100% Remote Job Full-Time Employee US
Certainly, here is a more detailed description of the vacant position of Loan Advisor:
Job Summary: The Loan Advisor is responsible for the management and origination of a portfolio of mortgage loans. This role entails working with self-generated leads, referrals, and inside mortgage loan sources. The primary objective is to ensure compliance with federal and state regulations, as well as company processes and procedures, throughout the entire loan origination process. In addition to the core responsibilities, the Loan Advisor should be flexible and willing to take on ad-hoc projects as they arise, contributing to the overall success and growth of the lending department.
- Loan Origination: Originate mortgage loans by working closely with borrowers, understanding their financial needs, and guiding them through the application and approval process. Utilize various sources, including self-generated leads, referrals, and inside mortgage loan opportunities to build a robust loan portfolio.
- Compliance: Maintain a thorough understanding of federal and state regulations related to mortgage lending. Ensure all loans are processed and underwritten in strict adherence to these regulations. Keep up to date with any changes in lending laws and regulations.
- Customer Service: Provide exceptional customer service to borrowers, answering questions, addressing concerns, and maintaining open communication throughout the loan process. Strive to create a positive experience for all clients.
- Documentation: Accurately complete all necessary loan documentation and paperwork. Ensure all required information is collected, verified, and properly organized for underwriting and approval.
- Pipeline Management: Manage a loan pipeline, keeping track of the status of each loan application, and ensuring timely and efficient processing from application to closing.
- Ad-Hoc Projects: Be prepared to take on ad-hoc projects and tasks as they arise. These projects could include process improvements, special loan programs, or other initiatives aimed at enhancing the lending department’s performance.
- Team Collaboration: Collaborate effectively with other members of the lending team, underwriters, processors, and other departments as needed to ensure the smooth flow of loan origination and servicing.
- Professional Development: Stay up to date with industry trends, best practices, and the latest technologies and tools in mortgage lending. Continuously seek opportunities for professional growth and improvement.
- Bachelor’s degree in finance, business, or a related field (preferred).
- Mortgage Loan Originator (MLO) license or relevant state-specific licensing.
- Previous experience in mortgage loan origination and a proven track record of successful loan closings.
- Strong knowledge of federal and state mortgage lending regulations.
- Excellent communication and customer service skills.
- Detail-oriented with a focus on accuracy and compliance.
- Proficient in relevant mortgage loan software and tools.
- Ability to work in a dynamic and fast-paced environment.
- Strong problem-solving and analytical skills.
Working Conditions: The Loan Advisor will typically work in an office environment. However, the role may require occasional travel for meetings with clients, partners, or industry events.
Application Process: Interested candidates are encouraged to submit their resume, cover letter, and any relevant certifications or licenses. The selection process may include interviews, assessments, and background checks.
This detailed description provides a comprehensive overview of the Loan Advisor role, including its responsibilities, qualifications, and the application process. It is essential for attracting qualified candidates and setting clear expectations for the role.
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