Loan Officer Assistant Loan Partner

Guaranteed Rate; Colleyville (TX); On-site; USD 45,000 - 80,000; Full time

Job summary

A leading company in the mortgage industry is seeking a Loan Officer Assistant / Loan Partner to join their growth-focused team. This role involves prequalifying loan applications, managing pipelines, and ensuring excellent client experiences. Ideal candidates will have strong communication skills and at least 3 years of experience in mortgage processing or underwriting.

Qualifications

• At least 3 years in mortgage processing, underwriting, or origination.
• Proficient in investor guidelines and LOS systems.
• Ability to work under pressure and collaborate effectively.

Responsibilities

• Prequalify and pre-approve home loan applications.
• Manage loan pipeline and ensure timely closings.
• Maintain communication with borrowers and partners.

Skills

Communication

Organizational

Time Management

Resourcefulness

Education

NMLS license

Regulatory and compliance training

Tools

DU/DO

LP

LOS systems

Job description

The job description provides a comprehensive overview of the Loan Officer Assistant / Loan Partner role, including core duties, responsibilities, qualifications, and compensation. However, it exhibits several issues in formatting, content redundancy, and clarity that can be improved for better readability and professionalism.

Specifically:

• It contains duplicated content in the 'Essential Duties of this Position' section, which should be consolidated.
• The use of HTML tags is inconsistent; some sections lack proper structure, and excessive line breaks and redundant formatting reduce clarity.
• The description mixes detailed bullet points with narrative text, which could be organized more effectively.
• Repetitions such as the 'Compensation' section appear multiple times and should be unified.
• The overall flow can be improved by grouping related responsibilities and qualifications more logically.

  Below is a refined version that consolidates and structures the content for clarity and professionalism, adhering to the original information and language.

  Loan Officer Assistant / Loan Partner – Growth-Focused Mortgage Team

  Job Summary: The Loan Partner Two (“LP2”) is responsible for accurately prequalifying home loan applications, issuing and managing quality pre-approval letters, and overseeing the success of every loan in the pipeline. The LP2 works closely with Loan Officers, borrowers, loan processors, underwriters, and third parties to close over 95% of loans on time, providing an outstanding experience from application to close. This role requires strong cash, credit, capacity (income), collateral, communication skills, and resourcefulness.

  Core Duties & Key Measurements

  • Prequalify: Contact all borrowers within 24 hours of initial consultation; review qualifications.
  • Pre-Approve: Accurately pre-approve eligible borrowers; handle payment scenarios; communicate with Realtor partners.
  • Pipeline Management: Onboard contracts, submit applications, execute updates, ensure timely closings, resolve issues proactively.

  Responsibilities

  Manage Prospects

  • Contact prospects within 2 hours of lead receipt.
  • Schedule discovery calls with Loan Officer.
  • Maintain follow-up and update Realtor partners.

  Pre-Qualify

  • Contact applications within 24 hours.
  • Review 1003 forms and request documents.
  • Explore all options before declining.
  • Stay updated on investor guidelines.

  Pre-Approve

  • Communicate pre-approval parameters.
  • Provide necessary documents and expedite rush requests.
  • Flag potential issues to LO or Team Captain.
  • Dedicate weekly time to outreach.

  Pipeline

  • Onboard contracts swiftly.
  • Identify hot loans daily.
  • Attend pipeline meetings and deliver updates.
  • Coordinate with processing teams.
  • Conduct pre-closing and post-closing calls.
  • Review disclosures and ensure accuracy.
  • Be available after hours for urgent matters.

  Additional Role Expectations

  • Professionalism: Maintain high standards in communication.
  • Client Experience: Act as a concierge between borrowers and partners.

  Qualifications

  • Preferred NMLS license (not required but encouraged).
  • At least 3 years in mortgage processing, underwriting, or origination.
  • Proficient in DU/DO, LP, investor guidelines, and LOS systems.
  • Strong communication, organizational, and time management skills.
  • Ability to work under pressure and collaborate effectively.
  • Completion of regulatory and compliance training.

  Compensation

  $45,000 - $80,000+ annually, including base salary and bonus.