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Bilingual Loan Officer Assistant

Company: Summit Funding, Inc.
Location: Stockton
Posted on: June 16, 2022

Job Description:

Summit Funding is growing! We are now recruiting NMLS licensed candidates for a bilingual Loan Officer Assistant/Loan Partner to join our Stockton team!

Pay rate ranges between $17 and $26/hr DOE plus potential to earn monthly bonuses based on production.Who we are:Summit Funding, Inc is one of the oldest still privately owned top 50 national mortgage lenders. When Todd Scrima, our owner and CEO founded our company in 1995 his dream was not to be the biggest, but to strive to be the best. In 2021 we were proud to play a part in making the dream of homeownership a reality for over 26,000 people. Our growth mindset, positive culture, and history of stability are just a few things that position our company as a leader in the mortgage industry.And speaking of culture, click here to view a video featuring Todd Scrima, our founder and CEO, where he discusses this very topic:
Our Summit Culture - YouTubeIf above link is not clickable, try copying and pasting into your web browser: we have available:This position is for you if you LOVE the mortgage industry and you are bilingual in Spanish and an experienced Loan Originator who would like the stability of a non-prospecting role, or are a Loan Officer Assistant or Loan Processor with excellent relationship building skills who enjoys the interaction with borrowers and clients. The Loan Partner II works with the Loan Officer, Loan Processor/Manager, Borrower and Business Partner to ensure the successful on time and smooth origination and closing of the home loan.What you would be doing:

  • Prequalify clients to include discussing, rates, terms and/or financial options.
  • Call and obtain conditions from borrowers and Realtors. Clear any conditions that require communication to the clients.
  • Meet with clients to sign Loan Application and Disclosures.
  • With new contracts, facilitate the introduction to Realtors via e-mail and facilitate a call from the Loan Officer to ensure positive customer service for our new clients.
  • Understand and research all investor guidelines and stay up to date in any and all program changes that effect the processing or originating of loans in pipeline.
  • Submit complete files to processing based on Investor and/or AUS requirements to get ready for submission to Corporate.
  • Communicate loan approval by sending pre-approval/commitment letters to all parties involved in transaction.
  • Responsible for weekly status calls to all parties involved in transaction (Clients, Realtors, Builder, etc.).
  • Track and manage new leads and follow up on referral business.
  • Send out correspondence - Thank you cards, Closing Cost Calculators, etc.
    Coordinate Closing details with Client - Final Payment, rate, Cash to Close, etc.
  • Quote interest rates and lock loans.
  • Solve escrow issues without involving loan officer.
  • Review all closing statements, compare to signed CD before signings and correct discrepancies.
  • Assist LPI with putting scenarios together for prospective clients (researching client scenarios with underwriting and investor guidelines).
  • Assist Loan Officer with call backs to prospects that require a phone consult prior to a face to face or virtual meeting.
  • Face to face meetings with clients when Loan Officer cannot attend.
  • Re disclose all new loans when there is a change of circumstance. What we need from you:
    • Bilingual in Spanish required
    • Must be registered and licensed through NMLS
    • One to three years of mortgage processing, underwriting, originating or combination of all aspects experience preferred.
    • Proficiency in Desktop Underwriter/Desktop Originator (DU/DO), Loan Prospector (LP), and major Originating systems. Encompass experience preferred.
    • Proficient with major correspondent and wholesale channels and their guidelines, including their websites and pricing engines.
    • High school diploma or equivalent.
    • Must have excellent verbal and written communication skills.
    • Must be able to work a full time standard 40-hour work week, plus potential overtime as necessary in our professional office.What we offer you:
      • Opportunity to further a career in a competitive, fast paced growing industry where you can make a difference in people's lives.
      • Unlimited earning potential based on performance.
      • Full benefits including medical, dental, vision, 401K plus match, 11 paid holidays, paid time off and more.
      • Fun team atmosphere, professional development and more.INDHP

Keywords: Summit Funding, Inc., Stockton , Bilingual Loan Officer Assistant, Other , Stockton, California

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