Disability Solutions - Philadelphia, PA

posted 4 months ago

Full-time - Entry Level
Philadelphia, PA
Administrative and Support Services

About the position

This is a commissioned career opportunity based in the Philadelphia, PA market, focused on soliciting first mortgages through various contacts, including realtors, builders, and developers. The role involves working closely with customers and prospective clients to help them identify and secure mortgage loans that align with their individual financial circumstances and goals, particularly homeownership. The position emphasizes the importance of building and maintaining relationships within the real estate community to generate referrals and expand the company's reach in the mortgage lending market. The responsibilities include developing and expanding referral sources to solicit first mortgages, maintaining regular contact with realtors, and meeting with builders on job sites to discuss lending options. The role also requires participation in building and trade shows, as well as mixers related to real estate to foster relationships and create new opportunities. A significant part of the job involves collecting and analyzing applicants' financial information to assess their qualifications for specific loans, interviewing applicants to gather necessary information, and recommending financial products that best meet their needs. Additionally, the position requires engaging in persuasive sales activities to encourage potential customers to choose the company for their mortgage needs, while also cross-promoting other services and financial products. The loan officer will be responsible for ensuring that all loan originations comply with regulatory standards and will maintain communication with customers throughout the loan process to ensure they understand each step. This role may also involve performing other duties as assigned by the manager, emphasizing the importance of compliance with company policies and regulations.

Responsibilities

  • Develops and expands referral sources to solicit first mortgages.
  • Maintains regular contact with Realtors in their offices and on-site at open house events.
  • Meets with builders on job sites to discuss lending options related to clients building homes.
  • Seeks opportunities to meet with developers regularly.
  • Participates in building and trade shows.
  • Engages in mixers related to real estate to build relationships and forge new ones.
  • Collects and analyzes applicants' financial information to assess qualifications for loans.
  • Interviews applicants to provide required information, including income, assets, investments, debt, credit history, and property characteristics.
  • Identifies customer needs in conjunction with their financial situation and evaluates those needs against available financial products.
  • Recommends financial products that best meet customer needs, advising on risks and benefits of loan alternatives.
  • Recommends terms and conditions of mortgage loans.
  • Engages in customer-specific persuasive sales activities to encourage business with the company.
  • Cross-promotes other services and financial products of the company to outside referral sources.
  • Performs work related to the loans originated, obtaining and analyzing pertinent financial and credit data.
  • Follows current loans to ensure conformity with terms and follows up with customers via telephone and email communication.
  • Completes paperwork related to the loans originated and prepares materials needed to support loan activities.
  • Attends company meetings as necessary and ensures loan originations comply with regulatory standards.
  • Communicates with customers throughout the process to ensure understanding.

Requirements

  • High School Diploma or equivalent.
  • 1 or more years of recent residential mortgage lending experience, including experience in the local market.
  • Proven ability to develop referral sources from contacts and relationships outside the organization.

Benefits

  • Medical plans with prescription drug coverage
  • Flexible spending account or health savings account
  • Dental and vision insurance
  • Life insurance
  • 401(k) program with employer match
  • Employee Stock Purchase Plan
  • Paid time off programs including holiday pay and paid volunteer time
  • Disability insurance coverage
  • Maternity and parental leave
  • Adoption assistance
  • Educational assistance
  • Robust wellness program with financial incentives
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