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First Boston Powered by New American Funding

Mortgage Loan Officer Assistant

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What they do

A Mortgage Loan Officer assists customers who apply for loans, and solicits loan applications on behalf of a bank, mortgage broker or credit union. Provides information on types of loans available, gathers financial and credit information needed to evaluate loan applications; guides the application and approval process. May partner with real estate agents to offer financing information to potential home buyers. May sell mortgage loans on commission.

$64,355 / year median in Massachusetts

-26% projected decline

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Job Description

Mortgage Loan Officer Assistant First Boston Powered by New American Funding Woburn, MA Job Details Full-time $60,000 - $85,000 a year 19 hours ago Qualifications Customer follow-ups Customer communication Underwriting guidelines adherence Credit risk assessment Consumer lending analysis in risk and credit Credit report review Credit report analysis Automated underwriting Full Job Description Are you interested in working alongside leaders in the mortgage industry who will help you grow your career? If so, we are looking for you! We're hiring for a full-time Mortgage Loan Officer Assistant to work in tandem with the loan officer to properly package loans for clients and get them mortgage-ready. The loan officer will cultivate new business while you analyze customer credit, review income, and assess documents to ensure a successful close. This role is perfect for the detail-oriented self-starter who thrives on success. Plus, you'll never have to worry about commission, because we're offering a salaried position. If you want to help people find their dream homes without the hassle of finding new leads, we need to talk. Our team will empower you to embrace your natural talents, and we'll give you everything you need to achieve your career goals. Ready to start? Apply today!
Compensation:
$60,000 - 85,000 Total Compensation - (base + bonus)
Responsibilities:
Communicate consistently with the loan officer, referral partners, and clients so they have a clear primary contact throughout the "contact to contract" phase of the loan process, and arrange meetings to ensure any follow-up actions get taken Build and maintain relationships with borrowers and referral partners to keep our current customers and attract new ones Facilitate the completion of loan applications, coordinate the collection of documentation, including credit reports, run DU/LP/AUS, send a closing cost worksheet to borrowers, and prepare the file for processing Review all loan package documentation for discrepancies, omissions, and income calculation and then report any discrepancies to the loan originator Respond to all in-house and customer inquiries regarding transactions and provide quotes when needed to offer exceptional customer service
Qualifications:
Exceptional follow-up, time management, interpersonal, and communication skills Working knowledge of automated underwriting systems such as DU and LP Up-to-date NMLS license or willing to get licensed within 90 days Has lender experience using loan origination software like Encompass LOS Able to accurately analyze income, asset documents, and credit reports, and knows how to structure the information properly for a loan About Company First Boston Powered by New American Funding enables clients of all backgrounds to accomplish the American dream of homeownership by offering a diverse product suite, competitive pricing, and our promise to provide a timely and efficient closing. Our dedication to client service during the transaction extends after the closing while we service their mortgage. This passion for client service is displayed in every step of the homeownership experience, with a focus on fulfilling clients' needs in a manner that enhances their standard of living.