Mortgage Loan Originator

US-AZ-Phoenix
1 year ago
ID
2016-3865
# of Openings
10
Category
Retail - Sales
Division
West_L

Overview

HomeBridge Financial Services, Inc. is one of the nation’s largest privately held, non-bank lenders. We specialize in facilitating and securing home mortgage financial solutions through our retail and wholesale channels. More information on HomeBridge can be found online at www.HomeBridgeInc.com.  

Responsibilities

Scope/Purpose of the Position:

The Mortgage Loan Originator (MLO) will be responsible for soliciting new business and originate mortgage loan products offered by the company.  Continuously identifies, develops and maintains a network of business relationships to establish a constant referral source to originate new loans. 

 

Essential Duties and Responsibilities (Other Duties may be assigned):

  • Represents the company in a professional and enthusiastic manner: by providing an exceptional level of customer service, supporting the mission/vison statements, and adhering to our core values in all functions of their job responsibilities and interaction with referral partners, customers, or clients.
  • The MLO’s primary duties include, among others, the following:
    • Spends more than 50% of their time making outside sales calls and performing related sales activities which include but are not limited to: meet and call on clients, referral sources, realtors, and business prospects at their homes and places of employment or in other social settings away from any HomeBridge office.
    • Build a network of referral sources such as Real Estate professionals, Builders, professional and personal contacts, as well as participate in business related development opportunities, community efforts to promote HomeBridge and our products and services.
    • Meet the minimum production standards required of a MLO as stated below:
      • Days 0 – 30: You must submit at least one (1) application (sent to processing “STP”) within the first thirty days after obtaining your license (or if you are licensed when hired, then within thirty days after your start date).
      • Days 31-60: You must submit an additional two (2) applications (“STP”) during the next thirty (30) days of your employment (3 total by day 60).
      • Days 61-90:You must submit a minimum of six (6) applications (“STP”) and at least one (1) loan must be funded by day ninety (90) (“6 plus 1” total).
      • After your initial period of employment, you will be required to meet the Minimum Production Standard of five (5) funded loans per rolling quarter as set forth below.
  • Collecting and analyzing the customer’s financial information;
  • Assisting in assessing the customer’s financial circumstances to determine whether the customer and the property qualify for a particular loan;
  • Analyzing the information provided by the customer and advising on an array of options and variables, all of which make up the various components of the loan;
  • Advising the customer about the risks and benefits of various mortgage loan alternatives in light of their individual financial circumstances;
  • Advising the customer about avenues to obtain a more advantageous loan program, including assisting the customer in understanding and clearing credit problems;
  • Maintaining regular contact with the customer, referral partners and HomeBridge between application and closing to apprise them of the status of the application and gather any additional information as needed;
  • Otherwise marketing and promoting the Employer’s products; and
  • Performing such other duties related to the origination of mortgage loans as Employer may assign.
  • Must at all times be able to meet any and all applicable qualifications and standards required for MLO licensing under the SAFE Act. Employee must remain current on any and all applicable registration, licensing and training obligations required under the SAFE Act and/or any other state, federal or local laws pertaining to MLO certification or standards.
  • Attend and complete all internal required training.
  • Maintain current and thorough knowledge of all lending programs, policies, procedures and regulatory requirements.
  • Perform all job functions in accordance with the companies policies and procedures.

Knowledge, Skills, and Abilities:

  • Demonstrated knowledge of the mortgage process, underwriting, and closing guidelines.
  • Understanding of Federal Regulations governing Real Estate Lending as well as the company’s Fair Lending policies.
  • Excellent knowledge of FNMA, FHLMC, FHA, USDA and VA product guidelines.
  • Excellent level of oral and written communication skills. Ability to communicate across a variety of audiences.
  • Professional and effective interpersonal skills. Solid decision making skills with display of professionalism in maintaining confidentiality.
  • Intermediate level of computer skills, including the ability to function in a windows environment.
  • Solid time management skills and the ability to organize and prioritize multiple tasks at the same time.
  • Ability to analyze and comprehend complex financial data and provide financial alternatives.
  • Ability to be results oriented with sound judgment.
  • Ability to be assertive and persuasive.
  • Ability to establish credibility and be decisive while recognizing and supporting the company’s preferences and priorities.

Minimum Qualifications and Training:

  • Minimum of one year experience working in a mortgage loan originator capacity at a mortgage company, bank or other financial institution. Prior experience in generating refinance loans, purchase loans, as well as a comprehensive understanding of related guidelines
  • Tactical demonstration of sales techniques
  • Must be knowledgeable on the methods and procedures for promoting and marketing of products and services
  • Valid driver’s license
  • NMLS License
  • Must at all times be able to meet any and all applicable qualifications and standards required for MLO licensing under the SAFE Act. Employee must remain current on any and all applicable registration, licensing and training obligations required under the SAFE Act and/or any other state, federal or local laws pertaining to MLO certification or standards.

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