Loan Officer Assistant Position

TAM Lending Center, Inc. dba Today's American Mortgage - Cherry Hill, NJ

• Prequalifies clients to include discussing, rates, terms and/or financial options.
• Attends all functions with Loan Officer when required.
• Call and obtain conditions from borrowers and Realtors.
• Meets with clients to sign Loan Application and Disclosures.
• With new contracts, facilitate the introduction to Realtors via e-mail and facilitate a call from the Loan Officer to ensure positive customer service for our new clients.
• All files turned into processing within 24 hours of meeting with the borrower.
• Understands and research all investor guidelines and is up to date in any and all program changes that affect the processing or originating loans in the pipeline.
• Submits complete files to processing based on Investor and/or AUS requirements to get ready for submission.
• Clears any conditions that require communication to the clients.
• Communicates with your team all information pertaining to the client and/or property to meet file expectations.
• Communicates loan approval by sending pre-approval/commitment letters to all parties involved in the transaction.
• Responsible for once a week status calls to all parties involved in the transaction (Clients, Realtors, Builder, etc.).
• Tracks and manages new leads and follows up on referral business.
• Sends out correspondence – Thank you cards, Closing Cost Calculators, etc. Coordinate Closing details with Client – Final Payment, Rate, Cash to Close, etc.
• Assist the Loan Officer with other administrative and/or sales duties as needed.
• Be able to quote interest rates and lock loans.
• Solve escrow issues without involving loan officer.
• Consistently exceed borrower expectations and Realtor/Builder expectations.
• Set up the file using the loan officer checklist and turn into processing.
• Review all closing statements and compare to signed LE before signings and correct discrepancies.
• Assist Loan Officer with putting scenarios together for prospective clients (researching client scenarios with underwriting and investor guidelines).
• Assist Loan Officer with callbacks to prospects that need a phone consult before a face to face meeting.
• Face to face meetings with clients when Loan Officer cannot attend.
• Redisclose all new loans when there is a change of circumstance.
• Attend loan closings if Loan Officer cannot.
• Continue to assume responsibilities and help the team grow.

 

Job Type: Full-time

Required education: High school or equivalent

Required experience: Mortgage originating, processing, opening or underwriting.: 2 years

Required license or certification: NMLS or able to obtain it within 90 days.