Mortgage Loan Officer

$100,000 - $750,000/Yr

Swift Home Loans - Birmingham, MI

posted 4 months ago

Full-time - Entry Level
Birmingham, MI

About the position

As a Mortgage Loan Officer at our Birmingham, MI location, you will play a crucial role in evaluating loan applications and determining the creditworthiness of applicants. You will conduct thorough financial analyses to assess the risk associated with each loan application, ensuring that we maintain our reputation as Michigan's #1 Brokerage and America's #1 Refinance Brokerage operating through UWM. Your responsibilities will include negotiating loan terms and conditions with clients to ensure mutually beneficial agreements, as well as collaborating with clients to gather necessary financial documents and information for loan processing. Utilizing loan origination software, such as Quicken, you will streamline the application and approval process, performing credit analyses to assess the likelihood of repayment and adherence to TILA regulations. Maintaining accurate records of loan applications, approvals, and denials is essential, as is collaborating with underwriters and other team members to ensure smooth loan processing. Staying up-to-date with industry trends, regulations, and best practices in loan origination will be key to your success in this role. Our culture is vibrant and fun, and we offer strong opportunities for success and growth. It’s not just about where you are; it’s about who you’re with. Join us to see what all the hype is about!

Responsibilities

  • Evaluate loan applications and determine the creditworthiness of applicants
  • Conduct thorough financial analysis and assess the risk associated with each loan application
  • Negotiate loan terms and conditions with clients to ensure mutually beneficial agreements
  • Collaborate with clients to gather necessary financial documents and information for loan processing
  • Utilize loan origination software, such as Quicken, to streamline the application and approval process
  • Perform credit analysis to assess the likelihood of repayment and adherence to TILA regulations
  • Maintain accurate records of loan applications, approvals, and denials
  • Collaborate with underwriters and other team members to ensure smooth loan processing
  • Stay up-to-date with industry trends, regulations, and best practices in loan origination

Requirements

  • Proven experience in financial sales or a related field
  • NMLS license required
  • Strong knowledge of loan origination processes and procedures
  • Familiarity with accounting software for financial analysis purposes
  • Excellent negotiation skills to secure favorable terms for both the client and the bank
  • Ability to analyze creditworthiness and assess risk accurately
  • Strong attention to detail and ability to work in a fast-paced environment
  • Excellent communication skills, both written and verbal
  • Ability to build rapport with clients and provide exceptional customer service

Nice-to-haves

  • MLO License (Preferred)

Benefits

  • 401(k)
  • Dental insurance
  • Health insurance
  • Life insurance
  • Vision insurance
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