Mortgage Loan Originator

Overview

This role originates mortgage loans in an assigned Non-Bank territory. Responsibilities include taking applications, conducting preliminary underwriting reviews, coordinating submission to processing and underwriting for approval, and following up to ensure required documents are secured for timely processing, underwriting, and closing.

The position is primarily field-based, with incumbents customarily and regularly engaged in making and soliciting loan sales and conducting sales-related activities away from workplace locations. Incumbents are expected to spend at least 50% of their time conducting activities away from workplace locations.

Responsibilities

• Originate mortgage loans in an assigned Non-Bank territory
• Take mortgage loan applications and conduct preliminary underwriting reviews
• Submit loan applications to processing and underwriting for approval
• Follow up to ensure documents required for processing, underwriting, and closing are secured in a timely manner from appropriate sources
• Make and solicit loan sales and conduct sales-related activities away from workplace locations (expected to be at least 50% of time)

Required Qualifications

• National Mortgage Licensing Service (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z, with ongoing compliance with all legal or regulatory registration requirements, including maintaining a satisfactory criminal and credit record
• High school degree or equivalent
• Two or more years of Mortgage, Sales, or Real Estate experience

Preferred Qualifications

• Self-starter with excellent sales ability and ability to work independently
• Established referral base within assigned market
• Thorough knowledge of pricing and underwriting requirements of various mortgage insurance companies
• Working knowledge of underwriting requirements for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors (gained through on-the-job training or some real estate brokerage experience)
• Familiarity with local, state and national laws (e.g., zoning ordinances, Truth-in-Lending, RESPA, energy audit requirements, etc.)
• Excellent communication skills and ability to analyze financial information
• Sales-oriented
• Established referral base within assigned market preferred
• 2+ years of proven success in mortgage loan origination, consistently meeting or exceeding production goals

Compensation & Benefits

Pay Range: $20.00 - $20.00

Benefits include:

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
• Incentive and recognition programs
• Equity stock purchase 401(k) contribution and pension (all benefits subject to eligibility requirements)

Location

Assigned Non-Bank territory; incumbents are expected to spend at least 50% of their time conducting activities away from workplace locations.

Additional Information

• Accommodation requests: Disability accommodations for applicants are available during any portion of the application or hiring process.
• Equal opportunity: The organization considers all qualified applicants without regard to protected characteristics under applicable law.
• E-Verify: The employer participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories.
• Background checks: Background checks are conducted consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act, as well as the San Francisco Fair Chance Ordinance. The employer conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA).
• Record consideration: The employer will consider qualified applicants with arrest or conviction records for employment.
• Compliance: Applicants must be able to comply with policies and procedures, including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
• Regulatory requirements: Certain positions may be subject to requirements related to FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement.
• Application timing: Posting may be closed earlier due to high volume of applicants.