Advanced Loan Partner 2

Job Description

Job Description

Advanced Loan Partner Position (LP2)

Are you looking to work alongside leaders in the mortgage industry who will help you grow your career? We’re looking for a full-time Loan Partner 2 (LP2) who will help our applicants get mortgage-ready and support them throughout the loan process. The Loan Partner is responsible for accurately prequalifying home loan applications, issuing and managing quality pre-approval letters, and overseeing the success of every loan in the committed pipeline.

The LP2 will work cohesively with the Loan Officer(s), borrowers, loan processors, underwriters, and third parties to close 95%+ of all loans on time while providing an outstanding experience from application to close. This position requires substantial cash, credit, capacity (income), collateral, communication skills, and the ability to be resourceful.

This position is the "right hand" to assist our Lead Loan Originator in sales and CRM management. It is a remote position; however, most of the clients are in Pacific or Mountain time zones, which requires working those hours. Central time is considered case-by-case.

Job seekers should be organized, detail-oriented professionals driven to succeed in their role. If you’re interested in joining a team that empowers employees, clients, and partners to help them reach their goals, apply today!

$75,000 - $100,000 yearly

3 Core Duties Key Measurements

Pre-Application:

• Contact all borrower(s) within 24 hours after an Initial Loan Consultation
• Request and review cash, credit, and capacity (income) qualifications for all borrowers

Pre-Approve:

• Accurately pre-approve all eligible borrowers
• Handle payment scenario requests and accurately estimate closing cost scenarios
• Proactively contact pre-approved buyers
• Communicate effectively with Realtor partners

Pipeline:

• Onboard all newly received contracts for Rate Lock Consultation
• Submit loan applications to Loan Processing for eDisclosures
• Execute outstanding weekly borrower and realtor Updates, Pre-Closing Funding Calls
• Ensure 95%+ loans close on time with daily check-ins to address choke points
• Resolve 95%+ of loan issues before escalating to the Loan Officer

Essential Duties of this Position:

Pre-Application:

• Contact all newly received applications within 24 hours of assignment by the LO
• Thoroughly review 1003 with the borrower(s) and request the necessary documents
• Explore all options before turning down a pre-approval request
• Keep Realtor partners updated on the progress
• Stay up to date on investor guidelines program changes

Pre-Approve:

• Communicate pre-approval parameters to borrowers
• Provide supplemental pre-approval documents
• Notify the referring Realtor immediately after issuing pre-approval
• Expedite rush pre-approval requests
• Flag any red flags or potential issues to the LO or Team Captain (if applicable)
• Dedicate a time block weekly to pre-approval outreach

Pipeline:

• Expedite onboarding for newly received contracts
• Perform a daily “gauge check” to identify “hot loans.”
• Attend daily branch pipeline meetings to track loan milestones
• Deliver weekly borrower update calls (and Realtors, when needed)
• Coordinate closely with loan processing teams
• Contact borrowers, attorneys, and realtors 24 hours before contingencies expire
• Review Closing Disclosures for accuracy against the Loan Estimates
• Conduct pre-closing phone calls (48 hours before closing)
• Make congratulatory funding calls to borrowers, Realtors
• Provide post-closing/funding support
• Be available after hours for urgent questions (via mobile email and text)
• Consistently exceed borrower and referral partner expectations

Minimum Standards for Hire

• Must maintain an active NMLS license or be willing to get licensed immediately
• Minimum 5 years in recent residential mortgage processing, underwriting, or origination (we will not consider applicants who have not worked extensively with residential mortgages - no SBA or commercial experience will be considered)
• Remote position, but prefer to hire in Pacific or Mountain time zones. Central time may be considered case-by-case. Will not consider the Eastern time zone
• Proficient in DU/DO, LP, and major investor guidelines
• Experience with Loan Origination Systems (ARIVE preferred)
• Experience with CRM management systems (GoHighLevel experience is a bonus)
• Skilled in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook, OneNote)
• Strong verbal and written communication skills, including web-based meetings
• Ability to work under pressure and meet deadlines
• Excellent time management and organizational skills
• Ability to collaborate across the branch and corporate levels.
• Completion of regulatory compliance training

Masters Of Lending Team has been involved in loan origination for 20 years. Our lead Originator has been ranked in the top 1% in the nation for over 15 years. We are licensed in 15+ states from west to east; however, most of the business is on the West Coast (OR, WA, CA, ID) along with CO.

We are licensed under C2 Financial Corporation, which is a large mortgage lender and broker, in existence for decades. This team is focused on long-term client and referral partner relationships, no matter where the borrower or partner lives. We have a heavy emphasis on technology, web-based meetings, and strong phone communication. Our CRM is very robust and has amazing tools built in to assist with client communication and retention, plus follow-ups with partners.

We also have a heavy emphasis on giving back to charity and community when possible.