Junior Loan Officer

Cornerstone-First-Mortgage; Miami (FL); On-site; USD 60,000 - 75,000; Full time

Job summary

Cornerstone First Mortgage is seeking a Junior Loan Officer in Miami, FL. You will guide applicants through the home loan process, communicate with senior staff, and help build client relationships to drive referrals and loan closings.

Ideal candidates have strong communication and sales skills, and are willing to pursue NMLS/MLO licensing. A customer-focused, team-oriented attitude is essential for success in this role.

Qualifications

• Bachelor's degree preferred; high school diploma acceptable.
• Strong communications, sales, relationship, and MS Office skills.
• Willingness to complete an NMLS/MLO/state license training.

Responsibilities

• Meet sales expectations, generate new business, get referrals, and monitor sales pipeline.
• Collaborate with the senior MLO to recommend loan products suitable for applicants.
• Assemble financial information to assist with loan applications and assess eligibility.
• Coordinate with processing, underwriting, and realtors to ensure timely loan closings.
• Educate applicants about loan options and pricing to build strong client relationships.

Skills

Communication

Sales

Relationship building

Team player

Education

Bachelor's degree preferred

High school diploma or equivalent required

Tools

MS Office

CRM

MLS

DU

Job description

Junior Loan Officer

Cornerstone First Mortgage Miami, Florida, United States

About this position

Are you an outgoing people-person who thrives in a fast-paced work environment? If so, we are looking for you! Our lending team is seeking a junior loan officer to help applicants navigate the home loan process. We offer the training, the technology, and the team support to help you succeed. If you are looking for a lucrative career using your communication and interpersonal relationship-building talents.

Compensation:

$60,000 - $75,000 yearly

Responsibilities:

• Meet sales expectations, generate new business, get referrals, and monitor sales pipeline
• Communicate with the senior mortgage loan officer/ MLO to make a recommendation of which mortgage loan products are best suited depending on applicant’s financial status
• Assemble financial information to assist with loan applications, prepare loan files, and assess applicants’ financial situation and eligibility
• Collaborate with the mortgage lender or mortgage banker, underwriter, loan processor, senior MLO / mortgage loan originator, and realtors on behalf of the applicant as needed to make sure the loan transaction goes through successfully
• Educate loan applicants about various residential mortgage loans - answer questions and provide additional information to create personal relationships

• Client Engagement: Conduct interviews with clients to understand their financial situation, needs, and loan preferences
• Presentation & Consultation: Prepare and deliver clear loan presentations that outline terms, conditions, and potential pricing scenarios
• Pricing: Accurately price loan products and explain rates, fees, and options to clients
• Pipeline Management: Act as the point of contact for clients throughout the loan process, coordinating with processing and underwriting teams to ensure timely progression
• Relationship Management: Build and maintain strong relationships with clients, aiming for high satisfaction and potential referrals
• Review all loan package documentation for discrepancies, omissions, and income calculation, then report any discrepancies to the loan originator
• Follow up and respond to customer and in-house inquiries on transactions as needed in order to provide superior customer service

Qualifications:

• Bachelor's degree is preferred, but a high school diploma or equivalent is required
• Exceptional communications, sales, relationship, and MS Office skills are necessary
• Possess the intention to complete a training program to obtain NMLS/ MLO/ state license
• Past experience with credit unions, lending institutions, real estate, financial services, or related fields is a bonus, but not required
• Understanding of loan programs guidelines and various types of loans such as FHA, commercial loans, VA, etc is helpful, but not required

• Advance comprehension of loan financing options such as Non-QM, Foreign nationals, Conventional, FHA, VA, and Home Equity Loans
• Computer proficiency required, including MS Office; some CRM, MLS, DU, and proprietary mortgage software preferred
• Ability to effectively work in a strong team-oriented environment and provide outstanding communication and customer service to clients
• 3-5 years of professional office environment experience as a loan officer assistant or mortgage assistant preferred
• Understanding of state and federal legislation, as well as underwriting rules and processes

About Company

Cornerstone First Mortgage is a full-service mortgage bank headquartered in San Diego, licensed in 49 states and Puerto Rico. All aspects of the loan process (processing, underwriting, and funding) are conducted in-house. We have grown exponentially over the past few years and are always looking for driven and motivated individuals to join our team.

www.cfmtg.com