Mortgage Loan Originator

This is a fully remote position, open to applicants in California.

📋 Description

• Establish referral connections with realtors, builders, and both professional and personal contacts.

• Stay informed about mortgage policies, procedures, loan products, processing methods, underwriting standards, and departmental protocols.

• Adhere to established guidelines for escalated exceptions.

• Obtain applicant applications by filling out the Fannie Mae form 1003 using a laptop.

• Utilize the laptop for communication, accessing daily rates, reviewing applicant credit reports, receiving Loan Prospector responses, and sending loans to LOMAS.

• Gather necessary documentation and ensure loan packages are delivered within time frames set by management.

• Oversee the pipeline for originated loans through to closing and complete all required management reports.

• Provide timely updates and progress reports to branches and applicants.

• Uphold excellent customer service while managing the expectations of applicants and support staff.

• Attend and engage in Consumer Lending meetings as necessary.

• Originate residential first mortgage loans for external referrals and take responsibility from application to closing.

• Achieve mortgage loan sales and cross-selling targets set by management.

• Identify, evaluate, manage, monitor, and report risks within the Bank’s risk tolerance.

⛳️ Requirements

• A high school diploma or equivalent is required.

• A four-year college degree is preferred.

• Familiarity with conventional and/or government lending regulations.

• Understanding of residential mortgage processing, underwriting, and closing practices.

• Knowledge of federal lending laws that regulate real estate lending.

• Proven organizational abilities.

• Strong written and verbal communication skills.

• Demonstrated teamwork and customer service capabilities.

• Established computer proficiency.

• Basic sales technique knowledge.

• A strong motivation to succeed in a competitive setting.

• Registration under the S.A.F.E. Act is required at the time of employment through the Nationwide Mortgage Licensing System (NMLS).

🏝️ Benefits

• Incentive compensation combined with either a base salary or a draw to establish total cash compensation.

• Comprehensive benefits programs that promote physical, financial, emotional, and social well-being.

• Benefits available for employees and their families.

• Commitment to equal employment opportunity and an inclusive workplace culture.