Junior Loan Officer

Junior Loan Officer job summary

Our lending team is experiencing tremendous growth and we are looking for a results-oriented junior loan officer who can generate new business and referrals and assist our senior loan officers in creating and closing loan packages. Lending or mortgage industry experience is not required but is a tremendous asset. If you are tenacious, driven, and love a fast-paced career that allows your communication and interpersonal skills to truly shine, please start your application today!

Junior Loan Officer responsibilities

• Consult with potential loan applicants - answer questions and provide additional information about home loan products to create personal relationships
• Gather financial information to assist with loan applications, prepare loan files, and assess applicants’ financial situation and eligibility
• Communicate with the senior mortgage loan officer/ MLO to make a recommendation of which mortgage loan products are best suited depending on applicant’s financial status
• Monitor sales pipeline, meet sales expectations, get referrals, and generate new business opportunities
• Interface between loan processor, senior loan officer/ mortgage loan originator, underwriter, mortgage lender or mortgage banker, and realtors on behalf of the applicant as needed to ensure a successful loan transaction

Junior Loan Officer qualifications

• High school diploma or equivalent required; Bachelor’s degree is desired
• Previous experience in financial services, real estate, lending institutions, credit union, or related fields is valuable, but not required
• Knowledge of guidelines for loan programs and various types of loans such as FHA, commercial loans, VA, etc is an asset, but not required
• Must be willing to complete training program to obtain NMLS/ MLO/ state license
• Superb relationship, sales, communication, and MS Office skills are needed

Junior Loan Officer compensation

$51,323 (National Average)