Loan Originator Assistant -Unlicensed

General Summary

The Loan Originator Assistant (LOA) is a key front-line sales support branch employee with direct communication with Clients and Realtors. The LOA is responsible for assisting with loan files and providing administrative support functions to assigned Originators or managers within the branch. The LOA should project an outgoing personality and can self-motivate toward results. This position may also provide an opportunity to become a licensed loan originator, which includes completing additional state licensing requirements.

Duties and Responsibilities

The primary job duties and responsibilities of this position include but are not limited to:

Facilitate the completion of loan applications, coordinate collection of documentation including credit reports, run DU/LP/AUS, prepare loan files for processing, and send closing cost worksheet to borrowers

Coordinate discussions between the Loan Originator, referral partners, and clients as a primary contact throughout the lifecycle of the loan process, and arrange meetings to ensure any follow-up actions are completed

Promote Envoy's products to Real Estate Agents, Home Buyers, leads, and referral sources while tracking and managing follow ups

Assist Loan Processor with putting scenarios together for prospective clients (researching client scenarios with underwriting and investor guidelines)

Assist with call backs to prospects that require a phone consult prior to a face to face or virtual meeting

Assist in managing a pipeline consisting of conventional, FHA, VA, and USDA loans, along with 203K and reverse mortgage products

Request and gather relevant information/documents from the borrower to complete the application, its structure and all loan disclosures

Follow up and respond to customer and in-house inquiries on transactions to offer superior customer service

Enter loan applications into Loan Origination System (LOS) and assign to Originator/LOA

Review all loan package paperwork checking for inconsistencies, omissions, and inaccurate income calculations, reporting any errors to the Originator

Call and obtain conditions from borrowers and Realtors to clear conditions, as necessary

Review documents and entire loan files and work to prevent problems by highlighting deficiencies

Monitor the process and communicate effectively with the borrower and all other parties to the transaction on the status of the loan

Understand and research investor guidelines and stay up to date on program changes that effect the processing or originating of loans in pipeline

Submit complete files to processing based on Investor and/or AUS requirements

Communicate loan approval by sending pre-approval/commitment letters to all parties involved in transaction

Responsible for periodic status calls to all parties involved in transaction (Clients, Realtors, Builder, etc.)

Send out correspondence -- Thank you cards, Closing Cost Calculators, etc.

Order Appraisals and 3rd party services (VOE, Title, certifications, and related documents to create loan packages for processing

Coordinate Closing details with Client -- Final Payment, rate, Cash to Close, etc.

Review all closing statements, compare to signed loan estimate worksheet before signings and correct discrepancies

Review & create disclosure and re-disclosure packages and deliver to the borrower

Deliver appraisals and/or property valuations to the borrower and document proof of receipt

Facilitate timely Closings by working directly with the Title Company and customer to schedule

Develop complete knowledge of Envoy's products, systems, and competitive advantages

Become familiar with Envoy's process, policies, and procedures

Maintain regular attendance and able to work in the office Monday-Friday during regular office hours, plus potential overtime, as necessary

General clerical and phone support, as needed.

Additional duties as assigned

Under no circumstances will the Loan Originator Assistant engage in any of the following tasks:

Quoting rates

Offering or negotiating the terms of a mortgage loan

Taking a mortgage loan application

Any other activities that require a Loan Originator License

Qualifications

High school diploma or equivalent, Bachelor's degree is a plus

1+ years of experience as a LOA/Loan Partner, Processor, Loan Officer, and/or Underwriter preferred

Knowledge of Microsoft Excel, Word, and Outlook

Working knowledge / Proficiency in Desktop Underwriter/Desktop Originator (DU/DO), Loan Prospector (LP), and originating systems, Encompass experience preferred

Ability to learn, or have past in-depth experience, in mortgage banking process, with a preference in residential mortgage banking

Ability to analyze issues and create effective resolutions, while managing multiple projects concurrently

Ability to process, organize and interpret large amounts of data, which reflects loan files

Excellent customer service skills and adept at working in a team environment

Must be a self-starter who is reliable, detail oriented with the ability to resolve issues

Exceptional follow-up, time management, interpersonal, and verbal and written communication skills

Willingness to learn, self- motivated, social media savvy and a forward thinker

Physical Requirements

The employee must occasionally lift and/or move up to 25 pounds

Specific vision abilities required by this job include close vision

While performing the duties of this job, the employee is regularly required to sit, use hands to finger, handle, or feel; reach with hands and arms; and talk or hear

The employee is occasionally required to stand; walk; climb or balance and stoop, kneel, crouch or crawl

Job Type:

• - Non-Exempt
• Compensation:

- Regular Pay: $12.00 - $19.00/hour

• Supplemental Pay:
• - Bonus Pay (eligible)

Exact compensation may vary based on skills, experience, and location.

• Benefits: (Full-Time)
• - Health Insurance
• - Paid Time Off (PTO)
• - Paid Holidays
• - 401(k)
• Schedule:
• - Monday to Friday

We are an equal opportunity employer and value diversity. All employment is decided on the basis of qualifications, merit and business need. We are committed to creating an inclusive environment for all employees.