Junior loan officer job description
Updated March 14, 2024
3 min read
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Example junior loan officer requirements on a job description
Junior loan officer requirements can be divided into technical requirements and required soft skills. The lists below show the most common requirements included in junior loan officer job postings.
Sample junior loan officer requirements
- Bachelor's degree in finance, economics or related field
- Proficiency in Microsoft Office Suite
- Strong analytical and mathematical skills
- Ability to multitask and manage time effectively
- Knowledge of loan processing procedures and regulations
Sample required junior loan officer soft skills
- Excellent communication skills, both written and verbal
- Ability to work well in a team environment
- Attention to detail and accuracy
- Strong customer service skills
- Ability to adapt to changing priorities and work well under pressure
Junior loan officer job description example 1
R&E International junior loan officer job description
- 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
- 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
- Gather financial information to assist with loan applications, prepare loan files, and assess applicants' financial situation and eligibility
- Consult with potential loan applicants - answer questions and provide additional information about home loan products to create personal relationships
- Meet sales expectations, generate new business, get referrals, and monitor sales pipeline
Qualifications
- Some college (Bachelor's) is preferred, but a high school diploma or equivalent is required
- Exceptional communications, sales, relationship, and MS Office skills are necessary
- Previous experience in financial services, real estate, lending institutions, credit union, or related fields is valuable, but not required
- Understanding of loan programs guidelines and various types of loans such as FHA, commercial loans, VA, etc is helpful, but not required
- Willing to complete training program to obtain NMLS/ MLO/ state license
Compensation
$48,000 - $53,500 yearly
About Real Estate Marketplace
Real Estate MarketPlace is locally owned and operated. That's why we understand the local real estate market and why we pride ourselves on being part of our vibrant community. You'll get personalized service with the convenience of today's digital mortgage solutions. Whether you prefer face-to-face conversations, in-depth phone calls, or purely digital communication, we're here for you.
Unlike banks and mortgage lenders, our loan experts can compare a wide variety of potential mortgage options from many different sources. This creates a competitive market where lenders compete to earn your business - and only the most competitive rates and products survive. Our loan originators can shop hundreds of those competitive home loan options to find the ones that suit your needs. They'll be like your very own mortgage personal-shopper.
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Updated March 14, 2024
Updated March 14, 2024