Loan Partner 2 - Loan Officer Assistant

Mortgage Solutions FinancialColorado Springs, CO, US

Posted 8 hours ago

Description

Compensation: $73,000 to $87,500 depending on experience (includes base salary and per-file bonus)


Stop reading if you don't have extensive experience supporting the closing of VA loans!


Still reading? Stop reading right now if you are looking for a temporary job; this is a massive career opportunity with unmatched job security.


Stop reading if you don't have a minimum of 3 years in mortgage processing (preferred), underwriting, or origination.


Still with me? Okay..


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https://mortgagesolutions-net.zoom.us/clips/share/_AVLDR6aToq35Sczivav9w


Still interested?


Are you looking to work alongside a leader in the mortgage industry who will help you expand your career?


I'm looking for a full-time Loan Partner 2 (LP2) who will help our applicants get mortgage-ready and support them throughout the loan process.


The Loan Partner 2 is responsible for accurately preapproving home loan applications, issuing and managing quality pre-approval letters, and overseeing the success of every loan in the committed pipeline.


The LP2 will work cohesively with the loan officer, borrowers, loan processors, underwriters, and third parties to close 95%+ of all loans on time while providing an outstanding experience from application to close. This position requires substantial cash, credit, capacity (income), collateral, communication skills, and the ability to be resourceful.


Job seekers should be organized, detail-oriented professionals driven to succeed in their role. If you're interested in joining a team that will grow and challenge you, apply today!

Responsibilities

3 Core Duties Key Measurements

Pre-Application:

  • Contact all borrower(s) within 24 hours after an Initial Loan Consultation
  • Request and review cash, credit, and capacity (income) qualifications for all borrowers


Pre-Approve:

  • Accurately pre-approve all eligible borrowers
  • Handle payment scenario requests and accurately estimate closing cost scenarios
  • Proactively contact pre-approved buyers
  • Communicate effectively with all referral partners (Realtors, financial advisors, builders, and other partners) using clear, accurate, and compliant language


Pipeline:

  • Onboard all newly received contracts for the Loan Lock Consultation
  • Submit loan applications to Loan Processing for eDisclosures
  • Execute outstanding weekly borrower and realtor Updates, Pre-Closing Funding Calls
  • Ensure 95%+ loans close on time with daily check-ins to address choke points
  • Resolve 95%+ of loan issues before escalating to the Loan Officer


Essential Duties of this Position:

Prequalify:

  • Contact all newly received applications within 24 hours of assignment by the LO
  • Thoroughly review 1003 with the borrower(s) and request the necessary documents
  • Explore all options before turning down a pre-approval request
  • Keep Realtor and referral partners updated on the progress
  • Stay up to date on investor guidelines program changes


Pre-Approve:

  • Communicate pre-approval parameters to borrowers
  • Provide supplemental pre-approval documents
  • Notify the referring Realtor immediately after issuing pre-approval
  • Expedite rush pre-approval requests
  • Flag any red flags or potential issues to the LO or Team Captain (if applicable)
  • Dedicate a time block weekly to pre-approval outreach


Pipeline:

  • Expedite onboarding for newly received contracts
  • Perform a daily “gauge check” to identify “hot loans.”
  • Attend daily branch pipeline meetings to track loan milestones
  • Deliver weekly borrower update calls (and Realtors, when needed)
  • Coordinate closely with loan processing teams
  • Contact borrowers, attorneys, and realtors 24 hours before contingencies expire
  • Review Closing Disclosures for accuracy against the Loan Estimates
  • Conduct pre-closing phone calls (48 hours before closing)
  • Make congratulatory funding calls to borrowers, Realtors
  • Provide post-closing/funding support
  • Be available after hours for urgent questions (via mobile email and text)
  • Consistently exceed borrower and referral partner expectations

Qualifications

  • Must maintain an active NMLS license or be willing to get licensed within 60 days of hire
  • Minimum 3 years in mortgage processing, underwriting, or origination
  • Proficient in DU/DO, LP, and major investor guidelines
  • Experience with Loan Origination Systems (Encompass, ARIVE, Lending Pad, etc.)
  • Skilled in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook, OneNote)
  • Must be coachable and willing/able to embrace AI into daily workflow
  • Strong verbal and written communication skills
  • Ability to work under pressure and meet deadlines
  • Excellent time management and organizational skills
  • Ability to collaborate across the branch and corporate levels. Completion of regulatory compliance training
  • Ability to speak, write, and effectively communicate in English
  • Remote work is available

About Mortgage Solutions Financial

Look me up on social media (Dallas Frye).

I lead a high-speed, high-efficiency loan origination team built on a foundation that faith and family come first and that our work exists to support both. We pursue excellence in everything we do, and I will hold you accountable to excellence, not perfection!

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