Outside Loan Originator

AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY•Tampa, FL

5d•$13,500 - $65,000

About The Position

AnnieMac Home Mortgage is hiring a full-time External Mortgage Loan Originator to establish referral-source relationships and generate a steady flow of mortgage loan volume from real estate brokers and other external sources. The primary duty is to sell mortgage loans to customers away from and outside AnnieMac Home Mortgage’s places of business; work performed at company offices is related and supplemental to outside sales. The role reports directly to the Branch Manager and requires travel 80% of the time. The position involves developing referral relationships, generating leads, guiding prospective borrowers through mortgage options and the application process, collecting and reviewing financial information, providing required disclosures, and maintaining communication with borrowers, realtors, and lenders through closing. Compensation is listed as $13,500–$65,000 plus commission. The role is based in Tampa, Florida, and requires a high school education level.

Requirements

Must have the appropriate state license or certificate, as applicable by state.
Thorough knowledge of pricing and underwriting requirements of various mortgage insurance companies.
Working knowledge of credit underwriting and property eligibility requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors.
Familiarity with local, state, and national laws, including zoning ordinances, Truth-in-Lending, RESPA, and energy audit requirements.
Excellent communication skills and the ability to analyze financial information.
Must be a sales-oriented self-starter.
Experience directly related to the mortgage industry.

Responsibilities

Sell mortgage loans to customers away from and outside AnnieMac Home Mortgage’s places of business.
Build and maintain relationships with realtors, real estate agents, title and escrow officers, financial advisers, CPAs, and other relevant professionals to generate business.
Participate in mortgage sales activities, including attending closings and open houses, conducting seminars, and other lead-generating activities.
Take borrower information and complete loan applications.
Analyze prospective borrowers’ income and debt and pre-qualify them to determine the maximum mortgage they can afford.
Counsel prospective borrowers about the home-buying and financing process, available loan products, and differences in closing costs and monthly payments.
Collect financial information, such as tax returns and bank statements, and other documents needed for applications.
Provide disclosures to borrowers, including truth-in-lending disclosures and good-faith estimates.
Advise borrowers on understanding and resolving credit problems.
Maintain contact with borrowers, realtors, and lenders between application and closing to share application status and gather additional information as needed.
Order legal documents.
Review HUDs prior to closing.