Mortgage Loan Originator, Dual Compensation

This is a fully remote position, open to applicants in Florida, +1 more state.

📋 Description

• Drive the production of residential mortgage loans by cultivating client relationships and delivering outstanding service.

• Establish and uphold a pipeline of mortgage prospects through referrals, community engagement, and networking efforts.

• Conduct consultations with borrowers and recommend appropriate mortgage options.

• Maintain communication with borrowers, real estate agents, builders, and internal stakeholders throughout the loan process.

• Collaborate with an experienced MLO or a producing sales manager for partnership assignments.

• Provide assistance with mortgage pre-qualification, pre-approvals, and the qualification process.

• Gather and verify financial documentation from clients.

• Work alongside management, underwriters, processors, and closing teams to streamline loan decisions and closings.

• Monitor the progress of loans and respond to information requests or conditions.

• Ensure adherence to RESPA, TILA, HMDA, Fair Lending, as well as federal, state, and bank regulations.

• Keep precise loan records.

• Stay informed about mortgage programs, market trends, interest rates, and regulatory updates.

• Achieve or surpass production targets.

• Track and report on pipeline activities, conversion rates, and sources of leads.

• Fully participate in mandatory sales, division, company-wide, product, compliance, and development meetings.

• Disclose any potential dual-capacity representation and obtain signed agreements from applicants.

• Carry out other assigned responsibilities.

⛳️ Requirements

• A minimum of one year of full-time experience in a licensed Realtor role, specifically in the Orlando/Central Florida area.

• Must maintain full-time employment in a Realtor or similar real estate profession.

• Part-time roles are considered exempt under the FLSA outside sales exemption.

• Availability to work evenings or weekends based on borrower needs.

• Ability to professionally represent the bank at networking and community events.

• High school diploma or equivalent is necessary.

• Active NMLS registration or the ability to obtain and maintain active NMLS registration in compliance with the SAFE Act.

• Strong knowledge of residential mortgage products, underwriting standards, and the overall loan process.

• Exceptional interpersonal, communication, and problem-solving abilities.

• Capacity to work independently, manage multiple loan files, and prioritize deadlines effectively.

• Must be capable of lifting up to 15 pounds occasionally.

• Professional attire is mandatory.

• An associate or bachelor’s degree is preferred.

• Some states, state-funded down payment assistance programs, and investors may not permit dual representation.

• Must inform applicants of potential dual-capacity representation and secure signed acknowledgments.

🏝️ Benefits

• The DCLO position is not eligible for benefits.

• Compensation is solely based on commission.

• Flexible working arrangements available: standard office setting or remote with moderate travel within the assigned market.

• Engage in meetings, product training, compliance sessions, and professional development meetings.