Hybrid Purchase Loan Consultant at loanDepot
loanDepot · Southfield, United States Of America · Hybrid
- Junior
- Office in Southfield
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 company’s 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.
- Experience in the Mortgage industry required.
- NMLS loan originator license required.
- 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.
- 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 customer-centric 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 non-exempt positions