Job Description

Job Description

** FULL COMMISSION - NO DRAW - With WARM/COLD LEADS PROVIDED**

AGGRESSIVE COMPENSATION FOR INDEPENDENT CONTRACTORS WITH ACTIVE FILES OR EXPERIENCE

_ APPLICANTS CAN WORK:_

1. REMOTE
2. Los Angeles or Santa Ana OFFICE LOCATION
3. HYBRID

UP TO 5 PTS or 500 BPS FOR FHA/VA

UP TO 6 PTS or 6000 BPS CONV.

ALL BROKERED LOANS PAY 125 to 150 BPS. ​​​​​- Angel Oak - UWM - OakTree- ACC- JCap - Hard Money

IF YOU ARE INTERESTED TO LEARN MORE, READ BELOW:

_ WHO ARE WE?_

The Mortgage Mentors are a team of motivated individuals who want to help borrowers best understand the process, our products, and enable them to make an educated decision. As a DBA affiliate of Vision One Mortgage, a full-service direct lender, our main focus is service. We employ a knowledgeable staff of experienced Underwriters & Processors who have a COMMON-SENSE approach which allows us to have an extremely strong close ratio from submission to funding. With a strong team, The Mortgage Mentors are able to provide fantastic turnaround times and close loans as fast as 17 days.

_ **WHAT POSITIONS DO WE HAVE AVAILABLE & WHERE? **_

The Mortgage Mentors have 3 types of positions which are INDEPENDENTLY CONTRACTED & COMMISSION BASED. Many representatives do a little of each and work a hybrid position where they come in the office for 20 to 30 hours a week as well as work in the field. We provide floating desks, conference rooms, and monthly training out of our Santa Ana office. 1801 Park Court Pl, suite G100, Santa Ana CA

1. Experian Trigger Leads Call Center Representatives - Call out to borrowers who have inquired with another lender to see if we can offer them a quote and potentially a better deal.
2. Self Generation - Organic Business
3. Home IQ - Offer free systems to realtors to help them sustain relationships with past clients, help them develop a landing page, and give simple software to help utilize social media.

_ WHAT ARE OUR STRENGTHS?_

At The Mortgage Mentors, our biggest strength is hands down giving our Loan Officers and Account Executives control. With a "borrower paid" like commission structure, and NO SPLITS when going through our direct lending line, The Mortgage Mentors are able to provide some of the **AGGRESSIVE COMPENSATION & RATES ON THE MARKET! **This allows our team members to be DIFFERENT THEN THE COMPETITOR, to work with the borrower when needed, and CLOSE DEALS.

The other major benefit is The Mortgage Mentors offer every type of program TRADITIONAL LENDING, HARD MONEY, NON-QM, REVERSE MORTGAGES & MORE! This enables our team members to capture any potential market and truly have no ceiling.

If your goal is to maintain a solid book of business, great, if you eventually want to start your own net branch, great, we are here to help you reach whatever your goals are.

Below you will find a list of some of the common programs we offer as well as Niche Programs that can add value to your services. I highlighted a few I think may stick out to you:

** Loan Programs**

• Conventional (FNMA-FHLMC) 15 & 30 Year Fixed and ARMteam
• All FNMA programs
• FNMA DU Refi Plus up to 135% LTV and Unlimited CLTV
• All Freddie Loan programs (W2 only programs)
• FHA 30& 15 Year Fixed and ARM products
• VA 30 & 15 Year Fixed and ARM products
• Renovation Loans
• Jumbo 30& 15 Year Fixed and ARM products
• Interest Only
• ARMs (3 Year, 5 Year, 7 Year & 10 Year) products
• Reverse Mortgage
• USDA & Rural Housing

Alt-QM Portfolio products

• Asset Depletion
• Owner Occupied Non-Prime Loans up to 90% LTV (VOE Only, 1099 Only, P & L Only, 24/12, even 1-month Bank Statements, Asset Depletion, Non-Occupant Co-Borrower, Gift funds ok, etc….)
• Non-Owner Occupied Non-Prime NO Doc Loans up to 75% LTV (No Income Stated, No Income Documents needed)
• No Doc Loans up to 75% LTV
• 2nds for Primary or Investment up too 90% CLTV
• Non-Warrant able Condos
• Investor Cash Flow (1007 or Lease Agreement > Mortgage Statement)
• MANY MORE….JUST ASK ME

WHAT SYSTEMS DO YOU USE?

CRM - PipeDrive

Loan Management System (Such as Point to Encompass) - ProLender

Software - _ **** HomeIQ - Helps LO`s connect with realtors_

Job Description:

• ABILITY TO GROW
• Responsible for the outside sales and origination of self-generated residential mortgages. Customarily and regularly involved in activities related to selling loans away from the office.
• Develop and maintain relationships with real estate agents, financial planners, individual borrowers and builders, etc.
• Accurately obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
• Meet with applicants to obtain information for loan applications and to answer questions about the process.
• Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
• Review loan agreements to ensure that they are complete and accurate according to policy.
• Responsible for proper adherence to legal regulations and company policies/procedures.
• Follow proper risk audit and compliance controls to mitigate financial risk to the organization while maintaining an environment focused on quality customer service.
• Responsible for ensuring that outstanding service is delivered to our customers and clients.
• Perform business development activities to increase recurring production including maintenance of a client database, client and customer calls/monitoring efforts, and additional activities as proposed by management.
• Manage a loan pipeline and the loan process to ensure loans fund in a timely manner.
• Interact with various corporate functions i.e. legal & compliance, operations risk, underwriting, closing, technology, etc., to improve the loan servicing process, minimize risk and improve performance tracking and controls.
• Develop and maintain relationships with real estate agents, financial planners, individual borrowers, and builders, etc.
• Attendance requires regular, reliable, and punctual attendance.
• Follow proper risk, audit, and compliance controls to mitigate financial risk.
• Handle customer complaints and take appropriate action to resolve them.
• Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
• Review and update credit and loan files.
• Submit applications to credit analysts for verification and recommendation.
• Analyze potential loan markets to develop prospects for new loans. Assist in defining existing loan products and developing new loan products to improve profitability and sales execution.
• Other duties as assigned.

Essential Function:

Originate residential real estate mortgage loans. This includes obtaining applications as well as coordinating and assisting in the processing and closing of loans. The Loan Officer will develop and maintain existing client relationships as well as identify and pursue potential new customer opportunities. Responsible for making sound decisions based on a mixture of data analysis resources and experience, using rigorous logic, seeking a complete course of action in decision making, and articulating recommendations in writing and verbally. Consistently meet or exceed company goals, and meet and maintain all licensing requirements including continuing education.

Minimum Qualifications:

• NMLS state and federal.
• Knowledge of conventional and/or government guidelines.
• Knowledge of processing underwriting and/or closing procedures/federal lending regulations governing real estate lending.
• Teamwork and customer service oriented.
• Self-motivated and highly organized.
• Familiar with FHA and HUD guidelines.
• Strong computer skills including MS applications and previous experience utilizing laptop technology for communication purposes including accessing rate, credit, and loan status information.
• Solid time management skills and the ability to organize, prioritize and perform multiple tasks simultaneously.
• Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences.
• Ability to analyze and comprehend complex financial data and provide financial alternatives.
• Professional and effective interpersonal skills.

Job Type: Contract

Experience: Mortgage: 1 year (Preferred)

License: NMLS (Required)

Additional Compensation: Commission

Our mission is to build a strong team and serve our clients with simplified, efficient, and seamless loan transactions. Our team aims to earn business by building trust and creating a relationship that will last a lifetime.

Company Description

Our Philosophy is simple, give you the tools you need to help your clients best. Every person has a different need, a different strength, a different area where they may need help. We will help you highlight your strength or strengthen your weakness. We will pay you fairly and give you the ability to do what is best for yourself, your client, and the company.

All we ask in return is you have respect for the process, respect for the individual and most of all respect for your client and network. You are an extended representation of us.

Please feel free to ask any questions!

Company Description

Our Philosophy is simple, give you the tools you need to help your clients best. Every person has a different need, a different strength, a different area where they may need help. We will help you highlight your strength or strengthen your weakness. We will pay you fairly and give you the ability to do what is best for yourself, your client, and the company. \r\n\r\nAll we ask in return is you have respect for the process, respect for the individual and most of all respect for your client and network. You are an extended representation of us. \r\n\r\nPlease feel free to ask any questions!