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Loan Officer Assistant
Summit Funding, Inc. Sacramento, CA
$64k-83k (estimate)
Full Time | Lending & Credit 2 Months Ago
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Summit Funding, Inc. is Hiring a Loan Officer Assistant Near Sacramento, CA

Company DescriptionSummit Funding, Inc is one of the oldest still privately owned top 50 national mortgage lenders. When Todd Scrima, our owner and CEO founded our company in 1995 his dream was not to be the biggest, but to strive to be the best. In 2022 we were proud to play a part in making the dream of homeownership a reality for over 10,000 people. Our growth mindset, positive culture, and history of stability are just a few things that position our company as a leader in the mortgage industry.Benefits and Perks:Opportunity to further a career in a competitive, fast-paced growing industry where you can make a difference in people’s lives.Opportunity to earn competitive compensation including possible bonuses based on performance.Full benefits include medical, dental, vision, 401K plus match, 11 paid holidays, paid time off, and more.Fun team atmosphere, professional development, and more.Job DescriptionSummit Funding in Sacramento, CA is hiring! We are now recruiting candidates for a Loan Partner/Loan Officer Assistant to join our team.An exciting opportunity for an outgoing, organized, detail-oriented, aspiring professional who is interested in growing in the world of mortgage and finance. The Loan Partner is a pivotal role that provides administrative and marketing support to the busy producing Loan Officer helps them grow their business, and assists in making the borrower’s dream of homeownership a reality.Starting pay rate ranges between $22 to $28/hr DOE and includes the potential to earn monthly bonuses based on productionWhat you would be doing:Manage your Loan Officer's calendar, keeping them on schedule and on task.Monitor and manage communication on behalf of the Loan Officer as needed.Source, track and follow up with leads, schedule and confirm appointments with borrowers and referral partners.Prepare potential borrowers before they come in to meet with the Loan Officer.Send out thank you correspondence to borrowers and referral partners on the Loan Officer's behalf.Assist with marketing responsibilities including managing their database of referral partners, initiating and executing marketing campaigns.Collaborate with the Loan Officer to come up with new, creative, unique ideas for marketing campaigns.Maintain office supplies in stock including Summit marketing brand kits and team merch.Manage and update social media sites and marketing campaigns.Coordinate Happy Hour, Lunch and Learn and other events with clients, referral partners, vendors and internal team members.Assist the Loan Officer with putting together loan applications.Additional Responsibilities if NMLS Licensed:Prequalify clients to include discussing, rates, terms and/or financial options.Call and obtain conditions from borrowers and Realtors. Clear any conditions that require communication with the clients.Meet with clients to sign Loan Applications and Disclosures.With new contracts, facilitate the introduction to Realtors via e-mail and facilitate a call from the Loan Officer to ensure positive customer service for our new clients.Understand and research all investor guidelines and stay up to date on any and all program changes that affect the processing or originating of loans in the pipeline.Submit complete files to processing based on Investor and/or AUS requirements to get ready for submission to Corporate.Communicate loan approval by sending pre-approval/commitment letters to all parties involved in the transaction.Send out correspondence – Thank you cards, Closing Cost Calculators, etc.Coordinate Closing details with Client – Final Payment, rate, Cash to Close, etc.Quote interest rates and lock loans. Solve escrow issues without involving the Loan Officer.Review all closing statements, compare to signed CD before signings and correct discrepancies.QualificationsMinimum of 1 year in mortgage processing, underwriting, originating or combination of all aspects experience preferred.Registered and licensed through NMLS a plusProficient in DU/DO, LP, & major Origination systems.Proficient with major correspondent and wholesale channels and their guidelines, including their websites and pricing engines.Must be able to work 40 hours per week and overtime as required in the office.Must be proficient in Word, Excel and Outlook applications.Must have excellent verbal and written communication skills.Must have a positive attitude.Must be dependable, self-motivated and require minimal supervision.Additional InformationAll your information will be kept confidential according to EEO guidelines.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Lending & Credit

SALARY

$64k-83k (estimate)

POST DATE

02/23/2024

EXPIRATION DATE

03/29/2024

WEBSITE

summit-funding.com

HEADQUARTERS

CINCINNATI, OH

SIZE

50 - 100

FOUNDED

1993

TYPE

Private

CEO

AARON DENTON

REVENUE

$10M - $50M

INDUSTRY

Lending & Credit

Show more

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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.

SERV
Temporary | Part Time | Full Time
$69k-95k (estimate)
2 Weeks Ago

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.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College
Show more