Dual Role Outside Loan Originator

AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY•Providence, RI

2d•$250 - $7,500•Onsite

About The Position

AnnieMac Home Mortgage is looking to hire Part-Time Mortgage Loan Originators to establish referral source relationships for a steady flow of loan volume from real estate brokers and other external sources. Candidates should have experience directly or indirectly related to the Mortgage Industry. Under the direct supervision of the Branch Manager, the job responsibilities of the Mortgage Loan Originator position include, but are not limited to, the following: Utilize knowledge, training, and experience to solicit, originate, and facilitate the processing and closing of loan products and financing of residential real estate transactions on behalf of the AnnieMac’s customers. Taking information from the borrower and filling out or assisting borrower in filling out the application. Obtaining accurate information about the prospective borrower’s income and debt to determine the maximum mortgage that the prospective borrower can afford. Assisting in the process of educating the prospective borrower about the different types of loan products available, and demonstrating how closing costs and monthly payments could vary under each product. Collecting financial information and other related documents that are part of the application process. Initiating or ordering requests for mortgage and other loan verifications. Ordering appraisals through the Company’s appraisal desk. Assisting the borrower in understanding and clearing credit problems. Maintaining regular contact with the borrowers between application and closing to appraise them of the status of the application and gather any additional information as needed. Participate in the loan closing. Complete all Company mandatory trainings within the required timelines.

Requirements

High School Diploma or equivalent.
Must have appropriate state license or certificate (varies by state).
Must be working full time as a licensed Real Estate agent.
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.
This position is subject to credit and background checks.

Nice To Haves

Experience directly or indirectly related to the Mortgage Industry.

Responsibilities

Utilize knowledge, training, and experience to solicit, originate, and facilitate the processing and closing of loan products and financing of residential real estate transactions on behalf of the AnnieMac’s customers.
Take information from the borrower and fill out or assist the borrower in filling out the application.
Obtain accurate information about the prospective borrower’s income and debt to determine the maximum mortgage that the prospective borrower can afford.
Assist in educating the prospective borrower about the different types of loan products available, and demonstrate how closing costs and monthly payments could vary under each product.
Collect financial information and other related documents that are part of the application process.
Initiate or order requests for mortgage and other loan verifications.
Order appraisals through the Company’s appraisal desk.
Assist the borrower in understanding and clearing credit problems.
Maintain regular contact with the borrowers between application and closing to appraise them of the status of the application and gather any additional information as needed.
Participate in the loan closing.
Complete all Company mandatory trainings within the required timelines.