Mortgage Loan Officer

Summit Mortgage Corporation•Plymouth, MN

120d•$16,000 - $125,000•Hybrid

About The Position

The Loan Officer will develop loan applications by evaluating applicant information and documentation, developing relationships within the community, and producing high quality loans while providing excellent customer service. Compensation for this position is primarily commission based where your production and performance will determine earning potential. Summit Mortgage Corporation is looking and hiring licensed Mortgage Loan Officers now at our corporate headquarters in Plymouth, MN and at any of our Multi-State branches.

Requirements

Associates degree or 2 years of related work experience in lieu of a degree
Licensed as a SAFE Act compliant Mortgage Loan Originator
Ability to type at least 50 wpm with a high degree of accuracy (90% or better)
Knowledge of FHLMC and/or FNMA and FHA/VA and private mortgage insurance requirements
Strong verbal and written communication skills
Demonstrated customer service skills with a strong ability to take initiative and stay motivated
Effective prioritization and organization skills
Ability to work effectively under time constraints and have work flexibility

Nice To Haves

Two years of mortgage loan origination experience preferred

Responsibilities

Develop lending relationships with Realtors, builders, developers, and other sources of loan referrals to generate loan volume within the market area
Meet with potential customers
Engage in marketing and promotional activities to increase prospects
Obtain required documentation from prospective borrowers
Lock loan terms with the end investor when the prospective borrower agrees on the loan product and terms
Maintain regular contact with the prospective borrower between application, closing, and final sale to the investor to apprise the prospective borrower of the status of the application and gather any additional information as needed; attend loan closings
Comply with mortgage procedures by maintaining accurate mortgage records and following Summit Mortgage, regulatory, and investor guidelines
Stay abreast of trends and developments in the local real estate market and the competitive environment, as well as new rules and regulations pertaining to both private- and government-insured mortgages
Maintain a professional image and standards consistent with Summit Mortgage policies and procedures