Loan Originator NE

PrimeLending, A PlainsCapital Company; Wauwatosa (WI); On-site; USD 50,000 - 80,000; Full time

Job summary

PrimeLending, A PlainsCapital Company is seeking a Loan Originator in Wauwatosa, Wisconsin. The position involves evaluating loan products, establishing relationships with key stakeholders such as realtors and builders, and servicing existing customers. Successful candidates will have a high school diploma or equivalent, a minimum of 12 months of loan originator experience, and demonstrate strong communication skills. This role is paramount for promoting lending products and requires active involvement in the community.

Qualifications

• 12 months of loan originator experience required.
• Valid driver's license and current automobile liability insurance.
• Effective communication skills, both verbal and written.

Responsibilities

• Evaluate loan products and services to meet customer needs.
• Establish and maintain relationships with real estate professionals.
• Market and promote financial products.
• Service existing customers and collect necessary documentation.
• Monitor loan statuses and ensure conformity with terms.

Skills

Judgment and decision making

Presentation skills

Communication skills

Data processing

Networking

Education

High school diploma or equivalent

Job description

Under the direction of the Branch and/or Production Manager, markets and promotes PrimeLending products and services to its client base of realtors, builders, bank officers and potential and past clients. Performs office or non-manual work directly related to the management or general business operations of PrimeLending and its customers.

Responsibilities

• Evaluates PrimeLending’s and other loan products and services and determines which financial products best meet the customer’s needs and financial circumstances.
• Establishes and maintains relationships with realtors, bank officers, builders and new home sales representatives to develop and retain existing business, visiting subdivisions as required.
• Markets and promotes PrimeLending’s financial products.
• Originators are expected to meet the Company’s minimum production standards in funded units/volume on an ongoing basis each month, by taking complete and accurate loan applications, using PrimeLending’s product set.
• Monitors overall customer interaction and interfaces with all parties involved on each individual loan from application to closing, including but not limited to counseling and pre-qualifying potential home buyers.
• Collects and analyzes information regarding the customer’s income, assets, investments or debts.
• Advises the customer regarding the advantages and disadvantages of different loan products.
• Services existing customers and obtains all necessary support documents along with the appropriate fees and lock-in information.
• Oversees the loan process by monitoring loan status and ensures conformity with terms.
• Communicates loan status to all interested parties, and obtains loan documentation after closing.
• Presents terms and conditions of loans with customers.
• Stays abreast of trends and developments in the local real estate market and competitive environment, as well as, changes in rules and regulations pertaining to private and government insured mortgages.
• Maintains a professional image and adheres to standards consistent with company policies and procedures.
• May supervise and direct the activities of other loan officer(s), loan officer assistant(s), or loan processor(s).
• Other duties as assigned.

Qualifications

• High school diploma or equivalent and appropriate licenses as required by state.
• Valid driver’s license and current automobile liability insurance.
• A minimum of 12 months loan originator experience required.
• Interacts with regional & corporate departments, as well as realtors, sales agents, builders, appraisers, etc.
• Demonstrated judgment and decision making ability. Excellent and effective presentation and communication skills, both verbal and written.
• Ability to quickly assess and process large amounts of data and use of appropriate AU software technology.
• Must be active in the community and in those job-related organizations to enhance the network of beneficial contacts.
• Continue to expand knowledge of issues influencing the industry and the organization.

The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the Company.