We are seeking a driven and detail-oriented Loan Partner 2 (LP2) to manage borrower prequalifications, pre-approvals, and pipeline execution for a high-performing mortgage team. The LP2 plays a critical role in ensuring loans are structured properly, communicated clearly, and closed on time.
This role works closely with the Loan Officer, borrowers, processors, underwriters, and third-party partners to maintain 95%+ on-time closings while delivering a concierge-level borrower and referral partner experience.
Compensation: $50,000+ base salary with potential per-file bonus, based on performance and team structure.
Compensation:
$50,000+ base salary plus bonus potential
Responsibilities:
3+ Core Duties & Key Measurements
Pre-Qualify:
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Serve as an available resource for referral partners
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Engage in soft qualification conversations to help assess general borrower readiness and scenario viability
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Answer referral partner questions such as:
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Condo warrantability
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Bank statement borrower scenarios
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Recasting and general loan structure questions
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Communicate effectively with all referral partners (Realtors, financial advisors, builders, and other partners) using clear, accurate, and compliant language
Pre-Approve:
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Accurately pre-approve qualified borrowers
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Prepare payment and scenario requests
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Proactively engage pre-approved buyers
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Communicate effectively with referral partners
Pipeline Management
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Onboard all new contracts for rate lock consultation
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Submit applications to processing for disclosures
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Execute borrower updates, pre-closing, and funding calls
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Ensure 95%+ of loans close on time. Resolve 95%+ of loan issues prior to LO escalation
Essential Duties of This Position
Pre-Qualify
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Act as an available resource for referral partners when the Loan Officer is unavailable
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Engage in soft qualification conversations to assess general borrower readiness and overall scenario viability
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Respond to referral partner questions related to:
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Condo warrantability
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Bank statement borrower scenarios
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Recasting and general loan structure questions
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Communicate clearly, accurately, and compliantly with all referral partners, including Realtors, financial advisors, builders, and other strategic partners
Pre-Approve
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Communicate approval terms clearly to borrowers
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Issue supplemental pre-approval documentation
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Notify Realtors immediately after issuing approvals
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Expedite rush pre-approval requests
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Flag red flags to the LO or Team Captain
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Dedicate weekly time to proactive pre-approval outreach
Pipeline
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Perform daily pipeline “gauge checks”
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Attend pipeline meetings and milestone reviews
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Deliver consistent borrower and Realtor updates
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Review Closing Disclosures for accuracy
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Conduct pre-closing and congratulatory funding calls
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Provide post-closing support and urgent after-hours assistance
Additional Responsibilities
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Maintain high professionalism in all written and verbal communication
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Act as a concierge between borrowers and business partners
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Consistently exceed borrower and referral partner expectations
Qualifications:-
An active NMLS license is required
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Minimum 5 years of mortgage loan officer assistant, processing, underwriting, or origination experience
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Proficient in DU/DO, LP, and investor guidelines
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Experience with major LOS platforms
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Strong verbal and written communication skills
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Excellent organization, prioritization, and time management
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Ability to collaborate across departments
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Completion of regulatory and compliance training
About Company
Modern Mortgage is a Local Mortgage Broker based in Modesto, CA, and the #1 Branch/Company at NEXA Lending 3 years in a row.
We shop over 300 investors to offer the most competitive rates and programs available. We have a team of seasoned Modern Loan Advisors who take advantage of today's Modern tools to streamline the process to get you to the finish on time, quickly, with a hassle-free closing.
