Loan Officer

Position Job Title :

• Loan Officer FLSA Status :                               Non-Exempt Job Location :                              Remote  Position Summary The primary function of the Loan Officer is to sell loan products offered by Universal Lending Corporation to buyers of New Home Co.  Essential Duties and Responsibilities Build Rapport  Build report with the sales agents at New Home Co. communities and division personnel.  Maintain a positive sales environment by educating potential borrowers and Homebuilder sales representatives on the Company’s products and services.
• Loan Applications Complete thorough loan applications by communicating with perspective applicants Obtain specified information relating to the loan or credit application Correspond with applicant via telephone, email or in-person to resolve any questions regarding application information.
• Prequalification Perform prequalification assessment and analysis of financial condition and risk of financing requests within the Company’s credit policies and programs, as well as all state and federal lending regulations (FHA, VA, Fannie Mae, Freddie Mac, Conventional, Conforming, Jumbo, Rural Housing Development, Bond and Portfolio).
• Loan Submission Negotiate rate, terms and conditions of the loan.   Lock loans on time and in the correct product type.  Submit complete loan application, including all required documents and disclosures, and coordinate the process with assigned processing center.   Input loans into Encompass and appropriate Automated Underwriting System (AUS), such as DU or LP, for underwriting decision.
• Processing Issues Assist with, and solve, issues relating to processing, underwriting and closing of loans within employee’s loan pipeline.
• Industry Knowledge Develop and maintain knowledge of the financial industry, economy, market conditions, rates, vendors and competition.

Compliance Maintain compliance on all loan files and pipeline.  Consistently apply superior decision-making techniques relating to applicant inquiries, approvals, and requests as they pertain to existing policies, regulations and procedures.

Position Qualifications Must have an active state MLO license in each state where business is to be conducted or be willing to obtain additional state licenses in WA, OR, CA, AZ, CO, and TX Highschool diploma or general education degree (GED) required; 4-year college degree preferred Minimum 5 years lending origination experience preferably with builders Must have working knowledge of Encompass or other LOS systems Proficient in Excel, Word, Outlook, and PowerPoint Ability to plan for contingencies and anticipate problems and identify risks Ability to negotiate to produce positive outcomes Ability to effectively listen and respond to customers’ needs Ability to display superior customer service skills Ability to exhibit professional written and verbal communication Ability to maintain and foster strong partnerships with builders and customers Ability to ensure customer satisfaction throughout the cycle of the sales process with support and service Ability to identify customer needs and adapt sales presentations effectively   Base Salary :