What are the responsibilities and job description for the loan officer position at BMA Closes?
Overview
Join our dynamic financial team as a Loan Officer and become a vital part of helping clients achieve their homeownership and financial goals! In this energetic role, you will be the key driver in guiding customers through the loan process, providing expert advice on mortgage options, and ensuring compliance with industry regulations. Your proactive approach and industry knowledge will empower clients to make confident financial decisions while maintaining the highest standards of service and integrity. This position offers an exciting opportunity to grow within a thriving organization dedicated to excellence in mortgage lending and financial services.
Responsibilities
- Assist clients in navigating the loan origination process, from application to closing, ensuring a seamless experience.
- Conduct thorough credit analysis and risk assessments using Loan Origination Systems (LOS) and other financial software tools.
- Negotiate loan terms with clients, balancing their needs with regulatory requirements such as TILA (Truth in Lending Act) and Fair Housing regulations.
- Prepare and review loan documentation, including underwriting reports, escrow details, and compliance paperwork.
- Collaborate with underwriters, mortgage servicing teams, and external partners to facilitate timely loan approvals and funding.
- Maintain strong client relationships through clear communication, proactive updates, and exceptional customer service.
- Stay current on industry knowledge of financial regulations like FNMA (Fannie Mae), banking compliance standards, and mortgage lending best practices to ensure adherence at all times.
Requirements
- Proven experience as a Loan Officer or in a similar mortgage lending role with a solid understanding of loan processing, underwriting, and industry regulations.
- Strong negotiation skills paired with excellent customer service abilities to build trust and rapport with clients.
- Proficiency in Loan Origination Systems (LOS), accounting software, financial software, and TILA/Fair Housing regulations compliance tools.
- Demonstrated knowledge of mortgage services, retail lending, commercial lending analysis, credit analysis, and risk assessment techniques.
- Ability to perform basic math accurately using 10-key typing skills for calculations related to loan amounts, interest rates, and amortization schedules.
- Excellent communication skills for client interaction, relationship building in financial sales, and collaboration with internal teams.
- Familiarity with escrow processes, mortgage servicing procedures, banking regulatory compliance standards, and industry-specific software solutions.
Embark on a rewarding career where your expertise fuels client success! We are committed to fostering an inclusive environment that values your skills in financial sales, compliance adherence, and relationship building—making every day an opportunity to excel!
Pay: $50,500.00 - $200,000.00 per year
Work Location: In person
Salary : $50,500 - $200,000