Loan Originator

Essential job functions

• Responsible for originating own sales by contacting prospective clients and by developing and maintaining referral sources.
• Spend over 50% of time away from employer’s place of business in performing principal duty of selling loan products offered by the company.
• Interviews, takes applications, and processes preliminary documentation on loan requests. Discusses loan alternatives, credit criteria, interest rates, and loan documentation with customers.
• Assesses customer’s applications and evaluates products, pricing, and other variables in order to determine which mortgage products might best serve customer’s needs.
• Submits, within company designated time frames, all files to operations staff for processing, underwriting, closing, and funding.
• Performs follow-up work to achieve conditional loan approval within established time frames.
• Locks in rates and programs for customers when reasonably requested and in a timely manner.
• Completes lending operations in accordance with established company policies and legal requirements.
• Assumes responsibility for establishing and maintaining effective and professional business relations with customers, Realtors, building professionals, and referral partners.
• Maintains current and thorough knowledge of all lending programs, policies, procedures and regulatory requirements.

FLSA Status:
Commission Only

• High School or GED required.
• NMLS MLO License.

• Ability to prioritize and multi-task, while working in a fast paced environment.
• Exceptionally detailed, focused and motivated professional.
• Excellent communication skills.
• Pleasant with customers, business partners and colleagues.
• Knowledge of automated underwriting systems (DU/LP), HUD and RESPA Regulations.
• Comprehensive understanding of legal, compliance and Investor requirements.