be expected to communicate effectively with both clients and colleagues, maintaining a high level of professionalism throughout the process. PRMG is a direct lender with the capability to broker specialty programs and reverse mortgages, ensuring that you will not miss any opportunities to serve your clients. The company also provides in-house underwriting, documentation, and funding, which streamlines the loan process and enhances your ability to close deals efficiently. With competitive rates and a focus on supporting your success, PRMG is looking for true professionals who are not just order takers but are committed to closing loans and building lasting relationships with clients and real estate agents.

Responsibilities

  • Verifies, compiles, and inputs application information for mortgage loans.
  • Discuss and advise the client of their home loan options.
  • Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage applied for, including but not limited to borrower assets, liabilities, and length of employment.
  • Informs supervisor of discrepancies in title or survey.
  • Performs other related duties as assigned.

Requirements

  • Must have applicable state licensing.
  • Two to five years' experience are preferred.
  • Must meet one of the following options: actively funding more than 2 loans/month, Xinnex Training completion for Loan Origination, or have an origination mentor assigned who funds more than 2 loans/month.

Nice-to-haves

  • Experience with CRM systems and pricing engines.
  • Familiarity with FHA, VA, and USDA loan products.

Benefits

  • Aggressive Compensation Plan up to 225bps
  • Inbound pre-screened leads
  • Referral Generation System
  • In-house underwriting, documentation, and funding
  • Competitive market rates
  • Integration of CRM, pricing engine, and LOS to price deals
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