Loan Officer

Newrez; Tennessee; Hybrid; USD 50,000 - 70,000; Full time

Job summary

A mortgage services provider is seeking a Loan Officer to develop new business and maintain relationships. Responsibilities include educating clients on products, managing loan applications, and ensuring compliance with regulations. Candidates must hold an active MLO license and possess strong PC skills. This role offers competitive benefits including paid time off and health insurance.

Benefits

15 Paid Time Off (PTO) days

9 Paid Holidays

Casual Workplace

Employee Engagement Activities

Qualifications

• Must have an active state MLO license in each state where business is conducted.
• 1-year lending origination experience is required.
• Solid knowledge of state and local real estate markets is a must.

Responsibilities

• Develop, solicit, and negotiate new business and loan referrals.
• Educate potential borrowers on Company’s products and services.
• Perform prequalification assessment and analysis of applicants.

Skills

Active state MLO license

1-year lending origination experience

Strong PC skills

Knowledge of real estate markets

Education

High-school diploma or GED

Tools

PowerPoint

Excel

Word

Lotus Notes

Job description

This position is for GUARANTY MORTGAGE SERVICES, one of the Family of Companies of Newrez LLC.

GuarantyMortgage Services offers a hands-on, personalized approach and nurtures our customers creating long-term relationships. We’re not just a partner, we become a collaborator. We have the flexibility to meet the individual needs of our customers. We have a stable and tenured leadership team. We are innovative in our product line, offer competitive pricing, maximize our use of employee training and technology, and provide outstanding service to our customers. Integrity and honesty are at the forefront of our process.

Our team is passionate, has a can-do positive attitude and has a strong desire to deliver a memorable customer experience with every loan.

Ready to be part of our highly respected team? Apply today!

In addition to the locations listed, we also have opportunities in BlueRidge, GA.

Responsibilities

• Be responsible for developing, soliciting and negotiating new business and loan referrals using a network of resources, such as Realtors / Brokers, Homebuilders, retail bank branches and business organizations.
• Maintain and develop existing relationships with joint venture partnerships and marketing alliances to increase capture rates and profitability.
• 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.
• Educate potential borrowers, Real Estate Agents and Homebuilder sales representatives on the Company’s products and services; create and deliver presentations when necessary.
• Complete thorough loan applications by communicating with perspective applicants and obtaining specified information related to the loan or credit application; correspond with applicants via telephone, email or in-person to resolve questions.
• Perform prequalification assessment and analysis of financial condition and risk of financing requests within the Company’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.
• Submit complete loan application, including all required documents and disclosures, and coordinate the process with the 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 the employee’s loan pipeline.
• Develop and maintain knowledge of the financial industry, economy, market conditions, rates, vendors and competition.
• Represent the Company in various community and civic functions to enhance the Company’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.
• Maintain compliance on all loan files and pipeline.
• Other duties as assigned.

Minimum Qualifications

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

GuarantyMortgage Services is a member of the NewRez Family of Companies and an Equal Opportunity Employer and Equal Opportunity Lender.

#LI-RA1

#GMS

Company Perks

• 15 Paid Time Off (PTO) days and 18 after 1st anniversary
• 9 Paid Holidays
• Casual Workplace
• Employee Engagement Activities

Company Benefits

• Medical (including Health Savings Account & Flexible Savings Account)
• Dental - RX – Vision – Life, Disability Insurance – 401(k) Plan with company match – Employee Assistance Plan
• Performance-based Incentives
• Pet Insurance
• Advancement Opportunities

Newrez NOW

• Our Corporate Social Responsibility program, Newrez NOW, empowers employees to become leaders in their communities through volunteering, philanthropy, nonprofit grants, and more
• 1 Volunteer Time Off (VTO) day, company-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 with resources to donate time or monetary contributions