What are the responsibilities and job description for the Mortgage Loan Originator position at Lendmire?
We are a young and innovative mortgage company. Providing our loan officers with cutting-edge technology. Our internal marketing team generates purchase leads to keep pipelines full. No mortgage company cares for their loan officers the way we do ours. Get ready to be admired, Welcome to Lendmire!
Job Summary:
The Mortgage Loan Officer will initiate the mortgage process for potential clients, preparing, analyzing, and verifying mortgage loan applications for the purchase or refinance of real estate.
Supervisory Responsibilities:
- May assist in training new mortgage officers if experience requirements are met.
Duties/Responsibilities:
- Meets with and interviews potential and current clients to understand their lending needs including first-time mortgages and refinance of existing loans.
- Explains the differences between and approval requirements of various types of mortgages; prepares and presents a lending package based on client specifications.
- Assists clients with completion of mortgage applications, inspecting completed documents for accuracy and thoroughness.
- Reviews loan applications, gathers credit histories and reports, and assesses applicants’ capacity to repay and default risk.
- Based on predetermined requirements, assesses, and grants or rejects mortgage applications.
- Views or visits property for real estate purchase or refinance.
- Maintains knowledge of trends and developments in the local real estate market; current and predicted lending rates; and changes in rules, regulations, and best practices of various mortgages.
- Develops and maintains contacts with local realtors, developers, and builders to promote and encourage the use of bank services for residential mortgages.
- Performs other duties as assigned.
Required Skills/Abilities:
- Excellent interpersonal and customer service skills.
- Excellent organizational skills and attention to detail.
- Thorough understanding of Federal Housing Authority (FHA), Veterans Affairs (VA), Federal National Mortgage (Fannie Mae), and other types of construction and conventional loans.
- Proficient with Microsoft Office Suite or related software.
Education and Experience:
- Bachelor’s degree in Finance or Business Administration preferred.
- One to three years of prior experience in lending or related field preferred.
Physical Requirements:
- Prolonged periods of sitting at a desk and working on a computer.
- Must be able to lift 15 pounds at times.
Job Types: Full-time, Internship
Pay: $80,000.00 - $250,000.00 per year
Benefits:
- Flexible schedule
Physical Setting:
- Office
Schedule:
- 8 hour shift
Experience:
- Fair Housing regulations: 1 year (Preferred)
- Loan origination: 1 year (Preferred)
- Sales: 1 year (Required)
Work Location: Remote
