Team External Loan Originator

AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC•Maryville, TN

1d•$13,500 - $65,000•Onsite

About The Position

AnnieMac Home Mortgage is looking to hire a Full-time TEAM Mortgage Loan Originator to establish referral source relationships for a steady flow of loan volume from real estate brokers and other external sources, while working as a TEAM with other Loan Originators. The primary duty is to sell mortgage loans to customers away from and outside of AnnieMac Home Mortgage’s places of business. Work done at AnnieMac Home Mortgage’s offices is related and supplemental to outside sales. This role involves generating new business by building and maintaining relationships with realtors, real estate agents, title and escrow officers, financial advisers, CPAs, and other relevant professionals. Regularly participate in mortgage sales including, but not limited to, attending closings and open houses, and conducting seminars and other lead-generating activities. The role also includes taking borrower information, filling out loan applications, analyzing prospective borrower’s income and debt, pre-qualifying borrowers, counseling borrowers on the home buying and financing process, advising on loan products, collecting financial information and documents, providing disclosures, counseling on credit problems, maintaining contact with borrowers and realtors, ordering legal documents, and reviewing HUDS prior to closing. All accountabilities and job activities pertain to all customers of all loan originators within the TEAM.

Requirements

Must have appropriate state license or certificate to equivalent to other loan originator TEAM members (varies by state).
Must have a thorough knowledge of pricing and underwriting requirements of various mortgage insurance companies.
Must have a working knowledge of credit underwriting and property eligibility requirements for FNMA, FHLMC, FHA, VA, local bonding programs and private investors.
Must be familiar with local, state and national laws (e.g. zoning ordinances, Truth-in Lending, RESPA, energy audit requirements, etc.)
Must have excellent communication skills and the ability to analyze financial information.
Must be a sales-oriented self-starter.
Must be capable to work independently, as well as part of a TEAM arrangement.

Responsibilities

Establish referral source relationships for a steady flow of loan volume from real estate brokers and other external sources.
Sell mortgage loans to customers away from and outside of AnnieMac Home Mortgage’s places of business.
Generate new business by building and maintaining relationships with realtors, real estate agents, title and escrow officers, financial advisers, CPAs, and other relevant professionals.
Regularly participate in mortgage sales including, but not limited to, attending closings and open houses, and conducting seminars and other lead-generating activities.
Take information from the borrower and fill out the loan application.
Develop relationships with referral partners such as realtors to generate new customers.
Analyze the prospective borrower’s income and debt and pre-qualify the prospective borrower to determine the maximum mortgage that the prospective borrower can afford.
Counsel the prospective borrower in the home buying and financing process, advising the borrower about the different types of loan products available, and demonstrating how closing costs and monthly payments would vary under each product.
Collect financial information (tax returns, bank statements) and other related documents that are part of the application process.
Provide disclosures to the borrower, including truth in lending, good faith estimate, and others.
Counsel and advise the borrower in understanding and clearing credit problems.
Maintain regular contact with the borrower, realtors, and the lender, between application and closing to apprise them of the status of the application and to gather any additional information as needed.
Order legal documents.
Review HUDS prior to closing.