Loan Officer

Job Description

Job Title:

Mortgage Loan Officer 

Department:

Sales- RateCloud

Location:

Milford, CT 

Position reports to:

Position supervises:

FLSA status:

_X_ Exempt     __ Non-Exempt

TMS Core Values:

• Embrace and Drive Change
• Create and Maintain High Morale, Job Fulfillment and Enjoyment
• Be Creative and Open-Minded
• Pursue Growth and Learning in Self and Team
• Build Open and Honest Relationships with Communication

General Purpose and Scope (Summary):

Originate first and second mortgage loans

Responsibilities / Functions: 

• Originate first and second retail mortgage loans for various investors according to their prescribed guidelines. 
• Using DU/LP/NAUS and any other automated underwriting engines for pre-approvals. 
• Initiate and ensure follow-up contact with borrowers/applicants. 
• Maintain current knowledge of Lender and Investor requirements
• Utilize TMS Lead/Contact management Systems. 
• Document and maintain system notes/record keeping
• Meet established minimum daily expectations for this position: 

        -Initiate and follow through with daily assigned telephone and internet/email contact with leads, as described in TMS’ monthly expectations

        -Review and understand daily Investor rate sheets/pricing/adjustments, etc. 

        -Lock loans and email proper channels to advise of lock(s). 

Personal Traits / Competencies:

Strong communication skills with pleasant, upbeat persona

Detail oriented

Strong customer service, organization, and problem resolution skills

Technical / Computer Skills:

Thorough k knowledge of Desktop Underwriter, Loan Prospector and other similar systems as well as Microsoft Office. 

Education and Experience: 

• High School Diploma or equivalent
• Active MLO license

National and State Certifications, Licenses, etc.    

Hours for position: (on-call, overtime consideration, etc.)

Date Created:

Date Updated:

Conclusion

This job description is intended to convey information essential to understanding the scope of the job and the general nature and level of work performed by job holders within this job. But, this job description is not intended to be an exhaustive list of qualifications, skills, efforts, duties, responsibilities or working conditions associated with the position.