Purchase Loan Officer

$50,000 - $50,000/Yr

Pennymac - Pasadena, CA

posted 6 months ago

Full-time
Pasadena, CA
1,001-5,000 employees
Real Estate

About the position

PennyMac is a specialty financial services firm that focuses on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. The Purchase Loan Officer plays a crucial role in assisting both new and existing customers with their purchase loan needs. This position involves consulting with clients to understand their current and future financial goals, advising them on the home-buying process, and providing guidance on mortgage solutions that best fit their needs. The Loan Officer will be responsible for managing leads in accordance with company policies and lending guidelines, ensuring compliance with all regulations while meeting production goals. A typical day for a Purchase Loan Officer includes counseling borrowers on various mortgage options, presenting transaction-appropriate pricing, and managing pipeline activities. The role requires excellent interpersonal skills, the ability to multitask in a fast-paced environment, and a strong sense of organization and responsibility. The Loan Officer must demonstrate behaviors aligned with the organization's culture and values, which emphasize accountability, reliability, and ethical conduct. Joining PennyMac means becoming part of a team that has helped over 4 million homeowners achieve their dreams. The company is committed to fostering an equitable and inclusive environment, ensuring that all employees and customers feel valued and supported. With a focus on long-term sustainable growth, PennyMac offers a dynamic work culture where employees can thrive and contribute to the company's mission of being the most trusted partner for homeownership.

Responsibilities

  • Assist new customers and existing Pennymac customers with their purchase loan needs.
  • Consult with clients about current and future needs to help them achieve their financial goals through purchase acquisitions.
  • Advise and educate clients on the home-buying process and mortgage management.
  • Counsel borrowers on mortgage solutions and provide guidance on product options.
  • Present all options to customers and apply transaction-appropriate pricing according to company guidelines.
  • Manage pipeline activities while meeting production goals and compliance requirements.
  • Perform other related duties as required and assigned.
  • Demonstrate behaviors aligned with the organization's culture and values.

Requirements

  • Origination and lending experience.
  • Excellent interpersonal, written, and verbal communication skills.
  • Ability to multitask and work in a fast-paced environment.
  • Strong organizational skills and sense of responsibility.

Benefits

  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Life insurance
  • Paid time off
  • Parental leave
  • Tuition reimbursement
  • Wellness Programs
  • Employee Recognition Programs
  • Onsite gyms and cafe style dining (select locations)
  • Retirement benefits
  • Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorships
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