About the Role

We are seeking a dedicated Remote Loan Officer Assistant to join our team at Heritage Bank. In this role, you will support our loan officers in processing mortgage applications and ensuring a smooth loan origination process. As a Remote Loan Officer Assistant, you will play a crucial role in facilitating communication between clients and loan officers, making sure all documentation is collected and processed efficiently.

What You'll Do

  • Assist loan officers in managing loan applications and documentation.
  • Communicate with clients to gather necessary information and documentation.
  • Ensure compliance with TRID regulations and internal policies.
  • Maintain organized records of loan files and documentation.
  • Support the loan origination process by coordinating with various stakeholders.
  • Provide excellent customer service and address client inquiries promptly.
  • Participate in team meetings and contribute to workflow improvements.
  • Utilize Encompass and other tools for effective loan processing.

Requirements

  • 1-2 years of experience in loan processing or mortgage lending.
  • Strong communication skills and customer service orientation.
  • Familiarity with Encompass and TRID regulations is a plus.
  • Ability to manage multiple tasks and prioritize effectively.
  • Detail-oriented with strong organizational skills.
  • Proficient in data management and documentation control.
  • Experience in a remote work environment is preferred.

Nice to Have

  • Knowledge of credit analysis and risk management.
  • Experience in project management or team leadership.
  • Familiarity with SQL and data engineering concepts.

What We Offer

  • Competitive salary ranging from $50,000 to $70,000 per year.
  • Comprehensive benefits package including medical, dental, and vision insurance.
  • 401(k) and ESOP retirement plans.
  • Paid time off and holidays.
  • Paid volunteer days to support your community.
  • Flexible remote work environment.
  • Opportunities for professional development and growth.
Why This Job8.5 of 10

This Remote Loan Officer Assistant position offers a competitive salary and a comprehensive benefits package, making it an attractive opportunity for candidates looking to work in the FinTech industry.

Salary Range
Required
0/1
Optional
0/1
Bonus
0/1

Who Will Succeed Here

Proficiency in Encompass for managing loan origination processes, ensuring timely document collection and processing.

Strong organizational skills to handle documentation management and maintain compliance with TRID regulations, ensuring accuracy and efficiency in a remote work environment.

Detail-oriented mindset with a foundational understanding of credit analysis, enabling effective communication with clients regarding their loan applications.

Learning Resources

Encompass User Guideguide

Career Path

Remote Loan Officer Assistant(Now)Loan Officer(1-2 years)Senior Loan Officer or Mortgage Manager(3-5 years)

Market Overview

Market Size 2024
$1.5B
Annual Growth
12.3%
AI Adoption in Loan Processing
45%
Investment in FinTech Solutions
+30%
Labour Demand for Loan Assistants
+25%
Avg Salary for Junior Loan Officer Assistant
$50K

Skills & Requirements

Required
EncompassTRIDCommunication Skills
Growing in Demand
Data AnalyticsCustomer Relationship Management (CRM)Regulatory Compliance
Declining
Paper-Based DocumentationManual Loan Processing

Domain Trends

Increased Automation in Loan Processing
Automation tools like Encompass are being adopted by 60% of lenders, reducing processing times by up to 40%.
Shift Towards Remote Work
Remote positions in the loan processing sector have increased by 35%, driven by the demand for flexibility and cost savings.
Enhanced Data Security Measures
With 70% of financial institutions prioritizing data security, there's a growing emphasis on compliance with regulations such as GDPR and CCPA.

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