Description
TITLE: Loan Originator
REPORTS TO: Retail Branch Manager
FLSA CLASS: Exempt
BASIC FUNCTION:
The Loan Originator (LO) is responsible for originating their own sales by contacting prospective clients and by developing and maintaining referral sources. The LO spends significant time out of the office conducting sales calls, meeting with borrowers and attending closings. The LO has flexibility in setting their working hours as well as scheduling the tasks performed in a work day. The LO is compensated on a commission only basis.
ESSENTIAL DUTIES:
Requirements
KNOWLEDGE, SKILLS AND ABILITIES:
Thorough understanding of mortgage products, pricing and guidelines.
Up to date understanding of all regulatory compliance and participate in various required trainings HarborOne Mortgage provides.
Ability to take accurate and thorough loan applications
Possess a working knowledge of credit reports, DTI, LTV, and CLTV ratios
Have excellent communication and interpersonal skills
Attention to detail and outstanding customer service is critical to success
Ability to create, implement and adapt a market penetration strategy for lead development, prospect to client conversion, and client to close conversion.
Ability to self-source business through sales activities including cold calling, appointment setting, and group presentations.
Ability to create marketing systems to source new business as well as keep in touch with existing clients, realtors, builders, etc.
Experience with Outlook, Microsoft Office and other similar software preferred.
EDUCATION:
A minimum 1 year of Mortgage Origination experience is required
PHYSICAL DEMANDS:
While performing the responsibilities of this position, the employee is required to effectively communicate verbally. The employee must be able to effectively operate a keyboard. The employee is occasionally required to reach with arms and hands and occasionally lift and/or move up to 10-15 pounds. Vision abilities is required by this job include close vision.
The requirements outlined above are representative, but not all-inclusive, of the knowledge, skill and ability of this position. Reasonable accommodations will be made to enable employees with disabilities to perform essential job functions
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