Mortgage Loan Officer

$159,384 - $189,682/Yr

Olympian Mortgage Corp - Dearborn, MI

Full-time - Entry Level

Remote - Dearborn, MI

Credit Intermediation and Related Activities

About the position

The Mortgage Loan Officer position involves evaluating loan applications, determining borrower eligibility, and providing exceptional customer service in the financial services industry. This role requires strong analytical skills to assess financial information and ensure compliance with lending regulations while collaborating with underwriters to make informed lending decisions.

Responsibilities

• Evaluate loan applications and determine the eligibility of borrowers
• Collect and analyze financial information, such as credit reports, income documentation, and bank statements
• Review loan agreements to ensure compliance with regulations and policies
• Calculate loan amounts, interest rates, and repayment terms
• Collaborate with underwriters to assess risk and make lending decisions
• Provide exceptional customer service by answering inquiries and resolving issues
• Stay up-to-date with industry regulations and changes in lending practices

Requirements

• Proven experience as a Loan Officer or similar role in the financial services industry
• Strong knowledge of loan origination processes and underwriting guidelines
• Familiarity with accounting software and Quicken
• Excellent mathematical skills for calculating loan amounts, interest rates, and repayment terms
• Knowledge of TILA (Truth in Lending Act) regulations and other relevant laws
• Ability to analyze financial documents and make informed lending decisions
• Exceptional communication and interpersonal skills to build relationships with clients
• Detail-oriented with strong organizational skills to manage multiple loan applications simultaneously

Nice-to-haves

• Sales experience (1 year preferred)

Benefits

• Dental insurance
• Flexible schedule
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Professional development assistance
• Referral program
• Relocation assistance
• Vision insurance
• Bonus opportunities
• Commission pay