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Loan Officer

Loan Officer

Newrez LLCRichardson, United States
12 days ago
Job type
  • Full-time
  • Permanent
Job description

Loan Officer Exceed the expectations of our residential mortgage borrowers & business partners through superior service, simple processes, and effectivemunications.

We deliver on this mission by empowering our employees by encouraging and recognizing superior performance and innovative solutions, by promoting teamwork and divisional cooperation.

Job Description

Primary Function

The primary function of the Loan officer is to sell loan products offered by NewRez. Contact prospective clients to develop and maintain referral sources. Meet with prospective clients at outside locations such as a client's home. Make in-person calls on real estate agents, financial advisors and other potential referral sources to develop borrower leads.

Incumbent may work from any of the above listed locations. Not required to cover all above listed locations.

Principal Duties

  • Utilize and develop a network of resources for mortgage loan business development and solicitation for new business.
  • Utilize, manage and market to a database of customer contacts.
  • Maintain a positive sales environment by educating potential borrowers, Real Estate Agents and Homebuilder sales representatives on thepany's products and services; create and deliver presentations when necessary.
  • Perform prequalification assessment and analysis of financial condition and risk of financing requests within thepany's credit policies and programs, as well as all state and federal lending regulations (FHA, VA, Fannie Mae, Freddie Mac, Conventional, Conforming, Rural Housing Development, Bond and Portfolio).
  • Negotiate rate, terms and conditions of the loan.
  • Lock loans on time and in the correct product type to avoid fall-out.
  • Collect up-front fees from applicant.
  • Submitplete loan application, including all required documents and disclosures, and coordinate the process with assigned processing center.
  • Input loans into appropriate Automated Underwriting System (AUS), such as DU or LP, for underwriting decision.
  • Assist with, and solve, issues relating to processing, underwriting and closing of loans within employee's loan pipeline.
  • Develop and maintain knowledge of the financial industry, economy, market conditions, rates, vendors andpetition.
  • Represent thepany in variousmunity and civic functions to enhance thepany's image and develop additional business.
  • Consistently apply superior decision making techniques relating to applicant inquiries, approvals, and requests as they pertain to existing policies, regulations and procedures.
  • Maintainpliance on all loan files and pipeline.
  • Other duties as assigned.

Education and Experience Requirements

  • Must have an active state MLO license in each state where business is to be conducted.
  • High-school diploma or GED and a minimum.
  • 3-years lending origination experience.
  • Strong PC skills, including Power Point, Excel, Word and Lotus Notes.
  • Solid knowledge of state and local real estate markets.

    • Knowledge, Skill and Ability Requirements

  • Ability to plan for contingencies and anticipate problems and identify risks.
  • Ability to negotiate persuasively to produce positive oues.
  • Ability to effectively listen and respond to customers' needs.
  • Ability to demonstrate a strong desire to satisfy one's internal and external customers by displaying superior customer service skills.
  • Ability to demonstrate corporate responsibility by living our core values - Superior Customer Service, Integrity, Respect, Hard Work, and Long Termmitment.
  • Ability to instill trust and confidence from others.
  • Ability to effectively convey and receive ideas, information, and directions.
  • Ability to exhibit professional written and verbalmunication at all times.
  • Ability to build and maintain work relationships and contacts needed to effectively address issues and obstacles.
  • Ability to value contribution of all team members and is effective at resolving workplace conflicts.
  • Ability to establish positive rapport with customers.
  • Ability to seek out new and creative ways to provide solutions to the customer's needs.
  • Ability to demonstrate solid selling skills and techniques.
  • Ability to influence others to gainmitment.
  • Ability to maintain an intense optimism and focus on achieving goals even under adversity.
  • Ability to recover quickly from setbacks and rejections.
  • Ability to maintain and foster strong partnerships with customers.
  • Ability to ensure customer satisfaction throughout the cycle of the sales process with support and service.
  • Ability toplete all required training courses on time.
  • Ability to identify customer needs and adapt sales presentations effectively.

    • While this description is intended to be an accurate reflection of the position's requirements, it in no way implies / states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

    LI-EM1

    Additional Information :

    While this description is intended to be an accurate reflection of the position's requirements, it in no way implies / states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

    All employees are required to have smart phones that meetpany security standards with the ability to install apps such as Okta Verify and Microsoft Authenticator. Employment will be contingent on this requirement.

    Newrez is a great place to work but we are only as strong as our greatest asset, our employees, so we believe in rewarding them!

  • Medical, dental, and vision insurance
  • Health Savings Account with employer contribution
  • 401(k) Retirement plan with employer match
  • Paid Maternity Leave / Parental Bonding Leave
  • Pet insurance
  • Adoption Assistance
  • Tuition reimbursement
  • Employee Loan Program
  • The Newrez Employee Emergency and Disaster Fund is a new program to support our team members

    • Newrez NOW :

  • Our Corporate Social Responsibility program, Newrez NOW, empowers employees to be leaders in theirmunities through a robust program that includes volunteering, philanthropy, nonprofit grants, and more
  • 1 Volunteer Time Off (VTO) day,pany-paid volunteer day where all eligible employees may participate in a volunteer event with a nonprofit of their choice
  • Employee Matching Gifts Program : We will match monetary employee donations to eligible non-profit organizations, dollar-for-dollar, up to $1,000 per employee
  • Newrez Grants Program : Newrez hosts a giving portal where we provide employees an abundance of resources to search for an opportunity to donate their time or monetary contributions

    • Equal Employment Opportunity

    We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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    Loan Officer • Richardson, United States