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Mortgage Loan Originator

Edge Home Finance - Long Gray Lending Team

Mortgage Loan Originator

National
Full Time
Paid
  • Responsibilities

    Are you tired of having your loans stuck in Processing and Underwriting? Are your rates not as competitive? Are you making 150 bps or less? Take the average home price of $400,000. The NET commission to the loan officer would be $9,005 (225 bps). Average one loan a month and that is $108k a year. Average three loans a month and that's $324k annual income! Our LO's make on average 225 bps per loan with no Branch Manager or VP micromanaging you. Interest Rates: We are a 100% true broker and our rates are directly from the lender. We have no warehouse lines, there is no correspondent lending and there’s no overhead. Because of that, the rates are directly off the shelf and they are EXTREMELY competitive. We are looking for an experienced, service, and detail-oriented mortgage loan officer to join our team. We believe in removing obstacles and creating a supportive environment for you to thrive. This is a 100% commission job with the ability to work from whatever location you want. We have LO's that work from home, work from an office suite, and that work from an RV traveling the US. You do you. Our average CTC is less than 19 days! We use LendingPad as our LOS. It is browser-based and extremely easy to use. You will be working with a team of military Veterans who are VA loan experts 🇺🇸 *** MUST HAVE ACTIVE NMLS LICENSE AND 12+ MONTHS OF LOAN ORIGINATION. IF YOU ARE NOT AN ACTIVE MORTGAGE LOAN ORIGINATOR YOUR APPLICATION WILL NOT BE CONSIDERED *** Responsibilities: Manage a large pipeline of loans to ensure your production meets our requirements Communicate a thorough understanding of different loan programs and closing costs to help prospective buyers make a decision Interact with customers, realtors, processors, and underwriters to ensure a smooth transaction Work closely with industry related professionals to gather and prepare all necessary information to complete underwriting requirements Qualifications: Familiarity with multiple types of loans such as conventional, fixed/ adjustable, FHA, VA, USDA, bridge, non-conforming, FNMA and FHLMC, and Home Equity Lines of Credit Must have an active NMLS Mortgage Originator License • 1 year of mortgage origination experience required. 2+ years experience preferred Compensation: $200,000+