Careers
Young Lending has the following openings:
Loan Officer
Location: Remote
Job Type: Full Time
Job Overview:
As a Loan Officer, you will play a key role in helping clients navigate the borrowing process. You will assess loan applications, provide financial advice, and facilitate the approval and funding of loans. Your goal is to ensure a smooth experience for clients while adhering to company policies and regulatory requirements.
Key Responsibilities:
- Client Consultation: Meet with clients to understand their financial needs, goals, and loan requirements. Provide expert advice on loan products and options.
- Application Processing: Review and evaluate loan applications, including financial statements, credit reports, and other relevant documentation.
- Risk Assessment: Analyze creditworthiness and financial status to determine loan eligibility. Identify potential risks and provide solutions or recommendations.
- Loan Approval: Make loan decisions based on established criteria, and communicate decisions to clients in a clear and timely manner.
- Documentation: Ensure all necessary documentation is collected and accurately completed. Verify the accuracy of information provided and resolve any discrepancies.
- Customer Service: Provide exceptional customer service throughout the loan process. Address client inquiries and concerns promptly and professionally.
- Compliance: Adhere to all regulatory and company guidelines to ensure compliance with lending laws and standards.
- Relationship Building: Develop and maintain relationships with clients, real estate agents, and other stakeholders. Foster trust and build a network of potential clients and referral sources.
- Market Knowledge: Stay informed about industry trends, market conditions, and new loan products. Continuously enhance your knowledge to better serve clients.
- Sales and Marketing: Actively promote loan products and services to potential clients. Participate in marketing and networking activities to generate new business opportunities.
Qualifications:
- Education: Bachelor’s degree in Finance, Business Administration, or a related field. Relevant certifications or licenses (e.g., NMLS) preferred.
- Experience: 5 years of experience as a Loan Officer or in a related financial role.
- Skills:
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Ability to work independently and manage multiple tasks
- Proficiency in loan processing software and Microsoft Office Suite
- Knowledge: Familiarity with lending regulations, underwriting procedures, and risk assessment practices.
How to Apply:
Interested candidates should submit their resume and a cover letter detailing their qualifications and experience to ourfriends@younglending.com.
Mortgage Analyst
Location: Remote
Job Type: Full Time
Job Overview:
As a Mortgage Analyst, you will play a key role in evaluating mortgage applications and ensuring that our lending practices are in line with regulatory requirements and company standards. You will analyze financial information, assess risk, and provide recommendations to support the approval process of mortgage loans. Your expertise will help in streamlining our mortgage operations, improving customer satisfaction, and supporting our team in making informed lending decisions.
Key Responsibilities:
-
Application Review: Examine mortgage loan applications, including credit histories, income documentation, and property evaluations, to assess borrower qualifications.
-
Financial Analysis: Conduct thorough financial analysis, including debt-to-income ratios, creditworthiness, and loan-to-value ratios to determine risk levels and ensure compliance with lending criteria.
-
Risk Assessment: Identify potential risks associated with mortgage applications and make recommendations for risk mitigation or denial when necessary.
-
Regulatory Compliance: Ensure that all mortgage lending practices adhere to federal and state regulations, including RESPA, TILA, and HMDA, and stay current with any changes in legislation.
-
Reporting: Prepare detailed reports and presentations on mortgage performance, market trends, and risk assessments for senior management and other stakeholders.
-
Customer Interaction: Communicate with borrowers, real estate agents, and other parties to gather necessary information, provide updates, and address any concerns or questions.
-
Process Improvement: Identify areas for process improvements within the mortgage application and approval workflow to enhance efficiency and accuracy.
-
Documentation: Maintain accurate and comprehensive documentation of all analyses, decisions, and communications related to mortgage applications.
Qualifications:
-
Education: Bachelor’s degree in Finance, Accounting, Business Administration, or a related field. A professional certification such as the Certified Mortgage Consultant (CMC) or Mortgage Loan Originator (MLO) is a plus.
-
Experience: 2-4 years of experience in mortgage analysis, underwriting, or a related financial field. Experience with mortgage software and tools is highly desirable.
-
Skills: Strong analytical and quantitative skills, with a keen attention to detail. Proficiency in financial modeling and analysis, as well as a solid understanding of mortgage products and industry regulations.
-
Communication: Excellent written and verbal communication skills, with the ability to explain complex financial concepts to non-experts.
-
Technical Proficiency: Familiarity with mortgage processing systems, Excel, and other financial software. Ability to adapt to new technologies and software updates.
-
Problem-Solving: Strong problem-solving skills with the ability to make sound decisions based on data and analysis.
How to Apply:
Interested candidates should submit their resume and a cover letter detailing their qualifications and experience to ourfriends@younglending.com.