Purchase Loan Officer
Purchase Loan Officer
Posted on :
11-04-2025
Employer Active
1 Vacancy
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Job Description
Description
Position at loanDepot
Position Summary:
Responsible for cultivating loans through internal digital lead source programs. May be assigned inside referrals from interstate branches employee loans departed loan consultants or MSA/Desk rental partners. Ensures the performance of all duties in accordance with the companys policies and procedures all U.S. state and federal laws and regulations wherein the company operates.
Responsibilities:
Responsible for cultivating loans through internal digital lead source programs. May be assigned inside referrals from interstate branches employee loans departed loan consultants or MSA/Desk rental partners. Ensures the performance of all duties in accordance with the companys policies and procedures all U.S. state and federal laws and regulations wherein the company operates.
Responsibilities:
- Meets with borrowers to determine best loan program for individual needs after analyzing income assets credit and property.
- Prepares and submits loan submission sheet to set up.
- Reads and understands rate sheets product codes loan level price adjustments in order to calculate rates and fees.
- Negotiates and confirms rates fees and lock terms with customer.
- Locks loans in the system with agreed upon terms and manages locked pipeline through funding.
- Communicates positively and professionally with operations staff throughout the process of the loan to ensure a smooth closing.
- Engages in managing the loan pipeline with all team members to meet company efficiency standards.
- Collects all required documentation from borrowers and converts to paperless documents.
- Communicates regularly with borrowers to meet desired expectations.
- Analyzes potential marketing opportunities to develop future business opportunities.
- Demonstrates knowledge of adherence to monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position.
- Intermediate skills in computer terminal and personal computer operation; Microsoft Office applications including but not limited to: Word Excel PowerPoint and Outlook.
- Proficient with sales software and contact management tools.
Requirements:
- Experience in the Mortgage industryrequired.
- NMLS loan originator licenserequired.
- Continuing education classes required by licensing authority.
- Continuing training classes required by the company to meet CFPB requirements.
- High School Degree or equivalent required and a minimum of one 1 years experience working in a similar field.
Why work for #teamloanDepot:
- Aggressive compensation package based on experience and skill set
- Inclusive diverse and collaborative culture where people from all backgrounds can thrive
- Work with other passionate purposeful and customercentric people
- Extensive internal growth and professional development opportunities including tuition reimbursement
- Comprehensive benefits package including Medical/Dental/Vision
- Wellness program to support both mental and physical health
- Generous paid time off for both exempt and nonexempt positions
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010 loanDepot has revolutionized the mortgage industry with a digitalfirst approach that makes it easier faster and less stressful to purchase or refinance a home. Today as the nations second largest nonbank retail mortgage lender loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of lifes most complex transactions. With headquarters in Southern California and offices nationwide loanDepot is committed to serving the communities in which its team lives and works through a variety of local regional and national philanthropic efforts.
Base pay is one part of our total compensation for Purchase Loan Consultants. The base pay for this role is determined by your states minimum wage and county requirements. In addition to an uncapped commission plan. Rampup bonuses are possible based on a proven record of recent production.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race religion color national origin gender sexual orientation age marital status veteran status or disability status.
Required Experience:
Unclear Seniority
Employment Type
Full Time
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