Mortgage Loan Originator
About The Position
The Mortgage Loan Originator position is a sales oriented position where the loan originator proactively solicits new residential mortgage business, works bank referral leads, and sells IBC Mortgage products. The MLO continually develops and maintains a quality network of business relationships that serve as a recurring source of referrals for new mortgage opportunities and develops relationships with the IBC Bank Sales Team and IBC Commercial Bankers. The Mortgage Loan Originator also evaluates and authorizes or recommends approval of applications for residential real estate loans, and possesses an understanding of relevant loan products, regulatory disclosures, and interest rate pricing.
Requirements
- High School graduate or equivalent
- 2 years recent experience preferred in residential loan originations
- RMLO license highly preferred (NMLS registration required)
- Knowledge of Conventional and Government Mortgage products
- Knowledge of procession, underwriting, closing and funding of mortgage loans
- Strong written and verbal communication skills
- Ability to manage a pipeline
- Teamwork
- Strong customer service skills
- Self-motivated
- Highly organized
- Ability to calculate qualifying income from federal tax returns
Nice To Haves
- College degree preferred
Responsibilities
- Develops and maintains a quality network of business relationships that serve as a recurring source of referrals for new mortgage opportunities
- Develops relationships with the IBC Bank Sales team and IBC Commercial Bankers
- Evaluates and recommends approval of applications for residential real estate loans
- Possesses an understanding of relevant loan products, regulatory disclosures, and interest rate pricing
- Takes information from the borrower and completes the application
- Analyzes the prospective borrower's income and debt and pre-qualifies the prospective borrower
- Educates the prospective borrower in the home buying and financing process, advises the borrower about the different types of loan products available, and demonstrates how closing costs and monthly payments could vary under each product.
- Quotes interest rates and fees
- Maintains regular contact with the borrower and Realtors between application and closing
- Assists the borrower in understanding and clearing credit problems
- Participates in the loan closing
- Performs other related duties as assigned
Benefits
- Medical Plan
- Employer Paid Life Insurance
- Flexible Spending Program
- 401k Profit Sharing Program
- Supplemental Benefit Programs such as: Vision, Dental, Disability
- Tuition Assistance Program
- Sick Leave
- Vacation
- Paid Holidays
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
