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)
About us
Lending Buddy is a new mortgage company located in the heart of the Financial District in New York City dedicated to helping people achieve their dream of homeownership. Led by one of Mortgage Executive Magazines top 200 loan officers recognized leaders with more than 10 years in the mortgage industry, it is our mission to provide personalized mortgage solutions to meet the unique needs of each of our clients.
We are looking for professional and energetic individuals to join our team while providing an opportunity for growth within the company!
Benefits of working here at Lending Buddy:
Duties:
- Assist clients in obtaining mortgage loans by evaluating their financial situation and determining the best loan options for their needs
- Collect and review necessary financial documents from clients, such as pay stubs, tax returns, and bank statements
- Analyze credit reports and assess clients' creditworthiness
- Calculate mortgage payments and provide clients with accurate loan estimates
- Guide clients through the mortgage application process, ensuring all required documentation is completed accurately and submitted on time
- Collaborate with underwriters and other professionals to facilitate the loan approval process
- Stay up-to-date with industry regulations and changes in mortgage products and programs
- Provide exceptional customer service throughout the loan process, addressing any questions or concerns that arise
Job Type: Full-time
Pay: $50,000.00 - $250,000.00 per year
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Work Location: In person