About This Role
This Mortgage Loan Officer role offers an exciting opportunity for motivated mortgage professionals to grow their business, expand their earning potential, and build a successful career. You will guide prospective borrowers through the mortgage lending process, assess their financial situations, and provide expert advice on loan options. Your proactive approach will ensure a seamless experience for clients while maintaining compliance with industry regulations.
Responsibilities
- Engage with clients to understand their financial goals and explain various mortgage products tailored to their needs
- Conduct credit analysis and evaluate borrower financial documents using Loan Origination Systems (LOS) and mortgage servicing software
- Manage the entire loan origination process from application submission through underwriting, ensuring all documentation complies with TILA (Truth in Lending Act), FNMA (Fannie Mae), FHLMC (Freddie Mac) guidelines, and fair housing regulations
- Negotiate terms with clients and coordinate with underwriters to facilitate smooth loan approvals
- Maintain up-to-date knowledge of industry regulations, including banking compliance and mortgage lending standards, to ensure adherence during all transactions
- Build strong relationships with clients through effective communication, providing ongoing support during the loan process and beyond
- Collaborate with internal teams on escrow, contracts, and loan processing to deliver exceptional customer service and meet industry standards
Requirements
- Proven experience as a Loan Officer or in retail or commercial lending within the financial services industry
- Self source your leads and pipeline
- Closed 12-24 loans in the last year
- Strong knowledge of mortgage origination systems (LOS), mortgage servicing, underwriting, and loan processing procedures
- Familiarity with banking regulatory compliance, FNMA guidelines, TILA, fair housing laws, and mortgage regulations
- Excellent negotiation skills combined with the ability to communicate complex financial information clearly to clients
- Proficiency in financial software, accounting software, and basic math skills including 10-key typing accuracy
- Ability to analyze credit reports and perform risk assessments related to commercial lending or residential loans
- Exceptional customer service skills with a focus on relationship building in financial sales environments
Benefits
About the Company
Bolt Home Loans offers a 777 Program for mortgage professionals looking to grow their business and expand their earning potential.
