Loan Officer

Panorama Mortgage Group LLC; Downey (CA); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

Competitive compensation package

Flexibility in working hours

Job summary

A mortgage lending company in California seeks an Outside Loan Officer responsible for sourcing and originating mortgage loans. The ideal candidate will have at least 2 years of experience in mortgage banking, maintain strong relationships in the real estate community, and meet sales targets. Candidates must possess a valid NMLS license and demonstrate excellent customer service and communication skills. This position offers flexible working hours and a competitive compensation package.

Qualifications

• Must have a current license through NMLS and be in good standing.
• Two years of prior mortgage or mortgage banking experience required.
• Ability to work under pressure and meet deadlines with minimal supervision.
• Ability to deliver effective results and meet deadlines.
• Develop and maintain relationships within the real estate community.
• Strong phone and service skills.

Responsibilities

• Source, qualify and originate mortgage loans.
• Educate borrowers about the home buying and financing process.
• Analyze prospective borrower’s financial data to pre-qualify them.
• Educate borrowers about loan products, costs and payments.
• Monitor loan pipeline and productivity using company tools.
• Attend closings when required and ensure regulatory compliance.

Skills

Sales experience

Customer service skills

Knowledge of loan products

Relationship building

Communication skills

Education

Current NMLS license

High school diploma

Freddie Mac/Fannie Mae/FHA/VA knowledge

Job description

Description

Position Overview

The Outside Loan Officer’s primary role is to source, qualify and originate mortgage loans for by working primarily outside the Company’s offices to solicit and obtain business from referral sources such as realtors, builders, financial service providers and others as well as borrowers directly.

Key Responsibilities

• Comply with outside sales and reporting obligations, duties, requirements and guidelines.
• Produce loans according to targets set by manager.
• Uphold the integrity of the brand.
• Must be familiar with originating loans.
• Properly qualify consumers and assure that you are issuing pre-approvals according to guidelines.
• Monitor loan pipeline through Lenders Office.
• Monitor productivity via reporting tools.
• Ensure compliance with all government and regulatory requirements.
• Loan Officer shall determine his or her hours or work.
• Loan Officers are not required to work any specific number of hours per week and when you do work it is at your discretion.
• Take information from the prospective borrower and complete the loan application form.
• Set yearly goals/attend meetings with manager.
• Educate borrowers/communicate on a regular basis with borrowers, listing brokers and selling brokers.
• 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 the Company 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 Company.
• Determine whether the property is in a flood area, where required by the Company.
• Attend the closing of the mortgage loan, if requested by the company.
• Under no circumstances shall the Loan Officer be compensated greater than the amount negotiated in the Loan Officer Compensation Agreement.
• Able to comply with the policies and procedures outlined in the Company handbook
• Perform other duties as assigned.

Requirements

Education/Experience

• Able to comply with the policies and procedures outlined in the Company Handbook
• Must have a current license through NMLS and be in good standing
• Knowledge of Freddie Mac (FHLMC), Fannie Mae (FNMA), FHA, and VA
• Two (2) years prior mortgage or mortgage banking experience
• Ability to deliver effective results and to meet deadlines
• History of exceeding sales goals
• Reliable transportation, valid driver’s license and current automotive insurance
• Sound judgment and decision-making skills
• Ability to work under pressure and meet deadlines with minimal supervision
• Excellent phone and service skills
• Develop and maintain relationships within the real estate community
• Timely communication and response times according to department standards

Travel

• As needed travel internationally between United States and Mexico to meet business needs.

Language

• English preferred, Bi‑Lingual (English/Spanish) desired.

Compensation

• PMG will offer a competitive compensation package commensurate with the background and experience of the applicant.

AAP/EEO Statement

Panorama Mortgage Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, physical or mental disability, protected veteran status, or any other characteristic protected by applicable federal, state.