Job Description
Job Description
We are seeking a driven and detail-oriented Loan Partner 2 (LP2) to manage borrower prequalification, pre-approvals, and pipeline execution for a high-performing mortgage team. The LP2 plays a critical role in ensuring loans are structured properly, communicated clearly, and closed on time.
This role works closely with the Loan Officer, borrowers, processors, underwriters, and third-party partners to maintain 95%+ on-time closings while delivering a concierge-level borrower and referral partner experience.
Compensation:
$60,000 + Bonus
Responsibilities:
3+ Core Duties & Key Measurements
Prequalify
- Serve as an available resource for referral partners
- Engage in soft qualification conversations to help assess general borrower readiness and scenario viability
- Answer referral partner questions such as:
- Condo warrantability
- Bank statement borrower scenarios
- Recasting and general loan structure questions
- Communicate effectively with all referral partners (Realtors, financial advisors, builders, and other partners) using clear, accurate, and compliant language
Pre-Approve
- Accurately pre-approve qualified borrowers
- Prepare payment and scenario requests
- Proactively engage pre-approved buyers
- Communicate effectively with referral partners
Pipeline Management
- Onboard all new contracts for rate lock consultation
- Submit applications for processing for disclosures
- Execute borrower updates, pre-closing, and funding calls
- Ensure 95%+ of loans close on time
- Resolve 95%+ of loan issues prior to LO escalation
Essential Duties of This Position
Prequalify
- Act as an available resource for referral partners when the Loan Officer is unavailable
- Engage in soft qualification conversations to assess general borrower readiness and overall scenario viability
- Respond to referral partner questions related to: condo warrantability, bank statement borrower scenarios, and recasting and general loan structure questions
- Communicate clearly, accurately, and compliantly with all referral partners, including Realtors, financial advisors, builders, and other strategic partners
Pre-Approve
- Communicate approval terms clearly to borrowers
- Issue supplemental pre-approval documentation
- Notify Realtors immediately after issuing approvals
- Expedite rush pre-approval requests
- Flag red flags to the LO or Team Captain
- Dedicate weekly time to proactive pre-approval outreach
Pipeline
- Perform daily pipeline “gauge checks”
- Attend pipeline meetings and milestone reviews
- Deliver consistent borrower and Realtor updates
- Review Closing Disclosures for accuracy
- Conduct pre-closing and congratulatory funding calls
- Provide post-closing support and urgent after-hours assistance
Additional Role Expectations
- Maintain high professionalism in all written and verbal communication
- Act as a concierge between borrowers and business partners
- Consistently exceed borrower and referral partner expectations
Qualifications:
- An active NMLS license is required
- Minimum 5 years of mortgage loan officer assistant, processing, underwriting, or origination experience
- Proficient in DU/DO, LP, and investor guidelines
- Experience with major LOS platforms
- Strong verbal and written communication skills
- Excellent organization, prioritization, and time management
- Ability to collaborate across departments
- Completion of regulatory and compliance training
About Company
Stratton Mortgage is mortgage brokerage based in Columbus OH. We have been open for 10 years and have a strong reputation in the local community for high level communication, exceeding customer and business partner expectations, and providing valuable knowledge on the mortgage lending and real estate process.