Inside Loan Officer

Job Description

Job Description

Description:

Position Overview:

The Inside Loan Officer’s primary role is to source, qualify and originate mortgage loans for Panorama Mortgage Group.

Key Responsibilities:

• Monitor loan pipeline through Lenders Office.
• Attend weekly sales meetings.
• Take information from the prospective borrower and complete the loan application form.
• Analyze the prospective borrower’s income and debt and pre-qualify the prospective borrower to determine the maximum mortgage amount that the prospective borrower can afford.
• Perform basic office functions including taking phone calls, scheduling meetings for loan officers, and making copies.
• Stack file for processing.
• Educate the prospective borrower in the home buying and financing process, advising the borrower about the different types of loan products available and demonstrating how closing costs and monthly payments could vary under each product.
• Maintain regular contact with the borrower, realtors and the Company between the time of the application and closing to apprise them of the status of the application and gather any addition information.
• Assist in collecting missing documentation for completion of loan files from borrowers.
• Determine whether the property is in a flood area, where required by the Company.
• Attend the closing of the mortgage loan, if requested by the company.
• Under no circumstances shall the Inside Loan Officer be compensated greater than the amount negotiated in the Inside Loan Officer Compensation Agreement.
• Able to comply with the policies and procedures outlined in the Company Handbook
• Perform other duties as assigned.

Requirements:

Education/Experience:

• Must have a current license through NMLS and be in good standing
• Knowledge of Freddie Mac (FHLMC), Fannie Mae (FNMA), FHA, and VA
• Knowledge of the principles and theories
• Two (2) years prior mortgage or mortgage banking experience
• Ability to deliver effective results and to meet deadlines
• History of exceeding sales goals
• Reliable transportation, valid driver’s license and current automotive insurance
• Sound judgment and decision-making skills
• Ability to work under pressure and meet deadlines with minimal supervision
• Excellent phone and service skills
• Timely communication and response times according to department standards

Language:

• English preferred, Bi-Lingual (English/Spanish) desired.

Compensation :

• PMG will offer a competitive compensation package commensurate with the background and experience of the applicant.