Mortgage Loan Originator

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

📋 Description

• Generate residential first mortgage loans through external referrals.

• Achieve sales targets for mortgage loans and enhance cross-selling efforts.

• Build and nurture referral relationships with realtors, builders, and both professional and personal contacts.

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

• Adhere to established protocols for escalating exceptions.

• Complete applicant applications using the Fannie Mae Form 1003.

• Utilize a laptop for communication, daily rates, applicant credit reports, Loan Prospector responses, and transmitting loans to LOMAS.

• Gather applicant documentation and ensure loan packages are submitted within management-defined timelines.

• Oversee the pipeline of originated loans through to closing and fulfill necessary management reporting requirements.

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

• Deliver exceptional customer service while managing the expectations of applicants and support staff.

• Participate in mandatory Consumer Lending meetings.

• Hold overall accountability for residential mortgage loans from application to closing.

• Identify, evaluate, manage, monitor, and report risks in alignment with the Bank’s risk appetite.

⛳️ Requirements

• High school diploma or equivalent is required.

• A four-year college degree is preferred.

• Familiarity with conventional and/or government lending guidelines.

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

• Knowledge of federal lending regulations that govern real estate lending.

• Proven organizational abilities.

• Excellent written and verbal communication skills.

• Demonstrated teamwork and customer service capabilities.

• Established computer proficiency.

• Basic sales technique knowledge.

• Strong ambition to succeed in a competitive landscape.

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

• Capability to complete the Fannie Mae Form 1003 and utilize mortgage lending systems, credit reports, Loan Prospector, and LOMAS.

🏝️ Benefits

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

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

• Unique compensation offerings.

• Employee recognition through the Total Rewards program.

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