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Loan Officer
Overview:
We are seeking a highly motivated and experienced Loan Officer Assistant to join our team. As a LOA, you will work closely with clients to understand their financial needs and provide them with suitable loan options. The ideal candidate has a strong background in credit analysis, loan origination, and financial services.
Responsibilities:
- Evaluate loan applications and determine the creditworthiness of applicants
- Conduct thorough credit analysis and review financial documents
- Assess the risk involved in granting loans and make recommendations based on findings
- Provide excellent customer service by guiding clients through the loan application process
- Collaborate with clients to identify their financial goals and recommend suitable loan products
- Ensure compliance with all applicable regulations, including TILA and FNMA guidelines
- Maintain accurate records of loan applications, approvals, and denials
- Build and maintain relationships with clients, real estate agents, and other industry professionals
- Stay updated on market trends, interest rates, and industry changes
Requirements:
- Proven experience as a Loan Officer Assistant or similar role in the financial services industry
- In-depth knowledge of loan origination procedures and regulations
- Strong understanding of credit analysis principles and practices
- Familiarity with accounting software and mathematical skills for financial calculations
- Excellent communication and interpersonal skills to build relationships with clients
- Ability to work independently and meet deadlines in a fast-paced environment
- Valid license to originate loans (preferred)
Join our team as a Loan Officer Assistant and help individuals achieve their financial goals through tailored loan solutions. Apply today!
Job Type: Full-time
Pay: $40,000.00 - $150,000.00 per year
Benefits:
Compensation package:
Payment frequency:
Schedule:
Work setting:
Work Location: In person
Full Time
$44k-55k (estimate)
04/11/2024
04/24/2024
The job skills required for Loan Officer Assistant include Customer Service, Loan Origination, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Officer Assistant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Officer Assistant. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Loan Officer Assistant positions, which can be used as a reference in future career path planning. As a Loan Officer Assistant, it can be promoted into senior positions as a Loan Processor III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Officer Assistant. You can explore the career advancement for a Loan Officer Assistant below and select your interested title to get hiring information.
If you are interested in becoming a Loan Officer Assistant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Loan Officer Assistant for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Loan Officer Assistant job description and responsibilities
The Loan Officer Assistant position supports one or more Loan Officers by ensuring loan files are complete and loans close as scheduled.
03/15/2022: Provo, UT
Supports the marketing activities of the assigned loan officers and provides administrative support.
03/16/2022: Brockton, MA
The loan officer assistant will package up the mortgage loan application for the loan officer to review before disclosing the loan.
03/27/2022: Billings, MT
The loan officer assistant will gather many documents and paperwork to prepare the file to get assigned to a mortgage loan processor.
01/30/2022: Lawrence, MA
Loan officer assistants are responsible for assisting with the loan application process by reviewing and preparing client documents within a given period of time.
01/31/2022: Florence, SC
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Loan Officer Assistant jobs
Most loan officer assistants are licensed and have many years of loan origination and processing experience.
03/31/2022: Elyria, OH
Need to be familiar and expert with a loan origination system such as Encompass and/or Calyx Point.
02/05/2022: Orlando, FL
Study mortgage applications and processes.
02/11/2022: Miami, FL
Learn all applicable loan programs and processes and stay current with changes and new products.
02/01/2022: Phoenix, AZ
Assisted clients with transactions and communicated status of home loans, thereby building strong base of referral business due to delivery of excellent service.
02/17/2022: Alexandria, LA
Step 3: View the best colleges and universities for Loan Officer Assistant.