Finance Factors Looking for Loan Officer Assistant at Honolulu, HI, United States Full Time

Job Description

The Loan Officer Assistant (LOA) works closely with an assigned Mortgage Loan Officer(s) (MLO) and operational staff to manage the MLO’s pipeline effectively. The LOA is responsible for customer interaction, database management, and setting up loan packages. The LOA analyzes the loan to ensure that loan qualifications are done in conjunction with regulatory, agency and internal guidelines. The LOA provides close support in all marketing efforts for the assigned MLO; including but not limited to; lead follow-up, market presentation support and liaising with company marketing team.
MINIMUM QUALIFICATION REQUIREMENTS

• High school diploma or GED required; Bachelor’s degree in Finance, Business Administration or other related field preferred
• Must have knowledge of lending terminology and the ability/experience speaking with borrowers regarding lending requirements
• Microsoft office software suite (Word, Excel, PowerPoint, etc)
• Loan Quarterback
• Experience using FHMLC LPA
• Excellent oral and written communication skills
• Excellent math and comprehensive reading skills
• Proven customer service ability is required

ESSENTIAL FUNCTIONS

• Assists the MLO (s) in co-managing the pipeline for current closings
• Provides marketing support to the MLO (s), including attending presentations; making marketing calls; distributing marketing materials
• Communicates with new potential customers and assists customers with the application process
• Assists MLO (s) with pricing and structuring loan including guideline assistance
• Analyzes loan files including analysis of borrower’s income, asset, and credit, making sure that it meets specific underwriting criteria
• Inputs new loan files on to the appropriate software
• Prepares loan documents, sets up loan files and follows up with supporting documents
• Discloses loan accurately and completely sending application package to the borrowers for signature
• Contacts borrower for any missing or requested documents, explanations, or other conditions
• Make note of discrepancies and notify MLO and Processor of potential issues
• Coordinates and/or assists Loan Processors with lender, borrower, escrow and other external and internal customers to satisfy all loan conditions
• Maintains dialogue with loan officers and real estate agents and mortgage brokers with loan status reports
• Responsible for complying with the various rules, regulations, policies and ethical standards governing the financial services industry including compliance with the Bank Secrecy Act and Reg-Z

OTHER FUNCTIONS

• Achieves productivity standards and service level agreements as established by management
• Participates in educational and training courses as related to the mortgage industry
• Performs all other tasks as assigned

WORKING CONDITIONS / OTHER REQUIREMENTS
Sitting for several hours, wrist twisting, fine motor manipulations, must hear quiet conversation. Must be flexible and versatile and able to work under stressful conditions with accurate results and meet deadlines. Have good organizational skills and communicate verbally and in writing and work effectively with internal and external personnel. Must be able to handle and prioritize multiple tasks. Must be able to lift 50lbs.