Loan Officer Assistant - Orlando, United States - Magic Mortgage

Description

JOB TITLE:
Loan Officer Assistant


DEPARTMENT:
Origination


LOCATION:
Orlando, FL


SALARY SCALE: 100% Commission Based


SUMMARY OF MAIN RESPONSIBILITIES

Ensuring that all systems utilized internally are consistently updated and accurately noted for status on any File as they apply/change to ensure all parties have the most accurate and complete information possible - to include but not limited to Arrive, BONZO, Gmail, etc.

The Loan Officer Assistant has the responsibility to collaborate with the following departments: leadership, operations, marketing, compliance, and the account executive team for the purpose of improving processes and to assist in developing training material for the entire company.

Specific Responsibilities
-
General_

• Facilitate interdepartmental communication and loan origination support give updates on loan statuses.
• Comply with Magic Mortgage & Appli, llc's Policy & Procedures and compliance requirements.
• Actively validate the following aspects of the 1003:
• Income (to include calculation of income)
• Assets
• Credit
• Automated Underwriting System [AUS] both DU & LPA
• Ensure satisfactory document review and status of file:
• Properly Labeled Documents
• Accurate and complete file (borrower / agent input)
• Accurate and Complete Doc request up until file moved to "Processing"
• No Call Left Behind
• Before signing off each day ensure that any missed calls are returned

-
Reporting and Tracking _

• Loan Officer Assistant (LOA) will report to the Leadership and will be meeting one on one biweekly to report on performance and issues related to performance, profitability, and employee development. Receives support by having huddles, training, quality calibrations as needed
• Loan Officer Assistant (LOA) will be required to maintain & complete daily pipeline report to Loan Officer
• Loan Officer Assistant (LOA) will ensure that tracking systems utilized are up to date daily

-
Training and Development _

• Stay up to date and complete any Required Company Trainings
• Complete Quarterly Compliance trainings prior to due date

IDEAL CANDIDATE:


Essential:

• Bilingual
• Fluent in Spanish: Oral & Written Proficiency as well as a native Spanish Speaker
• Proficient with Microsoft Office Suite, Gmail Suite, General knowledge in industry loan origination software platforms
• Strong communication and presentation skills
• Desire to grow, and build personally and intellectually

Desirable:

• Typing at least 60 WPM
• Ability to identify and troubleshoot loan products based on guidelines
• Mortgage Brokerage experience
• 1 year of experience in the mortgage industry

Please note:
Additional criteria may be established to facilitate shortlisting**
SUCCESS METRICS:Minimum Requirements**- Individual loans supported 15 per month


Submission Errors - _Defined as: Incomplete or inaccurate 1003 and/or not meeting minimum submission requirements_

• Compliance Violations
• Income calculation errors
• Asset verification errors
• Credit

assessment


Pay:
$100, $200,000.00 per year


Benefits:

• Flexible schedule
• Professional development assistance

Compensation package:

• Commission only

Schedule:

• 8 hour shift
• Monday to Friday
• Weekends as needed

Work setting:

• Inperson
• Office

Experience:

• Fair Housing regulations: 1 year (preferred)
• Loan origination: 1 year (required)
• Sales: 1 year (preferred)

Ability to Commute:

• Orlando, FL required)

Ability to Relocate:

• Orlando, FL 32801: Relocate before starting work (required)

Work Location:
In person