Paramount Residential Mortgage Group

Loan Officer

Union, NJ

When we opened for business in 2001, Paramount Residential Mortgage Group had only 3 employees in a small office in Southern California. As a privately held mortgage banker and residential home lender, PRMG has successfully helped thousands of homeowners purchase and refinance their homes across the United States.  Our goal is to provide customers with innovative products, cutting edge technology and industry-leading customer service.

Built by Originators for Originators, Paramount Residential Mortgage Group (PRMG) continues to be a leading lender in the mortgage industry.  We have branches and operation centers strategically located across the nation with over 1300 employees and enjoy being among the top 25 largest independently held mortgage banking companies in the nation and ranked no. 1 of the top 50 best companies to work for in America!

Leadership

At Paramount Residential Mortgage Group, not only will you work for the a #1 Voted 50 Best Mortgage Companies in America, but you will be exposed an unrivaled industry knowledge with the leadership team in place. With over 15 years experience as a Loan Officer, Erick Silva is committed to the development of his team and securing their success at Paramount Residential Mortgage Group. Through innovation and integrity, Erick Silva has continued to drive business year over year and is an industry leader with knowledge to share.

Loan Officer | Union, NJ | $100k+

The Loan Officer is a person that will generate business by providing professional financial services including purchasing or refinancing residential real estate. Our MLO 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.

  • 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.

Benefits

  • Competitive pay structure based on production and volume
  • Unrivaled marketing support, to produce tools needed
  • Suite of technology designed to increase production
  • Health insurance offering
  • An industry leading commission package
  • Dental and Vision coverage
  • Weekly company sponsored team events
  • Casual and enthusiastic atmosphere
  • Opportunity for vertical growth within organization

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
Paramount Residential Mortgage Group

Erick Silva

Sales Manager
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