Full-Time

Loan Specialist

St. Louis Area

Posted on 9/10/2024

Veterans United

Veterans United

1,001-5,000 employees

Specializes in VA home loans for veterans

Social Impact
Financial Services

Compensation Overview

$45k - $80kAnnually

+ Performance Incentives

Entry

St. Louis, MO, USA

Category
Commercial Banking
Finance & Banking
Requirements
  • Must be NMLS licensed or become licensed upon employment.
Responsibilities
  • Educate borrowers on the loan process and product/service alternatives.
  • Interview borrowers and obtain and/or verify information and documentation.
  • Evaluate borrower credit for pre-approval or denial of loan applications.
  • Make initial contact and respond promptly to customer inquiries to collect borrower financial and credit information.
  • Process borrower credit information through online approval system.
  • Inform borrowers on future loan documentation requests, including borrowers' income and asset information.
  • Actively contribute to making the team and culture stronger by assisting with other duties as needed.

Veterans United Home Loans focuses on helping veterans and military families achieve homeownership through specialized mortgage services. The company primarily offers VA home loans, which are mortgage loans guaranteed by the U.S. Department of Veterans Affairs. These loans provide benefits such as no down payment, competitive interest rates, and limited closing costs, making it easier for military personnel and veterans to buy homes. Veterans United stands out from its competitors by employing military advisors who assist clients in understanding and navigating the VA loan process, ensuring tailored support for their unique needs. The company's goal is to enhance the lives of veterans and military families by providing accessible home financing options while also giving back to the community through its foundation, which supports veteran organizations and local initiatives.

Company Stage

N/A

Total Funding

N/A

Headquarters

Columbia, South Carolina

Founded

2002

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-2%
Simplify Jobs

Simplify's Take

What believers are saying

  • VA loans' assumability is attractive in high-interest environments, boosting Veterans United's appeal.
  • Military homeownership rates exceeding non-military rates suggest expansion opportunities for VA loans.
  • Recognition as a top workplace enhances Veterans United's brand and attracts top talent.

What critics are saying

  • Economic uncertainties and inflation may limit veterans' purchasing power despite lower mortgage rates.
  • Affordability challenges persist, requiring creative financing and seller concessions for buyers.
  • Rising interest rates could deter potential homebuyers, impacting loan origination volumes.

What makes Veterans United unique

  • Veterans United specializes in VA loans, offering unique benefits for military families.
  • The company employs military advisors to guide clients through VA loan complexities.
  • Veterans United emphasizes social responsibility, raising over $50 million for veteran causes.

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