Bay Equity

Loan Officer

Stockton, CA

Bay Equity is a full-service retail mortgage lender. Founded in the heart of San Francisco’s financial district in 2007, the company recently moved to new corporate headquarters in Sausalito. Bay Equity Home Loans is currently licensed in 31 states and is expanding across the nation. In addition to retail branches in 22 states, the company has corporate and operations centers in Concord and Sausalito, CA, Denver and Grand Junction in Colorado, Lake Oswego, OR and Everett, WA.

Bay Equity is family owned and operated. The company is a long time supporter of the Warrior Foundation-Freedom Station, donating a portion of the proceeds from each FHA and VA loan funded. Bay Equity has hired accomplished mortgage and financial professionals at all levels and has proudly assembled a highly experienced staff of corporate executives and operations professionals.

Bay Equity has a great culture, full agency approval (Fannie, Freddie, Ginnie), a robust marketing platform, exceptional IT and HR support and is looking for top mortgage professionals and branches to join the team. 

The Role

We are looking for a special Loan Officer to join our team.  This person will generate business by providing professional financial services including purchasing or refinancing residential real estate.  Our Loan Officer will work independently to create and develop relationships with borrowers, realtors, builders, developers, personal contacts, and other valuable referral sources.  You will be responsible for upholding the organizational commitment to its borrowers, maintaining a high standard in customer service and professional ethics and will report directly to the Branch Manager.

Tasks & Duties

  • Approve loans within specified limits, and refer loan applications outside those limits to management
  • Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
  • Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
  • Review loan agreements to ensure that they are complete and accurate according to policy.
  • Stay abreast of new types of loans and other financial services and products in order to better meet customers' needs.
  • Submit applications to credit analysts for verification and recommendation.

Required Skills & Experience

  • Experience in a loan origination
  • Satisfaction of state licensing requirements and other regulatory standards must be met
  • Completion of the Anti-Money Laundering, Fair Lending, and Equity Origination trainings are required
  • Ability to analyze financial data and comprehend market fluctuations
  • Working knowledge of lending guidelines and a thorough understanding of the process and procedures

Benefits

  • Benefits are shared by company for Health, Dental and Vision coverage
  • Professional and enthusiastic atmosphere
Bay Equity

Deanna davakian@bayeq.com

Area Sales Manager
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