Loan Officer Assistant.

Description

Duties of a LOA :

• Contacts business partners to schedule meetings and maintain referral relationships.
• Distributes marketing materials and manages outreach campaigns.
• Manages assigned Loan Officer's technology platforms, tools, and CRM systems.
• Answers phones and screens emails for assigned Loan Officers to support daily workflow.
• Assists Loan Officers with collecting documentation and inputting / uploading files into Encompass once the loan is started.
• Communicates with borrowers to validate the Uniform Residential Loan Application (URLA / 1003) and collect income documentation.
• Assists in structuring files, running AUS (Automated Underwriting System), and submitting pre-approval loans for "TBD" properties.
• Reviews loan applications and all supporting documentation from the borrower for accuracy and completeness.
• Qualifies income by analyzing paystubs, tax returns, and other financials according to program guidelines.
• Researches loan products and program eligibility to assist the Loan Officer in recommending suitable options to the borrower.
• Obtains executed initial disclosures within required regulatory time frames.
• Analyzes credit reports and financial scenarios to help determine appropriate loan programs.
• Reviews the Closing Disclosure (CD) to ensure accuracy of fees and cash-to-close amounts.
• Answers borrower inquiries regarding the loan application process and required documents.
• If licensed, may discuss loan rates and products directly with the borrower.
• Works with the disclosure desk to ensure accurate fees are disclosed in compliance with guidelines.

Requirements

Requirements

Physical Requirements :

federal, state and local standards, including meeting qualitative and / or quantitative productivity standards.

standards

Benefitsundefined