Loan Acquisition Specialist II

📌 Core Information

🔹 Job Title: Loan Acquisition Specialist II

🔹 Company: Idaho Housing and Finance Association

🔹 Location: Boise, ID, United States

🔹 Job Type: On-site, Full-time

🔹 Category: Financial Services

🔹 Date Posted: May 28, 2025

🔹 Experience Level: Intermediate (2-5 years)

🔹 Remote Status: On-site

🚀 Job Overview

Key aspects of this role include:

• Reviewing and purchasing closed lender loans files
• Maintaining a high volume of loan file purchases per month
• Identifying potential issues and communicating with lenders
• Assisting lenders with problem-solving and adhering to guidelines
• Collaborating with teammates to ensure a smooth and accurate process

ASSUMPTION: This role requires a high level of attention to detail and efficient time management, as well as strong communication skills to effectively work with lenders and teammates.

📋 Key Responsibilities

✅ Review closed lender loans files for purchase

✅ Maintain a minimum of 120 lender loan files purchases per month

✅ Identify potential issues and communicate with the lender

✅ Assist lenders with problem-solving

✅ Adhere to agency, IHFA, and Partner State guidelines

✅ Coordinate with teammates to facilitate a smooth and accurate process

ASSUMPTION: The primary responsibility of this role is to ensure the accurate and efficient processing of loan files, which requires a strong attention to detail and the ability to work independently.

🎯 Required Qualifications

Education: No specific degree required, but a four-year degree from an accredited university or college is desired

Experience: Must have a minimum of 3 years' experience in mortgage lending

Required Skills:

• Attention to detail
• Efficient time management
• 10-key and typing skills
• Strong communication skills

Preferred Skills:

• Experience in title or escrow
• Proven ability to foster and maintain effective working relationships

ASSUMPTION: While a four-year degree is preferred, the most important qualifications for this role are the required experience in mortgage lending and the ability to work efficiently with a high degree of attention to detail.

💰 Compensation & Benefits

Salary Range: $50,000 - $65,000 per year (Based on industry standards for an Intermediate level role in Boise, ID)

Benefits:

• Health, dental, and vision insurance
• Retirement plans
• Paid time off
• Employee assistance program
• Tuition reimbursement

Working Hours: Full-time, typically Monday-Friday, 8:00 AM - 5:00 PM

ASSUMPTION: The salary range provided is an estimate based on industry standards for similar roles in the Boise, ID area. Actual compensation may vary based on experience and performance.

📌 Applicant Insights

🔍 Company Context

Industry: Idaho Housing and Finance Association operates in the Financial Services industry, focusing on providing funding for affordable housing opportunities in communities where they are most needed.

Company Size: Idaho Housing and Finance Association has 201-500 employees, providing a mid-sized company environment with opportunities for collaboration and growth.

Founded: Idaho Housing and Finance Association was founded in 1972 and has since grown to become a leading provider of affordable housing solutions in Idaho.

Company Description:

• Idaho Housing and Finance Association is a nonprofit organization dedicated to creating, financing, and preserving affordable housing opportunities in Idaho.
• The organization offers a range of programs and services, including homeownership, rental housing, project and business financing, and homelessness assistance.
• Idaho Housing and Finance Association is committed to fostering a vibrant and entrepreneurial work environment that encourages employee growth and promotes work-life balance.

Company Specialties:

• Homeownership
• Rental Housing
• Project & Business Financing
• Homelessness Assistance
• Nonprofit

Company Website: http://www.idahohousing.com

ASSUMPTION: Idaho Housing and Finance Association's mission and values align with its commitment to providing affordable housing opportunities and fostering a positive work environment for its employees.

📊 Role Analysis

Career Level: Intermediate (2-5 years of experience)

Reporting Structure: This role reports directly to the Loan Acquisition Manager and works closely with other members of the Loan Acquisition team, as well as lenders and other stakeholders.

Work Arrangement: This is an on-site, full-time position based in Boise, ID. The work arrangement may include some flexibility for remote work, depending on the organization's policies and the employee's needs.

Growth Opportunities:

• As an intermediate-level role, this position offers opportunities for career advancement within the Loan Acquisition team or other departments within Idaho Housing and Finance Association.
• The organization encourages employee growth and development, providing opportunities for training and professional development.

ASSUMPTION: The growth opportunities for this role depend on the employee's performance, the organization's needs, and the availability of suitable positions within the company.

🌍 Location & Work Environment

Office Type: Idaho Housing and Finance Association's headquarters is located in Boise, ID, with a modern and professional office environment.

Office Location(s): 565 W. Myrtle St, Boise, ID 83702, United States

Geographic Context:

• Boise, ID is the state capital and the most populous city in Idaho, offering a mix of urban and outdoor living.
• The city is known for its vibrant arts and culture scene, as well as its numerous recreational opportunities, including hiking, biking, and skiing.
• Boise has a semi-arid climate, with hot, dry summers and cold, snowy winters.

Work Schedule: Full-time, typically Monday-Friday, 8:00 AM - 5:00 PM, with some flexibility for remote work depending on the organization's policies and the employee's needs.

ASSUMPTION: The work environment at Idaho Housing and Finance Association is professional and collaborative, with a strong emphasis on employee growth and development.

💼 Interview & Application Insights

Typical Process:

• Online application and resume submission
• Phone or video screening
• In-person or virtual interview with the Loan Acquisition Manager
• Background check and reference check
• Job offer

Key Assessment Areas:

• Attention to detail and accuracy in loan file processing
• Communication skills and ability to work with lenders
• Problem-solving skills and ability to work independently
• Cultural fit with Idaho Housing and Finance Association's mission and values

Application Tips:

• Tailor your resume to highlight your relevant experience in mortgage lending and any experience in title or escrow.
• In your cover letter, explain why you are interested in this role and how your skills and experience make you a strong fit for the position.
• Prepare for the interview by researching Idaho Housing and Finance Association's mission and values, and be ready to discuss your problem-solving skills and attention to detail.

ATS Keywords: Mortgage Lending, Loan Acquisition, Attention to Detail, Time Management, Problem Solving, Communication, Title, Escrow

ASSUMPTION: The application process for this role may vary depending on the organization's needs and the number of applicants. It is essential to follow the application instructions carefully and be prepared for a thorough interview process.

🛠️ Tools & Technologies

• Loan origination software (e.g., Encompass, LoanPro, etc.)
• Microsoft Office Suite (Word, Excel, etc.)
• 10-key calculator

ASSUMPTION: The specific tools and technologies used in this role may vary depending on the organization's needs and the employee's responsibilities.

👔 Cultural Fit Considerations

Company Values:

• Integrity
• Excellence
• Collaboration
• Accountability
• Respect

Work Style:

• Detail-oriented
• Efficient
• Collaborative
• Adaptable
• Problem-solving focused

Self-Assessment Questions:

• Do you have a strong attention to detail and the ability to work efficiently with a high volume of loan files?
• Are you comfortable communicating with lenders and other stakeholders to resolve issues and maintain strong working relationships?
• Do you thrive in a collaborative work environment and enjoy working with a team to achieve common goals?

ASSUMPTION: Idaho Housing and Finance Association values employees who are detail-oriented, efficient, and collaborative, with a strong commitment to the organization's mission and values.

⚠️ Potential Challenges

• The high volume of loan files processed in this role may require strong time management skills and the ability to work efficiently under pressure.
• The need to maintain strong working relationships with lenders and other stakeholders may require excellent communication skills and the ability to navigate complex situations.
• The organization's commitment to adhering to agency, IHFA, and Partner State guidelines may require a strong understanding of relevant regulations and a willingness to stay up-to-date with changes.
• The on-site nature of this role may require a commute to the organization's headquarters in Boise, ID, which may have traffic congestion and other challenges.

ASSUMPTION: The potential challenges of this role can be mitigated by strong time management skills, excellent communication skills, a commitment to staying up-to-date with relevant regulations, and a willingness to adapt to the organization's needs.

📈 Similar Roles Comparison

• This role is similar to a Loan Processor or Loan Coordinator position, but with a greater emphasis on loan file review and purchase, as well as problem-solving and communication with lenders.
• In the Financial Services industry, this role may be compared to other mortgage lending or loan processing positions, with variations in the specific responsibilities and required skills.
• Career paths for this role may include advancement to a Loan Acquisition Manager or other leadership positions within the Loan Acquisition team or other departments within Idaho Housing and Finance Association.

ASSUMPTION: The comparison of this role to similar positions in the Financial Services industry and other industries may vary depending on the specific responsibilities and required skills of each role.

📝 Sample Projects

• Reviewing and purchasing a high volume of loan files within a specified timeframe
• Identifying and resolving issues in loan files to ensure accurate and efficient processing
• Collaborating with teammates to facilitate a smooth and accurate loan file processing workflow
• Assisting lenders with problem-solving and maintaining strong working relationships

ASSUMPTION: The sample projects for this role are based on the key responsibilities and required skills, providing a snapshot of the day-to-day tasks and challenges faced by the Loan Acquisition Specialist II.

❓ Key Questions to Ask During Interview

• Can you describe the typical workflow for loan file processing in this role?
• How does this role collaborate with other members of the Loan Acquisition team and other departments within Idaho Housing and Finance Association?
• What are the most challenging aspects of this role, and how can they be effectively managed?
• How does Idaho Housing and Finance Association support the professional growth and development of its employees?
• What are the opportunities for career advancement within the Loan Acquisition team or other departments within the organization?

ASSUMPTION: The key questions to ask during the interview for this role should focus on the day-to-day responsibilities, collaboration, challenges, and growth opportunities, as well as the organization's commitment to employee development and advancement.

📌 Next Steps for Applicants

To apply for this position:

• Submit your application through this link
• Tailor your resume to highlight your relevant experience in mortgage lending and any experience in title or escrow.
• In your cover letter, explain why you are interested in this role and how your skills and experience make you a strong fit for the position.
• Prepare for the interview by researching Idaho Housing and Finance Association's mission and values, and be ready to discuss your problem-solving skills and attention to detail.
• Follow up with the hiring manager within one week of submitting your application to confirm receipt and inquire about the next steps in the interview process.

⚠️ This job description contains AI-assisted information. Details should be verified directly with the employer before making decisions.