Loan Officer East El Paso Job in El Paso, Texas US

Loan Officer East El Paso

Job Opportunity for Loan Officer: RESPONSIBILITY: Responsible for the interviewing and qualifying of members for mortgage products. DUTIES: Assists the Loan Department with required technical expertise with regard to mortgage products. Conducts face to face and over the phone interviews to assist both members/realtors with mortgage applications. Ensures all necessary documents are completed according to the guidelines of a specified product and orders necessary documents to include appraisals, surveys and insurance. Reviews and submits loan requests with recommendations for manual underwriting and screens all referrals. Sends Adverse Action Notice as required by federal law to members who do not meet loan program guidelines. Maintains contact with members and realtors throughout the loan process and returns all calls within a timely response. Coordinates closing dates with members, title companies and agents. Performs notary services. Maintains a clean pipeline. Reviews loanquoter/web applications and submits for approval. Interacts with investors to provide members with niche products and government loans. Maintain and understand compliance to ensure that work complies with customer?s established policies, procedures and applicable regulations. KNOWLEDGE, SKILLS AND EDUCATIONAL REQUIREMENTS: Complete and comprehensive knowledge of Title Insurance Law. Extensive knowledge of Regulations governing real estate regulations; C, Z, and Fair Debt Collection Practices Act. In depth knowledge of Down Payment Assisted Programs. Comprehensive, in-depth knowledge of real estate loan policies, mortgage loan documentation, mortgage loan forms, contracts and interest rates. Comprehensive knowledge of conventional and government underwriting guidelines. Comprehensive knowledge of loan origination software. Good communication skills, both written and oral. Good sales and marketing skills. Good clerical skills, typing, 10-key, working knowledge of PC and business calculator. High School diploma and additional post secondary technical course work or equivalent with three years similar or related experience. Required to meet all State and National licensing minimum standards; must meet required minimal education requirements for initial licensing and continued annual education; must pass national criminal history background check to include foreign and military courts on an annual basis, must maintain good credit on an annual basis. Basic knowledge of Mortgage Loan Servicing to include participation during escrow analysis. Complete and comprehensive knowledge of Texas and New Mexico Real Estate Law.