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We are looking for a detail-oriented Loan Officer Assistant to join our team in Schaumburg, Illinois. This contract-to-permanent position offers an exciting opportunity for professionals experienced in loan processing and administration to contribute to a dynamic and fast-paced environment. The role requires strong organizational skills and the ability to effectively communicate with borrowers and partners while ensuring compliance with mortgage program guidelines.
Job Responsibility:
Review and verify loan applications to ensure accuracy and compliance with supporting documentation
Collaborate with Loan originators to gather necessary conditions and maintain complete loan files
Assist clients with the mortgage pre-approval process, providing guidance on required documentation
Monitor and manage outstanding items in tracking systems, promptly securing borrower documents
Perform credit evaluations, calculate qualifying income, and determine housing and expense ratios
Apply mortgage program requirements to validate loan eligibility and prepare files for Loan Officer review
Offer administrative and licensed support, including discussing rates, terms, and originating loans when needed
Conduct audits and ensure compliance with loan agreements and applicable regulations
Utilize Encompass software and agency systems to manage loan processing tasks efficiently
Requirements:
Minimum of 3 years of experience in loan processing or origination, including conventional and government loan programs
Proficiency in using Encompass and agency systems such as DU
Exceptional communication skills for interacting with borrowers and team members
Strong attention to detail and organizational abilities to manage multiple tasks effectively
Ability to perform in a fast-paced environment while maintaining accuracy and compliance
Familiarity with loan underwriting, agreements, and administration
Experience with auditing processes related to loan servicing
Nice to have:
NMLS License preferred
What we offer:
medical, vision, dental, and life and disability insurance