Work closely with past due customers on loss mitigation options. Image by Alexandra Gordon © The Balance 2019. Only six loan officers, out of one hundred, were asked to participate in the online chat pilot. Credit Officer responsibilities include preparing loan applications, evaluating clients’ financial information and calculating risk ratios. Name the referee who you are writing this letter to recommend. There are many classes and some certifications available to improve a newcomer's chance of securing a loan officer position. If the credit committee is able to delegate their authority to a loan officer, the Pinnacle Bank recently appointed Ryne Reeves to commercial loan officer in Lincoln. Accomplished mortgage loan human resource objectives by selecting, orienting, training, assigning, scheduling, counseling and disciplining employees. Over saw due diligence requirements of day-to-day operations of a team of 8 Collectors, 4 Underwriters/Loan Adjustor Specialists, 2 Loss Mitigation set-up Specialists and first-level team leads. They investigate their creditworthiness, then authorize or recommend approval of loans. Sold mortgages including new purchase, refinance, home equity lines of credit, and government sponsored loans, Over the past two years held a consistent top seller ranking within the company maintaining a goal of 90 clients at any given time, Served as the primary liaison between the borrower, the underwriter, and the processing. Alias or nickname. Adapt to changing work environment demands and requirements by maintaining daily workflow along with several projects, aligning and mobilizing resources needed to deliver sustainable results. The Loan Officer is also expected to lead business development efforts aimed at growing our loan portfolio. Driven sales leader with proven ability to exceed sales quotas while maintaining reputation for leadership and innovation. Commended 11x by loan officer for strict attention to detail. Interfaced with employment decisions and setting performance standards; by training and/or coaching staff, writing and conducting performance evaluations. ... should be rewarded for their outstanding achievements, AND for helping others achieve as well. Successful in cold calling clients; generating over a $1,000,000 in applications in less than a week. Utilized DU Underwriter to determine the eligibility of granting loans. Processed a minimum of 30 loans per month through Freedom Mortgage's Sales Portal. Oversaw approximately 200 team members' loan officers, processors and closers and managed all of the pricing, pre-approvals and RESPA, title and appraisal. Monitor past due loans and debt collection. Evaluate customer financials to accurately analyze homeowner's eligibility for modification programs and to correctly estimate modification terms, demonstrating analytical and problem-solving skills. Use our Job Description Tool to sort through over 13,000 other Job Titles and Careers. Cold calls to build data base of customers from past and current customers. They work for commercial banks, mortgage companies or credit unions. Maintain National and State licensing with NMLS. Find the Right Job for Your Interests, Some Sample Interview Questions for a Loan Officer Position, Want to Be a Banker? Your loan officer resume is an opportunity to demonstrate that you have good interpersonal skills and can provide excellent customer service. Prospected and originated loans for Fannie Mae, Freddie Mac, FHA and VA. Assemble documentation on loans to ensure compliance with company policies and procedures as well as federal and state laws, regulations. Solicited mortgage loan applications from referral sources and company generated leads, to fund over 1 million in volume per month. Using pricing engines and knowledge of products available, offer best rates and credits to lock in new loans. Duties consist of invoice entry, processing statements, monthly closings and report generation. Responsible for the complete processing and closing of all loans for senior lenders within the bank. Loan Officer Job Description: Salary, Skills, & More, Athletic Trainer Job Description: Salary, Skills, & More. Analyzed self-employed business financial statements and tax returns. Ensure that loans meet federal and state standards and requirements. Ability to build strong relationships with production, underwriting, closing and other internal and external associates. Solidify and maintain relationships with local realtors and builders. Matched customers to the best available loan program to fit their specific needs, and communicated with them daily to advise on the loan application progress. Attend Open Houses weekly to enhance Purchase Business, Production: Average of $1,000,000 in Funding Months. 2. He will office at the 27th and Pine Lake location. Write extensive narrative analyses and action plans. Consult borrowers, realtors, and builders of the different loan programs and processes. Functioned well under high speed position that required extreme knowledge of compliance, pricing and guidelines. Promoted to Senior loan officer over five people in just six months after successful completion of in-house series sales training classes. Interview prospective loan applicants to determine up front eligibility and screen for approval. Built rapport with external/internal customers and established a high level of integrity, honesty and competency on delivering as promised. Originated and underwrote residential mortgage loans for purchases as well as refinance transactions. Key role with collaboration with business partners in consumer financial investments, small business banking, and consumer retail banking to meet goals and uncover banking relationship deepening opportunities, Manage pipeline of multiple loans from initiation to closing; directing team members on each file, monitoring loan status, driving work to get loans to closings on time and without additional costs, Consult and assess customer needs and present options to facilitate sale, Contract and financial documentation review; monitoring loan pipeline: status, changes, loan closing, approvals and terminations, Prepare and analyze mortgage loan applications along with other disclosures, Work with customer to ensure loan program fits their needs. Bachelor's degrees are often needed in this profession, and employers look for candidates who can list federal licensing on their resumes. In his role, Reeves will focus on building Mortgage Loan Officers, or Mortgage loan Originators, solicit potential borrowers for mortgage loans on behalf of mortgage companies and banks. Pre-qualify and pre-approve applications. Some might eventually supervise other loan officers and clerical staff. Network and cold call to obtain appointments to present to agents and new home builders. Submit applications to credit analysts for verification and recommendation. This field is heavily dependent on the current state of the economy, however, and growth can shift from field to field. Underwrite members with accurate mortgage analyses, clear, written and verbal, Evaluate complete documentation and data entry for efficient and paperless mortgage. Use our Career Test Report to get your career on track and keep it there. Provide conventional, FHA, VA, HARP & Doctor loans to new and existing SunTrust clients. Maintain accurate records and money handling. ), Build long lasting profitable relationships with Realtors, Makes sales calls to COI's to generate mortgage production. Responsible for loan origination of Home Equity and Home Improvement Loans. Sold FHA, VA, USDA, VHDA, Fannie Mae, Freddie Mac, and Jumbo mortgage products. (Normal company career progression is two years.) Analyze and verify loan applications to determine clients' creditworthiness. Responsible for interviewing potential borrowers for various mortgage loan products and inputting applications into Eclipse for manual and/or Desktop Underwriting. Cultivated new customer relationships with non banking customers. They might also deny a loan or advise against offering financing, and they must sometimes follow up on late payments on existing loans. Delegate responsibilities through all stages of the loan process. Comfortable working open houses, attending caravans, and networking events in order to continuously build a steady book of business. Approves mortgage loans by examining application and supporting documentation, estimating credit-worthiness and calculating repayment risk. © 2021 Job Hero Limited. Loan Officer, Horizon Mortgage & Investment. Instead, discuss achievements you made like reducing expenses, increasing efficiency, or winning awards. Meet with applicants and explain different types of loans and credit options that are available, as well as terms. Manage active leads and loans to increase loan conversion rates resulting in higher firm revenue/profitability. Self motivated and worked independently to increase business. Results driven finance professional with demonstrated track record of success seeking a rewarding career as a loan officer at ABC company. Mortgage Lending is what we do, but it’s not the sole determinant of who we are. Obtained and compiled copies of loan applicants' credit histories, corporate financial statements, and other financial information. Supervised a staff of 10 employees when upper management is not present. Access to over 150 lenders who are underwriting for traditional Fannie/Freddie May, FHA, VA, Hard money commercial loans. Counsel and inform borrowers of loan options, market conditions, documents and other, Hosting and presenting at realtor open houses, luncheons, and seminars, Introduce other bank products for cross sell opportunities, Networking and establishing relationships with realtors, attorneys, CPA's, builders, Working with Realtors, hosting events outsourcing and cold calling, Giving clients quotes on Mortgages purchase/refianace, Entering applications, collecting needed documentation from client to proceed, Following up with the processors and underwriters to ensure a smooth experience, Held accountable for entering a minimum of four loans per week and closing a minimum of one million dollars a month. Alaska, AK 60723. Saved $15 million annually by reducing fixed spending 10% and variable overhead spending 19% through a variety of cost-improvement initiatives through better utilization of resources. Pre-qualified potential customers for refinance, purchase, and first time homebuyers. What Are the Best Jobs in the Banking Industry? Recognized for consistent high marks on customer service surveys and committing the fewest errors per loan file. Analyzed economic data and MBS market movement to ensure maximum loan profitability. All rights reserved. Some firms and institutions expect loan officers to build their own client bases, so applying with a list of contacts and network referrals can set you apart from other, less prepared candidates. My team’s number one priority is to make sure you experience great service along with the options you and your family understand and are comfortable with. Often, mortgage loan officers must seek out clients, which requires developing relationships with real estate companies and other sources that can refer prospective applicants. Approximately 318,600 people worked in this profession in 2016. Partner with Ryan Homes financing new construction in WNY averaging $3,000,000 monthly closed loanvolume. Professional assistant to the president and senior vice-president of the bank. Originate conventional, FHA, VA and USDA mortgage loans, Knowledge of conventional and/or government guidelines. Gauge Home Loans. Feb 2017–May 2019. 5. Even when a college degree isn't technically required, those who have them or have extensive experience, even in a related field, have the best prospects. Pursue Lifestyle Freedom as you build your pipeline & add a second stream of revenue. Identify, develop and maintain a quality network of business relationships. Assist in outreach as a presenter and advocate for NACA's mission. Establish marketing and company name branding to assist in growing bank footprint. Keep data base updated; maintain electronic and paper file integrity, and schedule meetings and appointments with potential borrowers. Originate commercial and residential Conventional, USDA, FHA, AHFA, mortgages. Assist in preparation of loan documents and closing of loans, Provide customer service from the origination to closing of the loan, Handle communication between customers, underwriters, and attorneys necessary documents for loan. Many loan officers begin their career with degrees in finance, business or other applicable studies. Meet with loan candidates to explain options and answer questions. Pulled & analyzed TransUnion, Equifax, Experian credit bureaus. Actively managed continuous pipeline ranging from 50-95 loans on average, totaling approx. Oversaw processing and underwriting of conventional residential loan application, Aligned operation with corporate policies/procedures and state/federal regulations, Generated new business through presentations to customers and follow-up, Maintained Top 10 sales producer; Produced $10 mil+ mortgage sales annually, Reviewed and update credit and loan files, Completed loan contracts by explaining provisions to applicant, Helped customers by answering questions and responding to requests, Maintained customer confidence by keeping loan information confidential. Provide guidance to partnered loan associates and borrowers within all aspects of the sales process. Supervise the execution of transactions and responses to customer and 3rd party related inquiries. Oversee entire mortgage process including application, origination, underwriting and closing. MEMBER DEVELOPMENT & LOAN OFFICER – 15+ YEARS’ COMBINED EXPERIENCE Achievement-oriented professional with extensive experience in financial management, business development, and account management. Assigned Mortgage Loan Officer for 5 US Bank locations. The most highly paid loan officers work for automobile dealerships. This is a full-time position and can involve extensive additional hours over 40 per week. Being a Credit and Loan Officer can be stressful when a loan is declined, but it can be very rewarding when the officer informs a family that they can buy a home! Loan officers' responsibilities can depend on their area of specialization, but some common duties include: Find potential clients, individuals, or businesses who are in need of loans and cultivate their business. Loan Officers: Create Life-Altering Compensation . Handled a mortgage portfolio in excess of 1 million accounts. Working knowledge of Freddie Mac lending guidelines (Loan Prospector), Responsible for creating mortgage department's month end production report, Licensed mortgage loan officer in several states, Specializing in Conventional/Fixed, FHA, Jumbo and ARM Loans. Evaluate applications for credit worthiness. Seventy percent of the work day is calling out to SunTrust clients for sales opportunities. State Licensed Mortgage Loan Officer, State License NMLS# 1110856. Bonuses are common. Ensure full application and documents needed to get loan into processing are collected. Versatility and flexibility across a wide spectrum of business tasks are key to the success of the role. You should have several essential qualities to succeed at becoming a loan officer. Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans. Andrea Martinez Bio Loan Officer Phone:(920) 965-0700 Ext:117 Cell:(920) 246-6360 Email:amartinez@patriotms.com 1241 Lombardi Access Road, Green Bay, WI Managed all accounts and provided excellent customer service to consumers and team members. Manage loans through entire loan process. Analyze credit applications including income tax returns, W2s, pay stubs, etc. Loan Processor. A career objective focuses on your skills and explains how they make you a perfect fit. Loan Officer Resume Skills List As a Loan Officer, you wear many hats. APPLY NOW. Re: Mortgage Loan Officer Position . Multitasks; build and maintain relationships with realtors, interact with clients to grow business, and review current loans in pipeline to ensure timely execution. Source: U.S. Bureau of Labor Statistics, 2018. Some similar jobs and their median annual pay include: Dawn Rosenberg McKay is a certified Career Development Facilitator. Won [company name] Rookie of the Year 2009. Capable loan officers can move to larger branches of their firms or to managerial positions. Take a look back at our sample job description for Loan Officer resume. Assisted customers by assuaging their doubts and clarified different credit policies. Act as a salesperson, persuading clients to obtain loans from their institutions rather than anywhere else. Credit Intermediation and Related Activities Add Tags — eg, Finance, Business2Business... Tony Peschek doesn’t have a summary yet. Step 1: Earn a Bachelor's Degree. They should have extensive experience in underwriting the loan types offered by the credit union. A career summary focuses on your professional experience and achievements. Update Asset Liability Risk on a monthly basis, Advised clients of current interest rates and pricing on loans, Extensive knowledge of conventional and government loan programs from lenders like Provident Funding and NYCB Mortgage Company, Communicated condition requirements and deadlines to applicants in order to meet highly demanding lock expiration constraints, Approves mortgage loans by examining application and supporting documentation, estimating credit-worthiness, and calculating repayment risk, Completes mortgage loans by monitoring collection, verification, and preparation of mortgage loan documentation; scheduling and completing mortgage loan closing, Updates job knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in professional organizations. Ensure full data collection, application completion and client satisfaction. Commended 11x by loan officer for attention to detail. Implemented marketing strategies through managing: direct mail, Social Media presence, website, and Email campaigns. Track and organize received data and source papers for computer entry. Communicating audit findings via reporting systems and making recommendations on how to improve the control environment. $30M in financing. Promoted within company after three months. Created, executed, and evaluated multiple marketing campaigns to ensure maximum ROI. Those employed by mortgage lenders can expect to occasionally travel to meet with clients at their homes, and those employed by commercial lenders might be expected to visit businesses. With backgrounds and experiences as varied as the clients we serve, we are a Community of professionals who care about each other. Assisted with opening of first Louisiana office for Residential Mortgage division. Participating in an online chat pilot. Here's What You Need to Know, Manager Job Description: Salary, Skills, & More, Photographer Job Description: Salary, Skills, & More, Wildlife Officer Job Description: Salary, Skills, & More. The best examples from thousands of real-world resumes, Handpicked by resume experts based on rigorous standards, Tailored for various backgrounds and experience levels, In charge of all mortgage clients within 4 NV Home developments with sales prices ranging for $425K to $1.5M. Ensuring exceptional customer service by maintaining knowledge of latest products, pricing policies and guidelines. Licensed to conduct business as a mortgage loan officer in 25 states. Do not simply list the daily tasks you had at your past jobs. Create binding contracts with customers by evaluating credit history, character, and collateral to originate loans. Provide new & existing clients with appropriate mortgage products & services by offering presentations and seminars for residential financing. Responsible for auditing MHA loan modification declines and approvals by reviewing loan documents, calculating income, and confirming underwriting loan decisions. Proficient understanding of FHA, VA, FNMA, FHLMC underwriting guidelines. Manage mortgage financing for multiple builder communities and service a backlog of up 100 clients at a time, Liaison each client through the application process to ensure timely closing and exceptional customer service, Manage my processing team to ensure all government regulations are followed through our clients loan approval process, Established and maintain relationships with 13 military recruiting offices, Report to recruiting offices monthly to conduct financial education presentations, Analyze and research problems related to member accounts, Protect Navy Federal's assets by stopping $75,000 in fraudulent transactions, Balance daily transactions and verify cash totals, Detect and resolve discrepancies promptly. Extensive over the phone sales experience, Assist prospective clients in refinancing and originating mortgages, Promoted to Mortgage Loan Officer within the first month of being hired, Telemarketing mortgage loans from Lead System, Help desk for junior mortgage loan officers, KY State NMLS exam passed - license not obtained, Mortgage loan officer consistently met or exceed monthly loan volume requirements, Excellent network of business contacts in place and cold calling skills phenomenal, Superb knowledge of most all residential mortgage guidelines, Consistently attendance at mortgage seminars & product training sessions, Strategic Alliance account management of a real estate brokerage of 60+ Realtors with weekly status to management and key stakeholders, Management of mortgage section for 2 Bank of America banking centers. Campaign to real estate Brokers Agents, Attorneys and not for profit organizations paragraph provide! 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