Junior Loan Officer

Job Description

Job Description

Are you an outgoing people-person who thrives in a fast-paced work environment? If so, we are looking for you! Our lending team is seeking a junior loan officer to help applicants navigate the home loan process. We offer the training, the technology, and the team support to help you succeed. If you are looking for a lucrative career using your communication and interpersonal relationship-building talents, apply today!

$60,000 - $75,000 yearly

• Meet sales expectations, generate new business, get referrals, and monitor sales pipeline
• Communicate with the senior mortgage loan officer/ MLO to make a recommendation of which mortgage loan products are best suited depending on applicant’s financial status
• Assemble financial information to assist with loan applications, prepare loan files, and assess applicants’ financial situation and eligibility
• Collaborate with the mortgage lender or mortgage banker, underwriter, loan processor, senior MLO / mortgage loan originator, and realtors on behalf of the applicant as needed to make sure the loan transaction goes through successfully
• Educate loan applicants about various residential mortgage loans - answer questions and provide additional information to create personal relationships

• Client Engagement : Conduct interviews with clients to understand their financial situation, needs, and loan preferences
• Presentation & Consultation : Prepare and deliver clear loan presentations that outline terms, conditions, and potential pricing scenarios
• Pricing : Accurately price loan products and explain rates, fees, and options to clients
• Pipeline Management : Act as the point of contact for clients throughout the loan process, coordinating with processing and underwriting teams to ensure timely progression
• Relationship Management : Build and maintain strong relationships with clients, aiming for high satisfaction and potential referrals
• Review all loan package documentation for discrepancies, omissions, and income calculation, then report any discrepancies to the loan originator
• Follow up and respond to customer and in-house inquiries on transactions as needed in order to provide superior customer service

• Bachelor’s degree is preferred, but a high school diploma or equivalent is required
• Exceptional communications, sales, relationship, and MS Office skills are necessary
• Possess the intention to complete a training program to obtain NMLS/ MLO/ state license
• Past experience with credit unions, lending institutions, real estate, financial services, or related fields is a bonus, but not required
• Understanding of loan programs guidelines and various types of loans such as FHA, commercial loans, VA, etc is helpful, but not required

• Advance comprehension of loan financing options such as Non-QM, Foreign nationals, Conventional, FHA, VA, and Home Equity Loans
• Computer proficiency required, including MS Office; some CRM, MLS, DU, and proprietary mortgage software preferred
• Ability to effectively work in a strong team-oriented environment and provide outstanding communication and customer service to clients
• 3-5 years of professional office environment experience as a loan officer assistant or mortgage assistant preferred
• Understanding of state and federal legislation, as well as underwriting rules and processes

Cornerstone First Mortgage is a full-service mortgage bank headquartered in San Diego, licensed in 49 states and Puerto Rico. All aspects of the loan process (processing, underwriting, and funding) are conducted in-house. We have grown exponentially over the past few years and are always looking for driven and motivated individuals to join our team.