Loan Officer

The Loan Officer's primary role is to source, qualify and originate mortgage loans for Novus Home Mortgage.

Essential Duties and Responsibilities

• Develop and maintain relationships within the real estate community
• Monitor loan pipeline
• Ensure compliance with all government and regulatory requirements
• Attend weekly sales meetings
• Take information from the prospective borrower and complete the loan application form
• Analyze the prospective borrower's income and debt and pre-qualify the prospective borrower to determine the maximum mortgage amount that the prospective borrower can afford
• Educate the prospective borrower in the home buying and financing process, advising the borrower about the different types of loan products available and demonstrating how closing costs and monthly payments could vary under each product
• Maintain regular contact with the borrower, realtors, and operation departments between the time of the application and closing to apprise them of the status of the application and gather any addition information
• Collect financial information (tax returns, bank statements) and other related documents that are part of the application process
• Order in file credit report, when required by the Novus Home Mortgage
• Determine whether the property is located in a flood area, where required by the NHM
• Attend the closing of the mortgage loan, if requested
• Under no circumstances shall the Loan Officer be compensated greater than the amount negotiated in the Loan Officer Compensation Agreement

Disclaimer : Job description is not a complete list of duties. The Loan Officer may and / or will be required to perform other functions as asked by management. The Loan Officer must be self-sufficient and show the initiative to self-educate industry product and program guidelines.

Qualifications

Language Skills

Required Competencies

This position may be a great fit for :

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.