What are the responsibilities and job description for the Entry Level Sales - Joint Venture Loan Officer in Arizona position at loanDepot?
Position Summary:
This position will be responsible for participating in the JV University program, which will include working towards passing the National SAFE exam, Mortgage 101, and practical phone-based work. Upon graduation, you’ll be a Loan Officer within our Joint Venture Channel and will work with our partners to grow not only their business, but ours as well. You’ll examine, evaluate, and document applications for credit approval on real estate loans and maintain the operational standards set forth by the builders.
Responsibilities:
- Meet with borrowers to determine best loan program for individual needs after analyzing income, assets, credit, and property.
- Collect all required documentation from borrowers and convert to paperless documents.
- Prepare and submit loan submission sheet to set up.
- Read and understand rate sheets, product codes, loan level price adjustments to calculate rates and fees.
- Negotiate and confirm rates, fees, and lock terms with customer.
- Lock loans in the system with agreed upon terms and manage locked pipeline through the funding.
- Communicate regularly with borrowers to meet desired expectations.
- Maintain minimum productivity goals.
- Comply with organizational standards, polices, and procedures.
- Solely focuses on new originations.
- Communicate positively and professionally with operations staff throughout the process of the loan to ensure a smooth closing.
- Engage in managing the loan pipeline with all team members to meet company efficiency standards.
- Perform other related duties as assigned and required.
Requirements:
- High school diploma or general education degree (GED) required.
- 1-3 years of experience in the financial services industry highly preferred.
- NMLS loan originator license preferred.
- Continuing training classes required by the company to meet CFPB requirements.
Why work for #teamloanDepot:
- Aggressive earning potential and 401K with robust company match
- Inclusive, diverse and collaborative culture where people from all backgrounds can thrive
- Work with other passionate, purposeful and customer-centric people
- Extensive internal growth and professional development opportunities including tuition reimbursement
- Comprehensive benefits package including Medical/Dental/Vision
- Wellness program to support both mental and physical health
- Generous paid time off for both exempt and non-exempt positions
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Job Type: Full-time
Pay: $80,000.00 - $100,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee discount
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Professional development assistance
- Referral program
- Retirement plan
- Vision insurance
Physical Setting:
- Office
Schedule:
- 10 hour shift
- 8 hour shift
- Overtime
Supplemental Pay:
- Bonus pay
- Commission pay
Work Location: One location
