Sr. Loan Officer

$75,000 - $200,000/Yr

New American Funding - Novi, MI

Full-time - Entry Level

Novi, MI

Credit Intermediation and Related Activities

About the position

The Loan Officer position involves handling inbound calls from qualified home shoppers, providing them with loan options, and ensuring a smooth loan origination process. The role emphasizes building strong customer relationships, analyzing financial situations, and structuring loans accurately. Loan Officers will benefit from ongoing training and support, with opportunities for high commissions and a stable business model in the mortgage industry.

Responsibilities

• Build rapport and leverage customer relationships with existing and potential borrowers.
• Analyze customers' financial situations and provide appropriate loan product solutions.
• Excel in a fast-paced environment, multitasking and following up with multiple customers.
• Accept multiple live, qualified inbound leads daily.
• Lock loans at point of sale, request initial documents from customers, and submit a paperless loan package to production staff.
• Structure and price loans accurately.

Requirements

• 3+ months full-time loan origination experience, preferably in a call center environment.
• Strong desire to succeed in a sales environment and be a top producer.
• Ability to correctly and accurately structure and price loans.
• Complete knowledge of conventional and government loan programs (purchase and refinance).
• Current NMLS license.
• Four or more additional state NMLS licenses preferred.

Nice-to-haves

• High School Diploma or equivalent.
• Two or more recent years' full-time loan origination experience, preferably in a call center environment.
• Minimum of four approved state licenses through the NMLS.

Benefits

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Employee discount
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance
• Bonus opportunities
• Commission pay