Job Summary
We are seeking a proactive and detail-oriented Loan Officer Assistant to join our dynamic financial services team. In this role, you will support loan officers throughout the entire loan process, from origination to closing, ensuring a smooth and efficient experience for clients. Your expertise in mortgage procedures, underwriting, and credit analysis will be vital in helping clients secure the financing they need while maintaining compliance with industry regulations. This position offers an exciting opportunity to develop your skills in a fast-paced environment dedicated to delivering exceptional service and fostering professional growth.
Responsibilities
- Assist loan officers with loan origination tasks, including gathering client documentation and preparing initial applications
- Support the underwriting process by reviewing financial documents, performing credit analysis, and verifying borrower information in accordance with FNMA (Fannie Mae) guidelines
- Coordinate with clients to collect necessary disclosures, such as TILA (Truth in Lending Act) statements and contracts, ensuring timely delivery and compliance
- Help process loans by reviewing escrow details, calculating basic math figures related to loan amounts and payments, and preparing documentation for approval
- Maintain accurate records of loan files, processing updates efficiently while adhering to Fair Housing regulations and mortgage servicing standards
- Collaborate with banking partners and internal teams to facilitate smooth loan processing and ensure all steps meet regulatory requirements
- Support loan officers in managing communication with clients throughout the loan lifecycle, providing updates on status and next steps
Qualifications
- Prior experience as a Loan Officer Assistant or in a similar role within financial services or banking environments
- Knowledge of FNMA guidelines, underwriting procedures, and mortgage servicing processes
- Familiarity with loan origination systems, TILA disclosures, contracts, and escrow procedures
- Strong understanding of credit analysis techniques and basic math skills necessary for calculations related to loans and payments
- Ability to handle sensitive client information with confidentiality while complying with Fair Housing regulations
- Excellent organizational skills with attention to detail; proficiency in 10-key typing is preferred
- Effective communication skills to coordinate with clients, lenders, and internal teams effectively
Join us to be part of a dedicated team that values professionalism, accuracy, and exceptional service. This role offers an engaging environment where your contributions directly impact clients’ financial goals while advancing your career in the mortgage industry.
Pay: $60,000.00 - $130,000.00 per year
Work Location: In person
