Loan Officer

$31,200 - $31,200/Yr

New American Funding - Novi, MI

Full-time - Entry Level

Novi, MI

Credit Intermediation and Related Activities

About the position

The Loan Officer position at New American Funding involves receiving inbound calls from generated leads and providing loan solutions to customers. The role emphasizes building relationships with borrowers, analyzing their financial situations, and guiding them through the loan process. The position offers comprehensive training and modern tools to ensure success in a fast-paced environment.

Responsibilities

• Build rapport and leverage customer relationships with existing and potential borrowers.
• Analyze customers' financial situations and provide appropriate loan product solutions.
• Perform lock extensions, pipeline management, and appraisal orders.
• Excel in a fast-paced environment, multitasking and following up with multiple customers.
• Accept multiple live, qualified inbound leads daily.
• Lock loans at point of sale and request initial documents from customers.
• Submit an initial, paperless loan package to production staff.
• Collect and analyze customer documentation for submission to underwriters for pre-qualification.
• Structure and price loans accurately.

Requirements

• High school diploma or GED.
• Some experience and current product knowledge of FHA, VA, Conventional, and other loan programs.
• Demonstrate working knowledge of federal and state guidelines, rules, and regulations such as TRID.
• Excellent written and oral communication skills.
• 0-2 years' experience in related roles such as Loan Processor, Jr. Processor, or Loan Officer Assistant.
• Proficient with Encompass or other paperless mortgage loan origination systems.

Nice-to-haves

• NMLS licensing preferred but not required in some branches.

Benefits

• 401k
• paid holidays
• paid vacation