Outside Loan Originator

AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC•Moorestown Township, NJ

2d•Onsite

About The Position

AnnieMac Home Mortgage is seeking Full Time External Mortgage Loan Originators to cultivate referral relationships with real estate brokers and other external sources, ensuring a steady flow of loan volume. This role requires candidates to have direct experience within the Mortgage Industry and will operate under the direct supervision of a Branch Manager. The primary function of this position involves selling mortgage loans to customers outside of AnnieMac Home Mortgage's physical offices, with any work performed at the company's offices being supplemental to these external sales activities.

Requirements

Must have appropriate state license or certificate (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.
Should have experience directly related to the Mortgage Industry.

Responsibilities

Sell mortgage loans to customers away from and outside of AnnieMac Home Mortgages 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 activities, including attending closings and open houses, and conducting seminars and other lead-generating activities.
Take information from the borrower and complete the loan application.
Develop relationships with referral partners such as realtors to generate new customers.
Analyze prospective borrowers' income and debt to pre-qualify them and determine the maximum mortgage they can afford.
Counsel prospective borrowers through the home buying and financing process, advising on different loan products and demonstrating how closing costs and monthly payments vary.
Collect financial information (tax returns, bank statements) and other related documents required for the application process.
Provide necessary disclosures to the borrower, including truth in lending and good faith estimates.
Counsel and advise borrowers on understanding and resolving credit problems.
Maintain regular contact with the borrower, realtors, and the lender between application and closing to provide status updates and gather additional information.
Order legal documents.
Review HUDS prior to closing.