Mortgage Loan Officer Job
We're looking for experienced mortgage loan officers,
mortgage brokers and loan originators for an exciting
career as a mortgage net loan officer with a fast
growing mortgage company. We offer very generous
split commissions for in house Loan originators who prefer a steady supply of company provided
leads. For the truly independent outside mortgage
net loan officer, you keep 100% and pay a flat
per file transaction fee. Simple as that.
What makes us different? We actually care about
your success and invest both time and money in
training and educating our loan officers on how
to move with the mortgage market; how to actually
place and close loan prospects for maximum conversion,
maximum profit and minimized fall out. With the
training and support we provide, if you can't
have a successful mortgage career with our company,
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, Sub-Prime,
Alt-A, Bankruptcy Buy Out, Hard Money and Commercial
- In House Loan Officers Receive Leads - Limited
Position Opportunities
- Marketing and Advertising Training - Includes
How, Where and Why to focus on Select Demographics.
- Ongoing Product Training - Stay up to date
on programs, who works for you and who 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 - Our 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.
Loan Officer Job Description
Use your interpersonal and communication skills
to generate referral business, leads and relationships
with individuals, existing client, 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 clients desired loan
program. Pull credit, analyze credit and compare
for accuracy with the mortgage borrowers statements.
Correct inaccuracies and determine the correct
loan options for the borrower based upon the applicants
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
insure all documents necessary are signed by the
borrower. Gather all initial documentation required
based upon the applicants 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.
The net loan officer will either work from home,
in the field or in one of the very limited in
house positions.
Loan Officer Requirements
- State Mortgage Broker License Strongly Preferred
or 1 Year of Mortgage Origination Experience.
Applicants with Less than 1 year experience
will be considered on a case by case basis.
Current net loan officers will be 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 must have the ability
to take accurate and thorough loan applications.
- Qualified Applicants will have a working knowledge
of credit reports, DTI, LTV and CLTV ratios.
- Qualified Candidates will have excellent communication
and interpersonal skills. Attention to detail,
outstanding customer service is critical to
your 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
is 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;
You Want To Join Our Growing
Team!
|