Loan Officer

Job description

Overview Position Summary: The Pre-Approval Advisor (PAL Advisor) receives new Purchase leads to assist customers in obtaining a Pre-Approval for their purchase transaction. The PAL Advisor initially works up a Pre-Approval with their Managers review, and then introduces the customer to the Sr. Loan Officer. Once the Sr. Loan Officer establishes contact with the customer and the file is transferred to the Sr. Loan Officer, the PAL Advisor continues to work on obtaining the Underwritten Pre-Approval. Responsibilities: - Engage in conversation and establish rapport with customers to obtain a complete and accurate “Property TBD” purchase loan application - Inquire and gather information as it relates to a customer's financial situation and financial goals. - As applicable, run an Automated Underwriting System (AUS) to confirm the customer’s eligibility for a loan program - Run the Mavent compliance test to confirm the loan file is in accordance with state and federal mortgage laws - Initially obtain a Manager reviewed Pre-Approval, and then progress to obtain an Underwritten Pre-Approval - Educate both the customer and Sr. Loan Officer about next steps for a customer's file. - Set rea...