Loans officers can specialize in commercial, consumer, or mortgage loans. ... should be rewarded for their outstanding achievements, AND for helping others achieve as well. This position requires an individual who has the desire to make a difference within the organization. Commended 11x by loan officer for attention to detail. Responsible for auditing MHA loan modification declines and approvals by reviewing loan documents, calculating income, and confirming underwriting loan decisions. Communicate with both bank and client attorneys to ensure that all documents related to releasing/reinstating mortgages are prepared in compliance with State/County standards, and in a timely manner to meet customer, attorney or State/County deadlines. APPLY NOW. My team’s number one priority is to make sure you experience great service along with the options you and your family understand and are comfortable with. Participating in an online chat pilot. You should have several essential qualities to succeed at becoming a loan officer. They work for commercial banks, mortgage companies or credit unions. All rights reserved. This occupation requires some education, experience, and training. 5. One such option is the American Banker's Association Certificate in Loan Review. Job description and duties for Loan Officer. Originate conventional, FHA, VA and USDA mortgage loans, Knowledge of conventional and/or government guidelines. 2012 sales volume in excess of 15 million dollars. Implemented SEO strategies for multiple company websites. Obtained and compiled copies of loan applicants' credit histories, corporate financial statements, and other financial information. Instead, discuss achievements you made like reducing expenses, increasing efficiency, or winning awards. Use our Career Test Report to get your career on track and keep it there. Duties consisted of gathering data and appropriate documentation for consumer and loan closings. Actively managed continuous pipeline ranging from 50-95 loans on average, totaling approx. Loan officers are sought-after employees by banks, credit unions, and mortgage companies. Oversaw processing and underwriting of conventional residential loan application, Aligned operation with corporate policies/procedures and state/federal regulations, Generated new business through presentations to customers and follow-up, Maintained Top 10 sales producer; Produced $10 mil+ mortgage sales annually, Reviewed and update credit and loan files, Completed loan contracts by explaining provisions to applicant, Helped customers by answering questions and responding to requests, Maintained customer confidence by keeping loan information confidential. Responsible for verifying, compiling, and typing application information for mortgage loans, Assist the other Loan Officers regarding mortgage loans and follow- up with clients to collect all documents necessary to close loan, Update mortgages clause on Homeowners Insurance policies, Process external and internal payoffs for old mortgages and lines of credit, Review and arranges file in proper stacking before submitting to underwriting, Interface with attorneys and loan officers to ensure all documents were in place before closing date, Mail the letter of approval and denial to the applicants, Record data on the status of loans like number of new applications, approved loans, canceled, or denied, using computer. Loan officers typically need a bachelor’s degree, usually in a field such as business or finance. Supervise the execution of transactions and responses to customer and 3rd party related inquiries. Extensive over the phone sales experience, Assist prospective clients in refinancing and originating mortgages, Promoted to Mortgage Loan Officer within the first month of being hired, Telemarketing mortgage loans from Lead System, Help desk for junior mortgage loan officers, KY State NMLS exam passed - license not obtained, Mortgage loan officer consistently met or exceed monthly loan volume requirements, Excellent network of business contacts in place and cold calling skills phenomenal, Superb knowledge of most all residential mortgage guidelines, Consistently attendance at mortgage seminars & product training sessions, Strategic Alliance account management of a real estate brokerage of 60+ Realtors with weekly status to management and key stakeholders, Management of mortgage section for 2 Bank of America banking centers. Possess an understanding of all modification programs and alternatives, investor requirements, regulatory limitations, and standards to provide best resolution options, showing advanced negotiation skills. Generate Consumer and Mortgage Loans through analyzing financial statements and documents. Use our Job Description Tool to sort through over 13,000 other Job Titles and Careers. Loan Officer Duties and Responsibilities – Loan officers are employees of the credit union. Ensure that loans meet federal and state standards and requirements. Work closely with past due customers on loss mitigation options. Mortgage loan officers work on loans for both residential and commercial properties. Performed budgetary, product and/or business case analysis by researching and analyzing special projects as they are assigned. Occasionally, but rarely, they might only earn commission. Originated, processed and closings for mortgage loan applications taken for 5 First Charter branches. Bachelor's degrees are often needed in this profession, and employers look for candidates who can list federal licensing on their resumes. Promoted to Senior loan officer over five people in just six months after successful completion of in-house series sales training classes. They have a high level of responsibility, often evaluating, authorizing, or approving loan applications. Established business relationships with Realtors, Builders and Attorneys, Responsible for the direction of all aspects of processing the Cash Flow Manager Program. This is primarily an office job, but it can also depend on a loan officer's specialty. Versatility and flexibility across a wide spectrum of business tasks are key to the success of the role. Loan Officer Job Description: Salary, Skills, & More, Athletic Trainer Job Description: Salary, Skills, & More. Monitor past due loans and debt collection. Holland Code: E-S-C Loan Officer Resume Skills List As a Loan Officer, you wear many hats. Originate mortgages for home purchases and refinances. Oversee a banking center in order to enhance their sales productively around mortgage lending. What Are the Best Jobs in the Banking Industry? Northpointe Bank is seeking a detail oriented, customer service minded individual to join our Retail Lending Team in Palm Beach, Florida as a Loan Officer. Identify, develop and maintain a quality network of business relationships. Loan officers' responsibilities can depend on their area of specialization, but some common duties include: Loan officers' salaries can depend on their employers and the scope of their responsibilities. Commended 11x by loan officer for strict attention to detail. Name the referee who you are writing this letter to recommend. Implemented marketing strategies through managing: direct mail, Social Media presence, website, and Email campaigns. Used Calyx Point mortgage loan software to process 15 loans a week with 99.9% accuracy. Track and organize received data and source papers for computer entry. Analyze and process financial data to get clients approved for mortgage financing, Counsel current and prospective members about Navy Federal products and services. This is a full-time position and can involve extensive additional hours over 40 per week. This field is heavily dependent on the current state of the economy, however, and growth can shift from field to field. Learned and performed the mortgage lending function in a temporary role during the 2008 refinance boom, closing over 150 units for over $23 mm in loan production. Key role with collaboration with business partners in consumer financial investments, small business banking, and consumer retail banking to meet goals and uncover banking relationship deepening opportunities, Manage pipeline of multiple loans from initiation to closing; directing team members on each file, monitoring loan status, driving work to get loans to closings on time and without additional costs, Consult and assess customer needs and present options to facilitate sale, Contract and financial documentation review; monitoring loan pipeline: status, changes, loan closing, approvals and terminations, Prepare and analyze mortgage loan applications along with other disclosures, Work with customer to ensure loan program fits their needs. Experience with FNMA, FHA & VA loan guidelines. Created, executed, and evaluated multiple marketing campaigns to ensure maximum ROI. The Loan Officer is also expected to lead business development efforts aimed at growing our loan portfolio. Maintain accurate records and money handling. Solidify and maintain relationships with local realtors and builders. Oversee entire mortgage process including application, origination, underwriting and closing. Loan Processor. 2. Candidate Info Oversaw approximately 200 team members' loan officers, processors and closers and managed all of the pricing, pre-approvals and RESPA, title and appraisal. Created a home buying PowerPoint presentation used to educate and inform home buyers about different real estate financing solutions to meet their needs. Step 1: Earn a Bachelor's Degree. As a credit officer, you may want to use verbs like research, collaborate, report, advise, explain, and prepare. Take a look back at our sample job description for Loan Officer resume. Assist in preparation of loan documents and closing of loans, Provide customer service from the origination to closing of the loan, Handle communication between customers, underwriters, and attorneys necessary documents for loan. Image by Alexandra Gordon © The Balance 2019. Andrea Martinez Bio Loan Officer Phone:(920) 965-0700 Ext:117 Cell:(920) 246-6360 Email:amartinez@patriotms.com 1241 Lombardi Access Road, Green Bay, WI Awarded this achievement six times overall since date of hire. MEMBER DEVELOPMENT & LOAN OFFICER – 15+ YEARS’ COMBINED EXPERIENCE Achievement-oriented professional with extensive experience in financial management, business development, and account management. With backgrounds and experiences as varied as the clients we serve, we are a Community of professionals who care about each other. Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans. These offices are always heated and air conditioned for the comfort of customers and employees. Act as a salesperson, persuading clients to obtain loans from their institutions rather than anywhere else. Find out what is the best resume for you in our Ultimate Resume Format Guide. Only six loan officers, out of one hundred, were asked to participate in the online chat pilot. Join Swan Financial . Credit and Loan Officers work in banks, loan offices, credit unions and other lending facilities. Assemble documentation on loans to ensure compliance with company policies and procedures as well as federal and state laws, regulations. Communicating audit findings via reporting systems and making recommendations on how to improve the control environment. Pulled & analyzed TransUnion, Equifax, Experian credit bureaus. Awarded Top 10 Percent Loan Officer Achievement twice in the first 12 months of hire date for origination sales volume. Use our Job Search Tool to sort through over 2 million real jobs. Pursue Lifestyle Freedom as you build your pipeline & add a second stream of revenue. Managed all accounts and provided excellent customer service to consumers and team members. Awarded this achievement six times overall since date of hire. Sold and marketed PointBank's mortgage loan products within bank policies and procedures; obtained consistent effective referrals of mortgage clients; developed and executed effective marketing plans to meet & exceed objectives, Maintained complete knowledge of PointBank's mortgage strategies, policies, and procedures, secondary market investor's guidelines utilized by the bank, and federal and state established laws, Educated and advised clients on mortgage products and services to best meet their needs and to benefit them; ensured the clients and the bank benefited from all loans closed, Maintained knowledge of all mortgage loans and mortgage loan regulations such as Conventional, FHA, VA, Fannie Mae, Freddie Mac, and USDA; abided by all guidelines, policies, procedures, and regulations, Updated and maintained an extensive client database to maintain relationships & follow-up on leads, Exceed goal for customer satisfaction on a quarterly bases, Working with clients online through [company name] webpage, Trained in over ten systems/tools for mortgage sales, Participate in the continuity program to retain all client base. Saved $15 million annually by reducing fixed spending 10% and variable overhead spending 19% through a variety of cost-improvement initiatives through better utilization of resources. Those employed by mortgage lenders can expect to occasionally travel to meet with clients at their homes, and those employed by commercial lenders might be expected to visit businesses. The pay of those who are paid on a commission basis can directly correlate with the number of hours they're willing to dedicate to work. Here's What You Need to Know, Manager Job Description: Salary, Skills, & More, Photographer Job Description: Salary, Skills, & More, Wildlife Officer Job Description: Salary, Skills, & More. Process account and customer source documents using the company systems Linx, Boss, AS 400, FileNet, FileNet Capture, IC. Continually communicate with current customers regarding their purchase or refinance status. Working knowledge of Freddie Mac lending guidelines (Loan Prospector), Responsible for creating mortgage department's month end production report, Licensed mortgage loan officer in several states, Specializing in Conventional/Fixed, FHA, Jumbo and ARM Loans. Some might eventually supervise other loan officers and clerical staff. The best examples from thousands of real-world resumes, Handpicked by resume experts based on rigorous standards, Tailored for various backgrounds and experience levels, In charge of all mortgage clients within 4 NV Home developments with sales prices ranging for $425K to $1.5M. Provide new & existing clients with appropriate mortgage products & services by offering presentations and seminars for residential financing. The company operates under the brand names of loanDepot.com, imortgage, Mortgage Master and LDWholesale, and maintains dual corporate headquarters in Foothill Ranch, CA and Plano, TX. They report to the loan department supervisor or the general manager. Discuss any training and education related to the job at hand. She is a former writer for The Balance Careers. Mortgage Loan Officers, or Mortgage loan Originators, solicit potential borrowers for mortgage loans on behalf of mortgage companies and banks. Ensuring compliance with policies, procedures, and guidelines. Prospected and originated loans for Fannie Mae, Freddie Mac, FHA and VA. achievements of administrative officer Getting your CV and cover letter right is a crucial step in applying for any job. Functioned well under high speed position that required extreme knowledge of compliance, pricing and guidelines. Submit applications to credit analysts for verification and recommendation. Over saw due diligence requirements of day-to-day operations of a team of 8 Collectors, 4 Underwriters/Loan Adjustor Specialists, 2 Loss Mitigation set-up Specialists and first-level team leads. Professional assistant to the president and senior vice-president of the bank. Alaska, AK 60723. Assisted with opening of first Louisiana office for Residential Mortgage division. Ensuring exceptional customer service by maintaining knowledge of latest products, pricing policies and guidelines. Originate loans and aggressively sell residential mortgages. Origination of mortgage loans and refinance in all states. AS a local trusted mortgage loan officer for over 18 years in Benicia and Vallejo I have the experience to walk you through the loan process and support you from getting you approved to holding the keys to your new home. Some similar jobs and their median annual pay include: Dawn Rosenberg McKay is a certified Career Development Facilitator. Work diligently with team members to meet specific deadlines throughout the fulfillment process of the loan. 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