Loan Officer

Panorama Mortgage Group LLC; Town of Florida (NY); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

Competitive compensation

Flexible work hours

Job summary

A leading mortgage organization in New York is looking for an Outside Loan Officer to source and originate mortgage loans. This role includes evaluating borrower qualifications, guiding them through the loan process, and maintaining relationships with realtors. Ideal candidates should have a current NMLS license, a background in mortgage banking, and the ability to work independently. Competitive compensation based on experience is offered, along with potential international travel to support business needs.

Qualifications

• Must have a current license through NMLS and be in good standing.
• Two years prior mortgage or mortgage banking experience.
• Ability to deliver effective results and meet deadlines.
• Reliable transportation, valid driver’s license and current auto insurance.
• Able to deliver results and meet deadlines under pressure.
• History of exceeding sales goals.
• Develop and maintain relationships within the real estate community.
• Timely communication and response times according to department standards.

Responsibilities

• Source, qualify, and originate mortgage loans.
• Educate borrowers on loan processes and products.
• Maintain regular contact with stakeholders during application and closing.
• Monitor loan pipeline and productivity using available tools.
• Maintain the integrity of the brand and ensure regulatory compliance.
• Attend meetings, set yearly goals and work with the manager to achieve targets.

Skills

Strong communication skills

Sales proficiency

Time management

Customer relationship management

Education

Current NMLS license

Two years of mortgage banking experience

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.