What are the responsibilities and job description for the Loan Officer - Salaried / Exempt position at Draper?
Responsibilities :
- Participate and complete training as directed by manager / supervisor
- Assist with originating and evaluating mortgage loans according to company guidelines and standards.
- At the direction of the senior loan officer, meet with mortgage loan borrowers on the phone and in person, advising and guiding them throughout the entire loan process.
- Assist in reviewing and calculating income on wage-earning and self-employed borrowers.
- Assist with the review and recalculation of assets per documentation.
- Assist borrowers with mortgage technology systems, e-signing and uploading of documents.
- Prepare and organize loan origination documents, and validate required borrower information.
- Pull credit reports and run loans through the automated underwriting system.
- Order third-party services, and submit files to processing.
- Research investor / agency guidelines via AllRegs, ensure loans meet requirements and assist loan officers with structuring loans and selecting qualifying investors.
- Generate initial loan disclosures and send to borrowers for execution.
- Submit and monitor the status of applications.
- Maintain good relationships with clients by keeping them informed.
- Interact with real estate agents, appraisers and sales agents as needed.
- At the direction of the senior loan officer, coordinate, communicate and guide all borrowers, real estate agents and attorneys through the loan process and loan statuses.
- At the direction of the senior loan officer, contact borrowers to collect additional supporting documentation.
- Assist with the review and approval of initial closing disclosures, and assist in scheduling closings.
Required Qualifications :
Preferred Qualifications :
