Loan Officer Assistant
Security National Financial Corporation
Date: 14 hours ago
City: The Woodlands, TX
Contract type: Full time
Description
Duties of a LOA:
Requirements
Duties of a LOA:
- Contacts business partners to schedule meetings and maintain referral relationships.
- Distributes marketing materials and manages outreach campaigns.
- Manages assigned Loan Officer's technology platforms, tools, and CRM systems.
- Answers phones and screens emails for assigned Loan Officers to support daily workflow.
- Assists Loan Officers with collecting documentation and inputting/uploading files into Encompass once the loan is started.
- Communicates with borrowers to validate the Uniform Residential Loan Application (URLA / 1003) and collect income documentation.
- Assists in structuring files, running AUS (Automated Underwriting System), and submitting pre-approval loans for "TBD" properties.
- Reviews loan applications and all supporting documentation from the borrower for accuracy and completeness.
- Qualifies income by analyzing paystubs, tax returns, and other financials according to program guidelines.
- Researches loan products and program eligibility to assist the Loan Officer in recommending suitable options to the borrower.
- Obtains executed initial disclosures within required regulatory time frames.
- Analyzes credit reports and financial scenarios to help determine appropriate loan programs.
- Reviews the Closing Disclosure (CD) to ensure accuracy of fees and cash-to-close amounts.
- Answers borrower inquiries regarding the loan application process and required documents.
- If licensed, may discuss loan rates and products directly with the borrower.
- Works with the disclosure desk to ensure accurate fees are disclosed in compliance with guidelines.
Requirements
- Preferably 5+ years Mortgage Experience
- Understands and executes Income Calculations and DU findings
- Bilingual - English and Spanish
- Ability to safely and successfully perform the essential job functions consistent with the ADA, FMLA and other
- Ability to maintain regular, punctual attendance consistent with the ADA, FMLA and other federal, state and local
- Must be able to occasionally lift and carry up to 15 lbs.
- Must be able to talk, listen and speak clearly on telephone
- Must be able to sit for prolonged periods at a desk, while working on a computer
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