Non Prime Retail Loan Officer - Park Ridge, IL

A global financial powerhouse, J.P. Morgan Chase & Co. is an industry leader. With 100,000 employees in over 50 countries, we draw on a full range of capabilities to provide integrated financial solutions for institutions and individuals worldwide. What does this mean for you, the job seeker? Opportunity! Our broad range of financial services activities, from investment banking to retail banking to e-finance, offer an exceptional range of career options for individuals. If you are interested in working in an environment where leadership, excellence, initiative and diversity are among our core values, then explore the opportunities at JPMorgan Chase.

The subprime Retail Account Executives primary responsibility is to cultivate and retrieve prime channel leads that are not able to be funded as prime loans. It is the responsibility of the Subprime AE to convert these leads into subprime loans. AE's are also required to cultivate other sources of business from Credit Unions, small banks, collection agencies, etc. Sources include, but are not limited to, Realtors, builders and other networking avenues. In this role incumbent will take complete applications for mortgage loans, which includes inquiries into the customer's income, assets, credit history, prior bankruptcies, judgments, liens and characteristics of the property. AE's will also be responsible for following up on documentation required for processing in accordance with corporate policies and procedures. The AE advises the customer regarding the advantages and disadvantages of different products and based on the customer's employment, the AE advises the customer what documentation is needed to support their income. In addition, incumbent will fulfill pre-doc and funding loan conditions in conjunction with the assigned Account Manager, develop business network resources for loan referrals, keep all parties informed as to status of application, set the Customers' /referral sources' expectations and educate them on the entire mortgage origination process. Will follow through and follow up to ensure the loan moves efficiently through processing, underwriting and finally, funding. Incumbent will provide a high level of customer service not only to the borrowers, but also to referrals sources. The Account Executive will be expected to meet minimum production standards based upon branch minimum production standards. AE will comply with all Chase corporate guidelines, Federal and State compliance policies and adhere to all HMDA requirements. REQUIREMENTS


Knowledge of mortgage banking and real estate market Minimum of one year of B/C sales experience Minimum of three years experience in a real estate or lending origination Strong sales and oral skills Good interpersonal skills PC knowledge a plus


JPMorgan Chase offers an exceptional benefits program and a highly competitive compensation package.

JPMorgan Chase is an Equal Opportunity and Affirmative Action Employer, M/F/D/V