Loan Officer

Panorama Mortgage Group - Las Vegas, NV

Full-time - Entry Level

Las Vegas, NV

Credit Intermediation and Related Activities

About the position

The Outside Loan Officer at Panorama Mortgage Group plays a crucial role in sourcing, qualifying, and originating mortgage loans. This position primarily involves working outside the company's offices to solicit and obtain business from various referral sources, including realtors, builders, financial service providers, and directly from borrowers. The Loan Officer is expected to comply with all outside sales and reporting obligations, ensuring that they produce loans according to the targets set by their manager while upholding the integrity of the brand. Familiarity with originating loans is essential, as the Loan Officer must properly qualify consumers and issue pre-approvals according to established guidelines. In addition to loan origination, the Loan Officer is responsible for monitoring the loan pipeline through the Lenders Office and tracking productivity via reporting tools. Compliance with all government and regulatory requirements is paramount. The Loan Officer has the flexibility to determine their own hours of work, as there is no specific number of hours required per week; work hours are at the officer's discretion. The role also involves taking information from prospective borrowers to complete loan application forms, setting yearly goals, and attending meetings with the manager. Educating borrowers about the home buying and financing process is a key responsibility, including advising them on different loan products and how closing costs and monthly payments may vary. Maintaining regular contact with borrowers, realtors, and the company throughout the application process is essential to keep all parties informed about the status of the application and to gather any additional information needed. The Loan Officer will also collect financial documents, order credit reports when necessary, and determine if properties are located in flood areas as required. Attendance at loan closings may be requested by the company, and the Loan Officer must comply with the policies and procedures outlined in the company handbook. This position does not have any supervisory responsibilities, allowing the Loan Officer to focus on their primary duties without the added burden of managing a team.

Responsibilities

• Comply with outside sales and reporting obligations, duties, requirements and guidelines.
• Produce loans according to targets set by manager.
• Uphold integrity of the brand.
• Properly qualify consumers and assure that you are issuing pre-approvals according to guidelines.
• Monitor loan pipeline through Lenders Office.
• Monitor productivity via reporting tools.
• Ensure compliance with all government and regulatory requirements.
• Determine hours of work at your discretion.
• Complete loan application forms with prospective borrowers' information.
• Set yearly goals and attend meetings with manager.
• Educate borrowers about the home buying and financing process.
• Analyze prospective borrowers' income and debt to pre-qualify them.
• Maintain regular contact with borrowers, realtors, and the company during the application process.
• Collect financial information and related documents for the application process.
• Order credit reports when required by the company.
• Determine if the property is located in a flood area, where required by the company.
• Attend the closing of the mortgage loan if requested by the company.
• Comply with the policies and procedures outlined in the Company Handbook.
• Perform other duties as assigned.

Requirements

• Must have a current license through NMLS and be in good standing.
• Knowledge of Freddie Mac (FHLMC), Fannie Mae (FNMA), FHA, and VA.
• Two (2) years prior mortgage or mortgage banking experience.
• Ability to deliver effective results and meet deadlines.
• History of exceeding sales goals.
• Reliable transportation, valid driver's license, and current automotive insurance.
• Sound judgment and decision-making skills.
• Ability to work under pressure and meet deadlines with minimal supervision.
• Excellent phone and service skills.
• Develop and maintain relationships within the real estate community.
• Timely communication and response times according to department standards.

Nice-to-haves

• Fluency in a second language is desirable.