What are the responsibilities and job description for the Mortgage Loan Officer position at Obsidian Financial Services?
Are you over the fact that you cannot close a loan in 10 days!? Are you working for a company that doesn't come through, a lender who would not give you the ability to broker, a broker that does not have the ability to UW and close loans.
At Obsidian your not just number. Upon your onboarding, you are assigned an Account Executive that will help structure your loan, determine which channel best fits the consumer and earns you the max compensation. The AE's job is to help you structure deal's, provide training, access webcaster videos, and allow you access to marketing material. I cannot count how many times Quicken or UWM declined a loan where we have turned around, approved, and closed it within 10 days!
TIME FOR WINNING AS A LENDER/BROKER
The ability to work as a Lender:
- Best rates in the industry, with no marked-up fees and raw pricing
- DPA/Construction to Perm/203k/Dr. Loans (Not available for broker channel anymore)
- Non-QM Loans Make up to 4% compensation.
- FHA down to 550 with 4% to 5% compensation. Will never be beaten!
- Rates on FHA/VA at 2.75% fixed, paying back 2.875%
- In-house UW are available 24/7.
The ability to work as a Broker
- Approved with 50 lenders in the industry.
- Flat fee of $1295 per file or 20% and you still make the full compensation of 2.75%.
- (203K/DPA/Construction to Perm) all have CANCELED on the wholesale of the business.
- DBA’s are allowed for corporation.
- W2 or 1099 (where applicable)
Compensation Will Not Be Beat (Ever) and Training
- Payday out within 72 hours!
- 1099 or W2 (where applicable).
- Loan Officers make 200 BPS up to 500 BPS on each deal. No one beat’s us.
- Branch Managers make overrides from 25 BPS to 100 BPS on your loan officers.
- We offer state of the art training with the best software in the industry.
Your Responsibilities:
- Uphold all company directives and standards.
- Ability to pre-qualify clients and input information for disclosing.
- Submit a complete file then move on to the next deal.
- Interact with processing and UW to close loans fast.
- Proven ability to market yourself in your surrounding community, is a HUGE plus!
- Being able to take direction and to be a true self-starter preferred. We will assist you as much as we can, but this is a rare opportunity, and is as lucrative as you will personally make it.
Experience:
· One Year of residential mortgage origination experience.
· Must have NMLS Safe act Licensed within the state you originate in.
· Work with other employees such as processors and UW to help approve loans
· Knowledge of Microsoft software such as excel, work and power point
Education:
· High School Diploma
· Associates degree wanted but not needed
Obsidian is committed to the principle of equal employment opportunity for all employees and providing employees with a work environment free of discrimination and harassment. All employment decisions at Obsidian Financial Services are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Obsidian Financial Services will not tolerate discrimination or harassment based on any of these characteristics.
Job Type: Full-time
Pay: $48,487.00 - $425,850.00 per year
Schedule:
- 8 hour shift
Supplemental pay types:
- Commission pay
Work Location: Remote