Loan Officer

Job Summary
We are seeking a knowledgeable and customer-focused Loan Officer to join our financial services team. The ideal candidate will be responsible for guiding clients through the loan process, evaluating creditworthiness, and ensuring compliance with industry regulations. This role requires a strong understanding of mortgage products, loan origination, and financial analysis, with a focus on delivering exceptional customer service and sales performance. The Loan Officer will play a vital role in helping clients secure the financing they need while adhering to all applicable laws and regulations.

Responsibilities

• Assist clients in identifying suitable loan options based on their financial profiles and needs.
• Evaluate credit reports, income documentation, and financial statements to determine loan eligibility.
• Conduct thorough credit analysis and underwriting to assess risk and ensure compliance with FNMA, TILA, Fair Housing regulations, and other industry standards.
• Prepare and review loan contracts, disclosures, and related documentation using financial software such as Quicken or other banking tools.
• Collaborate with mortgage servicing teams to process loans efficiently from application through closing.
• Negotiate terms with clients and third-party stakeholders to reach mutually beneficial agreements.
• Maintain up-to-date knowledge of mortgage products, banking regulations, escrow procedures, and loan processing requirements.
• Ensure all loan files are complete, accurate, and compliant with federal and state regulations including TILA and other relevant laws.
• Provide excellent customer service by guiding clients through the application process and answering inquiries promptly.
• Utilize 10-key typing skills for data entry tasks related to loan processing.

Experience

• Proven experience as a Loan Officer or in a similar financial sales role within banking or mortgage industries.
• Strong background in loan origination, underwriting, credit analysis, and mortgage servicing.
• Familiarity with FNMA guidelines, escrow procedures, contracts, and fair housing regulations.
• Proficiency in financial software such as Quicken or comparable accounting software; experience with mortgage-specific platforms is a plus.
• Excellent negotiation skills combined with solid knowledge of TILA regulations and loan processing procedures.
• Ability to perform basic math calculations accurately using math skills and 10-key typing speed.
• Demonstrated customer service excellence with the ability to communicate complex financial information clearly. This position offers an engaging opportunity for professionals passionate about financial services and helping clients achieve their homeownership goals while maintaining compliance with industry standards.

Job Type: Full-time

Pay: From ₹14,000.00 per month

Benefits:

• Flexible schedule
• Work from home

Work Location: Remote