Description
Evaluate, originate, and coordinate mortgage and consumer loans, guiding applicants from prequalification through closing. Duties include analyzing credit and collateral, explaining loan options, collecting documentation, ensuring regulatory compliance, and arranging financing.
- • Originate and process mortgage and consumer loan applications.
- • Collect and verify borrower documentation, including income, assets, employment, and identity.
- • Analyze credit reports, debt-to-income ratios, and collateral to assess eligibility and risk.
- • Explain loan products, rates, terms, and costs to applicants and answer questions.
- • Obtain signed applications, disclosures, and required authorizations in accordance with regulations.
- • Prepare loan estimates, amortization schedules, and closing disclosures using loan origination software.
- • Monitor loan conditions, verifications, appraisal, and title milestones to meet closing timelines.
- • Act as liaison among borrowers, loan officers, underwriters, appraisers, title companies, and closing agents.
- • Order and review appraisals, title work, flood certifications, insurance, and verification reports.
- • Ensure loans comply with federal, state, investor, and fair lending requirements.
- • Coordinate title searches, escrow, and closing arrangements.
- • Arrange financing for purchases and refinances, including locking rates and coordinating funding.
- • Maintain current knowledge of mortgage programs, government-backed loans, and market rates.
- • Manage a loan pipeline, maintain accurate records, and update stakeholders on loan status.
- • Review work completed by processors and third-party providers for completeness and accuracy.
- • Provide prequalification and preapproval letters to borrowers and real estate partners.
- • Train or mentor junior lending staff and support team members.
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Financial Services
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Tasks & skills:
O*NET occupational data (work activities, skills, knowledge).
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Last reviewed: Jan 2026
