Lending Officer conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. Being a Lending Officer performs a due diligence review of potential borrowers, including a risk and financial analysis. Structures loan proposals, prepares credit memos, and presents to loan committee for approval. Additionally, Lending Officer may manage a portfolio of existing loans, including reviewing financial reporting, monitoring compliance with loan terms, and handling loan modifications or workouts. Ensures adherence to regulations, bank credit policies, and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Lending Officer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Lending Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
As a Senior Loan Officer, you will generate your own leads through your referrals from realtors, builders, financial planners and other resources. You are responsible for educating clients, producing qualified loans to increase the mortgage portfolio, providing disclosures as required by law while aggressively promoting City Lending products.
So, Why City Lending Inc?
• Direct Mortgage Banker
• Bi-weekly Payroll
• High compliant compensation per closed loan
• Branch P & L
• Production Support: LOA / Processing
• Lead access (Purchase and Refinance)
• Competitive rates and fees
• Minimum or no overlays on government and conventional loans
• Fast turn times (i.e. 48 hours in-house approvals, conditions, docs, & funding)
• Lock your loans at the time you are disclosing
• Loan Setup department available
• Submit to Underwriting without appraisal and title
• CD issued at initial approval
• Open-door policy with Underwriting, Processing, Secondary and Owner
• Disclosure Desk / e-Disclosures
• In-house Capital Markets
• Encompass / Optimal Blue
• We run our appraiser roster internally
Our Programs:
FHA, Conventional, Jumbo, VA, USDA, Down payment Assistance, Non-QM (Tax ID Program, Bank Statements, Investor Cashflow, Foreign National, Non- Warrantable Condo) One-Time Close Construction Loan.
We are licensed in MD, VA, DC, FL, CA, WV, CO, TX, TN, IN, WA, PA, NY, IL
Our Marketing and Support tools:
Email campaigns, Social media, Radio Advertising, Multiple other outlets, Favored LO Tools, Encompass, Pricing search engine, Help Desk, CRM.