Job Description

Description

The Junior Loan Officer is responsible for assisting the Loan Officer with originating, processing, and closing residential mortgage loans. This position can be a springboard into a Loan Officer position in the future. 

ESSENTIAL DUTIES and RESPONSIBILITIES, includes the following responsibilities, but not limited to:

• Assists the Loan Officer / Senior Loan Officer in the collection and analysis of the Consumer’s financial information.
• Assists the Loan Officer / Senior Loan Officer in assessing the customer’s financial circumstances to determine whether the Consumer and the property qualify for a particular loan.
• Reviews the loan application package taken by Senior Loan Officer for completeness and accuracy.
• Under supervision of the Loan Officer / Senior Loan Officer, identifies any missing items from the loan application package which the processor may require when processing the loan application.
• Under supervision of the Loan Officer / Senior Loan Officer, maintains regular contact with the Consumer, referral partners and CMG Mortgage between application and closing to apprise them of the status of the application and gather any additional information as needed; and
• Under supervision of the Loan Officer / Senior Loan Officer, prepares any information requests, such as credit inquiries or address discrepancies, for review and signature by the Consumer.
• Employee will additionally utilize his/her knowledge, training and experience to solicit, originate and facilitate the processing and closing of loan products and financing of residential real estate transactions on behalf of the Company’s customers.
   

QUALIFICATIONS AND EXPERIENCE:

• Need to be able to multitask, assign priorities, and work under time constraints.
• Heavy computer use.
• Standard office environment, equipment and tasks, including work at a computer terminal.
• This position requires partial sitting and walking throughout the day.
• Employee must be open to work overtime to complete assigned tasks.

SUPERVISORY RESPONSIBILITIES:

Direct Reports: N/A

PHYSICAL and ENVIRONMENTAL CONDITIONS

This role operates in an ADA compliant office environment, utilizing typical office equipment and tasks including computer work. The position may involve partial stationary positions and moving throughout the day. Flexibility to work overtime to meet project deadlines is required.

Base Compensation Information – For residents of the states of CA & CO, and for NY + other areas requiring disclosure: A large portion of a Junior Loan Officer’s compensation is commission based. CMG pays base wages that are equivalent to minimum wage. Base wages for a non-exempt Loan Officer are a draw against commissions earned.

CMG Financial is an equal opportunity employer and does not unlawfully discriminate in employment decisions. CMG will consider all qualified applicants without regard to race, religion, national origin, sex, age, veteran status, disability, familial status, marital status, actual or perceived sexual orientation, or actual or perceived gender identity. Applicants requiring reasonable accommodation to the application and/or interview process should notify a representative of CMG Financial or reach out to recruiting@cmgfi.com.

CMG MORTGAGE, INC. NMLS #1820 If you are a recruiter or placement agency, please do not submit resumes to any person or email address at CMG Financial prior to having a signed agreement . CMG Financial is not liable for and will not pay placement fees for candidates submitted by any agency other than its approved recruitment partners. Furthermore, any resumes sent to us without an agreement in place will be considered your company’s gift to CMG Financial and may be forwarded to our recruiters for their attention.

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