Loan Officer Assistant

Loan Officer AssistantThe Loan Officer Assistant (LOA) provides comprehensive support to one or more Loan Originators throughout the loan file production and submission process. This role is focused on delivering an exceptional experience to borrowers and referral partners while ensuring loan files are accurate, complete, and compliant with Key Express submission requirements. By managing day-to-day file support, the LOA enables Loan Originators to dedicate more time to business development and relationship building.Essential DutiesSubmit concise loan applications for the Loan Officer by auditing, reviewing and validating data entry to match supporting documentationCommunicate with and support Loan Processors to obtain conditionsAssist clients and guide them through the mortgage pre-approval processReviewing supporting documents and information to determine what is neededTrack outstanding items on all loan files and follow up with borrowers for additional information & documents using point of sale system, Glyde, to ensure timely receipt of necessary documentation.Running AUS and notifying LO that the file is ready for review and Pre ApprovalUnderstand income sources and accurately calculate borrower qualifying incomeAnalyze credit reports to understand liabilities and identify potential issuesCalculate housing and expenses ratiosUtilizing AUS tools (DU / LP) findings to obtain eligible / accept recommendationsOther duties may be assigned to provide coverage or additional administrative assistanceLicensed DutiesHas the ability to assist in discussing rate and terms with clientsAble to originate loans either for themselves or on behalf of the loan officer they support provided it does not impede the required support functionsHave knowledge of and ability to interpret mortgage program guidelines utilizing the available tools and software