Job Description

To increase production and pull-through for the loan officer by taking on more advanced responsibilities. The loan partner will be the main point of contact for the client and guide the borrower through the loan process from application to closing.

Requirements

Responsibilities:

• All responsibilities of the LPA.

  • Reviews and organizes borrower documents for submission to underwriting.

  • Orders verifications (e.g., employment, deposits, IRS transcripts) and other third-party reports (e.g., appraisals, title work).

  • Tracks file status and communicates with borrowers, processors, and third parties to resolve missing or incomplete items.

  • Ensures compliance by verifying document accuracy and adherence to regulatory guidelines.

  • Assists processors with post-underwriting conditions to ensure loans are cleared for closing.

• Acts as a liaison between borrowers, Loan Officers, and Processors.

• Does a QC review of the locked and disclosed loan.

• At the time of lock, the Loan Partner takes over responsibility for the file. The Loan Partner works directly with the Loan Officer and borrower to gather and submit detailed and accurate loan packages for processing or upfront TBD approvals.

• Responsible for the completion of loan applications and the collection of necessary documentation.

• In the event supporting documentation does not support the lock structure pitched by the loan officer, the Loan Partner will work to identify alternate solutions and present those options to the loan officer. Present solutions to the problems, not just the problems.

• Prequalifies borrowers runs initial scenarios through Automated Underwriting Systems (AUS), and reviews credit reports.

• Actively manages the loan pipeline and ensures files move smoothly to processing and thorough closing. This includes assisting processors in conditions to clear the loan.

• Review complex financial documents to verify accuracy and compliance.

• Builds relationships with referral partners and borrowers to maintain a seamless experience. This includes a mandatory weekly checkin with all clients by phone.

• If licensed, assist in loan restructuring. The Loan Partner will present alternative options directly to the borrower (Level I Restructure) or provide alternate solutions to the Loan Officer to present to the borrower on more complex restructures (Level II Restructure).

Ratio:

• One loan Partner supports one to two Loan Officers For high-producing Loan Officers, Loan Partners will work directly with the LO on a 1:1 basis

Metrics

• Specific Metrics will be set based on the Loan Officer the Loan Partner is paired with, however, the model for the metrics is as follows:

  • A minimum 20% increase in the Loan Officers originated volume. YoY and QoQ are considered, and growth will be measured in the number of units originated.

  • A minimum 10% increase in pull-through PERCENTAGE based on YoY, QoQ, and any 30-day window with a 90-day lookback. If any 30-day window does not yield an increase in pull-through, the Loan Partner will be eligible for a PIP, reassignment, or termination.

Experience:

• 2+ years of experience as a Loan Officer Assistant (LOA), Loan Partner, Processor, Loan Officer, and/or Underwriter required; 5+ years preferred.

• Minimum 1-year experience of NONQM, DSCR, BSL, Asset Utilization products

• In-depth knowledge of mortgage loan products (FHA/VA/CONV/USDA, NON-QM) and mortgage processes, procedures, and documentation.

• Current NMLS license or willingness to obtain one within 90 days.

• Understanding of automated underwriting systems such as DU and LP.

• Understanding of underwriting approvals and conditions

• Ability to analyze credit reports, income, debt-to-income ratios, loan-to-value ratios, and asset documentation and structure loans accordingly.

Pay:

• Base salary: $50,000 annually.

• Bonuses: With performance-based incentives for closed loans.

• Total compensation: $50,000–$100,000 depending on performance.

Griffin Funding, provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, Griffin Funding, complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities.

NMLS #1120111

VA Approved Lender ID: 9088650000
FHA Non-Supervised Lender No.: 01472-0000-3