Job Description

JOB SUMMARY

Our company is looking for an Assistant Mortgage Loan Originator with experience in relationship management to assist clients and provide excellent support throughout the investment home-buying process. Our ideal Assistant Mortgage Loan Originator keeps up with mortgage loan trends and developments and is well-connected to other financial institutions, lenders and advisors. In this role, your ultimate goal is to help clients realize and meet their financial goals by responsibly advising them throughout the mortgage loan process, from application to closing.

Mortgage Loan originators educate, advise, and guide potential borrowers through the loan application process. They have a passion for helping peoples and possess the ability to understand and navigate complex financial documents, working closely with real estate agents, investors, financial planners, and others from outside our workplace to attract new clients.

You will be a great fit if you can swiftly identify customer needs, meet loan production goals, and work to ensure customer satisfaction.

DUTIES AND RESPONSIBILITIES

• MAINTAIN REFERRAL RELATIONSHIPS AND APPROACH LEADS.

  • Attract potential borrower by cultivating relationships with real estate agents, financial planners, accountants, and others, who then refer their clients to them.

• ADVISE APPLICANTS ON LOAN OPTIONS.

  • Meet with mortgage loan borrowers on the phone and in person, advising and guiding them throughout the entire loan process.

  • Interview applicants to assess their loan requirements.

  • Being familiar with all of the different kinds of loans available and are able to advise applicants on which option is best suited for their needs.

• ANALYZE AND SUBMIT ALL APPLICANT’S REQUIRED DOCUMENTATION.

  • The entire loan application includes but is not limited to documentation from credit bureaus, financial institutions, employers and appraisals. The assistant mortgage loan originator is to gather, review, and analyze each document, ensuring that it is accurate and fulfills application requirements, company guidelines and standards. They then input the application into a system and submit if for approval.

• OVERSEE LOAN PROCESS THROUGH CLOSING.

  • Assistant mortgage loan originators monitor the loan application as it waits for approval from the lender. They provide progress reports to their clients, and if any discrepancies should arise between the lender and the potential borrower, they help to resolve them.

• PROVIDE ONGOING CUSTOMER SUPPORT.

  • The most important element of success is customer service. This is accomplished by providing education, advice, and progress reports, answering questions, and resolving problems.

  • Interact with realtors, appraisers, and sales agents as needed.

REQUIREMENTS, QUALIFICATIONS, AND SKILLS

• STATE LICENSURE (PREFERRED, BUT NOT REQUIRED).

• TRACK RECORD OF SUCCESSFULLY ORIGINATING VARIOUS KINDS OF MORTGAGE LOANS, INCLUDING, INVESTMENT NON-QM LOANS, QM LOANS, FHA LOANS, VA LOANS, REVERSE MORTGAGES (PREFERRED, BUT NOT REQUIRED).

• EXPERIENCE IN MORTGAGE BANKING, FINANCIAL ADVISING, OR AS AS MORTGAGE CONSULTANT (PREFERRED, BUT NOT REQUIRED).

• EXCELLENT INTERPERSONAL, COMMUNICATION, PRESENTATION, AND SALES SKILLS.

• KNOWLEDGE OF LOAN ORIGINATION AND SERVICING SOFTWARE (PREFERRED, BUT NOT REQUIRED).

• ABLE TO MAINTAIN COMPLIANCE WITH FINANCIAL AND LENDING PRACTICES.

• BANKING AND LENDING LEGAL KNOWLEDGE

  • A strong understanding of state and federal laws surrounding loans is crucial, both for educating clients on how the process works and for checking the accuracy of applications.

• ACCOUNTING EXPERIENCE

  • In order to advise applicants on which loans is best for them, assistant mortgage loan originators must be able to analyze their clients’ finances and understand how that influences their options.

• SALESMANSHIP

  • It is vital to have a solid understand of how sales pipelines work, and which techniques help convert leads into clients.

• SERVICE ORIENTATION

  • Securing a mortgage can massively impact a person’s life, so a mortgage loan originator must always have the best interest of their clients at heart when advising on their options.

• COMMUNICATION SKILLS

  • Whether communicating with potential borrowers or lenders, mortgage loan originators must be able to discuss complex and sometime sensitive subjects with clarity and tact.

TOOLS OF THE TRADE

• Data entry

• Organized

• Detailed oriented

• Office suite software (Microsoft Word, Excel, PowerPoint, and Outlook)

EDUCATION AND TRAINING

• Bachelor’s degree in business administration, finance, or a related field and/or two years of experience in loan origination and real estate.

SALARY / COMPENSATION

• $40,000 BASE SALARY

• BONUS PER CLOSING.