What are the responsibilities and job description for the Loan Officer position at LIONSCOVE?
LIONSCOVE Loan Officer Job Description
The Loan Officer (LO) at LIONSCOVE is responsible for generating leads, managing client relationships, and facilitating the loan application process.
Key Responsibilities
- Generate leads through outbound activities, local events, title searches, etc. that fit LIONSCOVE guidelines.
- Build and maintain a contact list for outreach via phone, email, and text, tracked in our CRM.
- Conduct regular virtual and face-to-face meetings with contacts outside the office.
- Monitor and update account records consistently to process leads and in process loan opportunities to close multiple loans monthly.
- Identify client needs and tailor outreach to highlight points of differentiation.
- Maintain in-depth knowledge of private lending loan products, guidelines, and documentation requirements.
- Research potential clients to customize proposals and approaches.
- Determine effective approaches to present loan benefits and positioning.
- Prepare detailed loan proposals.
- Meet with applicants to assess needs, collect application data, and determine eligibility.
- Submit loan applications promptly.
- Follow up internally and with clients to ensure timely closings aligned with expectations.
- Analyze active loan files regularly and propose solutions to expedite processing.
- Ensure compliance with all relevant guidelines, laws and regulations.
Qualifications
- Minimum of 3 years of experience in Loan Officer or residential real estate roles.
- Strong communication and interpersonal skills.
- Proven ability to generate and manage leads.
- In-depth knowledge of loan programs and private lending processes.
- Detail-oriented with excellent organizational and problem-solving skills.
- Proficient in CRM tools and compliance.