What are the responsibilities and job description for the Mortgage Loan Officer position at Rate?
Job Description:
The Licensed Loan Officer will oversee the origination, file management, and communication with various stakeholders. This position requires time management, precise verbal and written communication, and a working knowledge of major investors and their guidelines.
This role involves direct communication with clients, realtors, builders, and business partners. The successful candidate will pre-qualify clients by discussing rates, terms, and financial options.
Key Responsibilities:
- Meet with clients to sign loan applications and disclosures
- Understand and research all investor guidelines, staying up-to-date on program changes affecting loan processing or origination
- Submit complete files to processing based on investor and/or automated underwriting system (AUS) requirements
- C coordinate closing details with clients, including final payment, rate, cash to close, etc.
- Solve escrow issues
- Assume additional responsibilities to help the team grow
- Work 40 hours per week with overtime as required
- Be proficient in Word, Excel, and Outlook applications
- Be dependable, self-motivated, and require minimal supervision
- Have a strong understanding of major correspondent and wholesale channels, including their websites and pricing engines
Requirements:
- Minimum five years of experience in mortgage processing, underwriting, originating, or a combination of these aspects
Guaranteed Rate is an Equal Opportunity Employer, welcoming applicants from diverse backgrounds and promoting a culture of inclusivity.
