Job Information
BANK OF UTAH Mortgage Loan Officer Assistant in SANDY, Utah
Major Job Function:
Assists Loan Officers in marketing new business and maintaining relationships with current customers. Assists the Branch as necessary in the origination/processing of mortgage loans. Helps to maintains loan files to ensure files are in compliance and of investment quality. Helps coordinates loan closings.
Experience/Skills necessary to perform duties:
- 3-5 years' experience in the mortgage industry
- Ability to market new business and maintain customer relationships
- Broad knowledge of FHA, VA, Conventional, Utah Housing and non-conforming loan programs
- High School Education
- Experienced in Windows based software
- Excellent computer skills
- Strong written and verbal communication skills
- Detailed oriented
Regular Duties and Responsibilities:
- Assists Loan Officer (LO) in marketing new customers
- Assists LO in maintaining relationships with existing clients
- Forward facing to the borrower through the process of their loan.
- Assist Loan Officer with reports, analysis and statistics to help maximize selling opportunities.
- Learn and utilize various in house technical systems and programs to provide optimal support to the Loan Officer.
- Performs initial file setup. Input the application information into the system and send out initial application documents if needed.
- Analyzes initial paperwork to determine what items are needed to proceed with borrower's loan request. Procures missing items from the appropriate parties.
- Determines when to request Automated Underwriting System (AUS) and requests AUS when applicable. Examines AUS feedback to ensure data coincides with documentation in file.
- Keeps data in computer up to date on each loan file.
- Determines with LO what type of credit report to obtain to properly verify credit and liabilities of the borrower. Obtains and analyzes proper credit documentation. (MRA)
- Assist with construction loans as needed -- Loan Approval Reports, Builder Information, Debt Sheet, Cost Breakdown, monitoring completion of construction inspections etc.
- Communicates with "key" people (LO, borrowers, builders/realtors, vendors) involved with the file the progress, any questions, problems, etc. on the file.
- Determines with LO priority of files and reviews files on a regular basis.
- Coordinates loan closings with closing department, title company, borrowers, builders, realtors, etc., if needed.
- Adhere to all federal and state compliance guidelines relative to retail mortgage lending.
- Attendance is an essential function of the job.
- Other duties as assigned.
The wage listed is within the range associated with this position. Actual compensation will be based on qualifications and experience.
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