Mortgage Loan Officer Job
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Money Making Marketing For Loan Officers! |
What makes us different? We actually believe our clients care about your success and invest both time and money in training and educating their loan officer recruits on how to move with the mortgage market and how to actually place and close loan prospects for maximum conversion, maximum profit, and minimized fall out. With the training and support our clients provide, if you can't have a successful mortgage career with our clients, frankly, you shouldn't be originating mortgages.
Net Loan Officer Job Benefits
- Full Time and Limited Part Time Opportunities
- Access to over 150 Lenders Who Are Underwriting For Traditional Fannie/Freddie, FHA, VA, Hard Money, and Commercial
- In House Loan Officers Receive Leads (Limited)
- Marketing and Advertising Training - Includes How, Where, and Why to focus on Select Demographics.
- Ongoing Product Training - Stay up to date on programs, what works for you, and what doesn't.
- Loan Placement Assistance and Training - Learn how to grade credit, properly package and place loan files to CLOSE the deals you have.
- In house processing - processors are trained in file stacking and understand just how important speed of close is for you and your borrowers. Optional contract processing is OK, but not recommended.
- Choice of 1099 or W2 where state and federal regulation allows.
Typical Loan Officer Job Description
Use your interpersonal and communication skills to generate referral business, leads, and relationships with individuals, existing clients, past clients, and Real Estate Professionals. Participate in training for marketing, sales, and scenario techniques to effectively sell, package, and close consumer mortgages. Take thorough and complete loan applications; analyze and prequalify applicant information to determine viability of the client's desired loan program. Pull credit, analyze credit, and compare for accuracy with the mortgage borrower's statements. Correct inaccuracies and determine the correct loan options for the borrower based upon the applicant's present situation, future plans, and preferred loan product. Provide guidance and information relevant to the risks and benefits of each program the applicant is qualified for; effectively explain and communicate the terms of each product and ensure all documents necessary are signed by the borrower. Gather all initial documentation required based upon the applicant's selected loan program and the 1003 including all disclosure requirements. Provide the loan package to the loan processor for review, stacking, and pre-submission audit. Work with the loan processor to provide any letters of explanation, or additional documentation as necessary and required by underwriting to clear all conditions and close each loan. Maintain a working file for the office as required for compliance. A net loan officer will likely either work from home or in the field.
Typical Loan Officer Requirements
- State Mortgage Broker License Strongly Preferred or 1 Year of Mortgage Origination Experience. Applicants with Less than 1 year experience considered on a case by case basis. Current net loan officers given strong consideration regardless of experience.
- Understanding of Mortgage Products is Required
- Experience with FHA, VA, Construction Perm and 2nd Mortgage Products is a Plus.
- Qualified Applicants have the ability to take accurate and thorough loan applications.
- Qualified Applicants have a working knowledge of credit reports, DTI, LTV, and CLTV ratios.
- Qualified Candidates have excellent communication and interpersonal skills. Attention to detail and outstanding customer service is critical to success.
- Qualified Applicant will not have a criminal record.
- The ability to create, implement and adapt a market penetration strategy for lead development, prospect to client conversion, and client to close conversion.
- Applicants must be able to learn and adapt to market changes quickly.
- Experience with Microsoft Office, including Word, Excel, PowerPoint and other similar software preferred.
- Proficiency with Calyx Point a plus; computer experience a must.
- Multi-Lingual capabilities to include Spanish are a plus.
If You're Ready To Make Serious Money; If You Believe You Can Be Trained To Become a Top Producer; If You Think You Have What It Takes To Succeed; It's Time To Get A Net Loan Officer Job!
