What are the responsibilities and job description for the Residential Lending Expert position at Rate?
Core Duties & Key Measurements:
Prequalify: Contact all borrower(s) within 24 hours after the Initial Loan Consultation, request and review cash, credit, and capacity (income) qualifications for all borrowers.
Pre-Approve: Accurately pre-approve all eligible borrowers, handle payment scenario requests, proactively contact pre-approved buyers, communicate effectively with Realtor partners.
Pipeline: Onboard all newly received contracts for Rate Lock Consultation, submit loan applications to Loan Processing for eDisclosures, execute outstanding borrower Tuesday Updates, Pre-Closing & Funding Calls, ensure 95% loans close on time with daily check-ins to address choke points, resolve 95% of loan issues before escalating to the Loan Officer.
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