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Mortgage Loan Specialist
2 months ago
About the Role:
As a Mortgage Advisor at Paragon Properties, you will play a crucial role in assisting clients secure mortgage loans to purchase or refinance properties. You will act as an intermediary between clients and lending institutions, ensuring that all parties involved adhere to legal and financial requirements throughout the mortgage process.
Key Responsibilities:
- Client Consultation: Discuss with prospective borrowers their financial situation, goals, and preferences regarding mortgage options.
- Mortgage Application Process: Guide clients through the mortgage application process, assisting them in completing necessary paperwork and gathering required documentation.
- Financial Assessment: Assess clients' financial profiles, including income, assets, debts, and credit history, to determine their eligibility for various mortgage products.
- Mortgage Product Selection: Advise clients on the most suitable mortgage products based on their financial circumstances and preferences.
- Negotiation and Compliance: Negotiate mortgage terms, including interest rates, loan duration, down payment requirements, and closing costs, on behalf of clients. Ensure compliance with all relevant regulatory agencies and lending institutions.
- Credit Education: Educate clients about the mortgage process, including potential risks and benefits, loan terms, repayment obligations, and strategies for improving creditworthiness.
- Relationship Building: Build positive relationships with clients, real estate agents, appraisers, and other professionals involved in the mortgage transaction to facilitate smooth and timely closings.
- Record Keeping: Maintain accurate and organized records of all mortgage applications, approvals, disclosures, and communications with clients and lending institutions.
- Industry Knowledge: Keep abreast of industry trends, market conditions, and regulatory changes affecting the mortgage lending landscape through ongoing training and professional development.
Requirements:
- Education: Bachelor's degree in Finance, Economics, Business Administration, or any related field of study.
- Experience: Previous experience in mortgage lending, banking, or financial services with a strong understanding of mortgage products.
- Skills: Excellent interpersonal, verbal, and written communication skills. Strong analytical skills to assess clients' financial profiles, evaluate loan options, and identify potential risks and opportunities. Strong attention to detail.
Work Environment:
This is a full-time position that requires working in an office environment. We offer a competitive salary and benefits package.