Loan Partner

Job Description

Loan Partner (Senior Loan Officer Assistant)

Job Summary

Seeking a highly skilled and experienced Loan Partner to join a team. This full-time hybrid role is ideal for a seasoned professional with a strong background in mortgage lending who can independently manage loans from application to submission. As a Loan Partner you will play a critical role in supporting mortgage loan officers by ensuring a seamless and efficient loan process for clients. If you are detail-oriented customer-focused and thrive in a fast-paced environment we encourage you to apply.

Compensation Package

• Competitive salary commensurate with experience.
• Comprehensive benefits package including health dental and vision insurance.
• Paid time off and holidays.
• Opportunities for professional growth and development.

Responsibilities

• Assist loan officers by overseeing the entire loan process from pre-approval to submission.
• Price and structure loan files based on borrower qualifications and investor guidelines.
• Review borrower documentation including credit income assets and liabilities for accuracy and completeness.
• Perform income calculations (W-2 self-employed etc.) in accordance with underwriting guidelines.
• Run DU/LP findings interpret results and prepare conditions for submission.
• Register and submit loans to lenders through various platforms and portals.
• Clearly explain loan products rates closing costs and mortgage processes to borrowers.
• Prepare and send initial disclosures while ensuring compliance with federal and state regulations.
• Maintain ongoing communication with clients lenders title companies and other stakeholders to ensure a smooth loan experience.
• Track key loan milestones and proactively resolve any issues that arise during the pipeline.
• Collaborate closely with processors underwriters and loan officers to ensure timelines are met.

Qualifications/Requirements

• Minimum of 3 years of experience in mortgage lending preferably as a Loan Officer Assistant Loan Processor or similar role.
• Strong working knowledge of Fannie Mae/Freddie Mac guidelines and conventional loan programs.
• Experience running DU and LP reviewing AUS findings and working with lender portals.
• Exceptional income calculation skills (both salaried and self-employed borrowers).
• Excellent communication and customer service skills with the ability to explain loan details to borrowers.
• Proficiency with LOS systems (e.g. Encompass Arive LendingPad etc.).
• High attention to detail organizational skills and ability to manage multiple files simultaneously.
• NMLS license preferred but not required (depending on state regulations and responsibilities).

Disclaimer: Please note that this job description may not cover all duties responsibilities or aspects of the role and it is subject to modification at the employers discretion.

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