Loan Officer

Panorama Mortgage Group; Richmond (VA); On-site; USD 60,000 - 90,000; Full time

Job summary

A leading mortgage company in Richmond, Virginia, is seeking an Outside Loan Officer to originate and manage mortgage loans. The role involves sourcing business from various referral sources and educating borrowers about financing options. Candidates must possess a current NMLS license, have at least two years of mortgage banking experience, and demonstrate strong communication and sales skills. A competitive compensation package is offered, along with the opportunity for international travel as needed.

Qualifications

• Must have a current license through NMLS and be in good standing.
• Two years prior mortgage or mortgage banking experience required.
• Bilingual (English/Spanish) is desired.
• Ability to deliver effective results and meet deadlines.
• Excellent phone and service skills.

Responsibilities

• Source, qualify, and originate mortgage loans.
• Comply with sales and reporting obligations.
• Educate borrowers on financing processes.
• Must be familiar with originating loans.
• Properly qualify consumers and ensure pre-approvals are according to guidelines.
• Monitor loan pipeline through Lenders Office.
• Monitor productivity via reporting tools.
• Ensure compliance with all government and regulatory requirements.
• Take information from prospective borrower and complete loan application form.
• Set yearly goals and attend meetings with manager.
• Educate borrowers and communicate regularly with borrowers and brokers.
• Analyze income and debt to pre-qualify the borrower for maximum loan amount.
• Educate about loan products and illustrate closing costs and payments.
• Maintain regular contact with borrower, realtors and company during process.
• Collect financial information and documents for the application.
• Order in-file credit report when required.
• Determine flood area status where required.
• Attend loan closing if requested.
• Perform other duties as assigned.

Skills

Effective results delivery

Sales goal achievement

Relationship building

Excellent phone and service skills

Timely communication

Education

Current NMLS license

Two years mortgage or mortgage banking experience

Job description

Overview

The Outside Loan Officer’s primary role is to source, qualify and originate mortgage loans 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 of 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 and attend meetings with manager.
• Educate borrowers and communicate regularly 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, advise about different types of loan products available and demonstrate 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 additional 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.
• Able to comply with the policies and procedures outlined in the Company handbook.
• Perform other duties as assigned.

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 law.