Mortgage Loan Originator
4 weeks ago
Job Details
Position Type: Full Time
Education Level: High School
Travel Percentage: Road Warrior
Job Category: Sales
Description
AnnieMac Home Mortgage is seeking a skilled External Mortgage Loan Originator to establish referral source relationships and generate a steady flow of loan volume from real estate brokers and other external sources.
The ideal candidate will have experience directly related to the Mortgage Industry and a thorough knowledge of pricing and underwriting requirements of various mortgage insurance companies.
Responsibilities include:
- Generating new business by building and maintaining relationships with realtors, real estate agents, title and escrow officers, financial advisers, CPAs, and other relevant professionals.
- Participating in mortgage sales, including attending closings and open houses, and conducting seminars and other lead-generating activities.
- Developing relationships with referral partners to generate new customers.
- Analyzing prospective borrowers' income and debt to determine the maximum mortgage they can afford.
- Counseling borrowers on the home buying and financing process, advising them on different types of loan products and demonstrating how closing costs and monthly payments would vary under each product.
- Collecting financial information and other related documents as part of the application process.
- Providing disclosures to borrowers, including truth in lending and good faith estimate.
- Maintaining regular contact with borrowers, realtors, and lenders to apprise them of the application status and gather additional information as needed.
Qualifications
- Must have an appropriate state license or certificate.
- Must have a thorough knowledge of pricing and underwriting requirements of various mortgage insurance companies.
- Must have a working knowledge of credit underwriting and property eligibility requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors.
- Must be familiar with local, state, and national laws, zoning ordinances, Truth-in-Lending, RESPA, energy audit requirements, etc.
- Must have excellent communication skills and the ability to analyze financial information.
- Must be a sales-oriented self-starter.
Work Environment/Physical Demands: Travel is required 80% of the time.
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