External Mortgage Loan Originator - Road Warrior

American Neighborhood Mortgage Acceptance Company; Sparta Township (NJ); On-site; USD 14,000 - 65,000; Full time

Benefits offered by this job

Medical, dental, and vision plans

401K and voluntary benefits

Job summary

AnnieMac Home Mortgage is seeking a Full Time External Mortgage Loan Originator to establish referral relationships and sustain loan volume from real estate brokers and other external sources. You will work to generate new business, pre-qualify borrowers, and counsel on loan options from application to closing.

Travel is a substantial part of the role (80%), with responsibilities including attending closings, open houses, and lead-generating events, while maintaining ongoing lender and realtor

Qualifications

• Must have appropriate state license or certificate (varies by state).
• Thorough knowledge of pricing and underwriting requirements of mortgage insurers.
• Working knowledge of credit underwriting and property eligibility for FNMA, FHLMC, FHA, VA, local programs and private investors.
• Familiar with local, state and national laws (e.g. Truth-in-Lending, RESPA, etc.).
• Excellent communication skills and ability to analyze financial information.

Responsibilities

• Primary duty is to sell mortgage loans away from and outside of AnnieMac Home Mortgages places of business. Work done at AnnieMac Home Mortgages offices is related and supplemental to outside sales.
• Generate new business by building and maintaining relationships with realtors, real estate agents, title and escrow officers, financial advisers, CPAs, and other relevant professionals.
• Regularly participate in mortgage sales including, but not limited to, attending closings and open houses, and conducting seminars and other lead-generating activities.
• Take information from the borrower and fill out the loan application.
• Develop relationships with referral partners such as realtors to generate new customers.
• Analyze the prospective borrowers income and debt and pre-qualify the prospective borrower to determine the maximum mortgage that the prospective borrower can afford.
• Counsel the prospective borrower in the home buying and financing process, advising the borrower about the different types of loan products available, and demonstrating how closing costs and monthly payments would vary under each product.
• Collect financial information (tax returns, bank statements) and other related documents that are part of the application process;
• Provide disclosures to the borrower, including truth in lending, good faith estimate, and others.
• Counsel and advise the borrower in understanding and clearing credit problems.
• Maintain regular contact with the borrower, realtors, and the lender, between application and closing to apprise them of the status of the application and to gather any additional information as needed.
• Order legal documents.
• Review HUDS prior to closing.

Skills

State license/cert

Pricing knowledge

Credit underwriting

Communication skills

Sales-oriented

Self-starter

Job description

AnnieMac Home Mortgage is seeking a Full Time External Mortgage Loan Originator to establish referral relationships and sustain loan volume from real estate brokers and other external sources. You will work to generate new business, pre-qualify borrowers, and counsel on loan options from application to closing.

Travel is a substantial part of the role (80%), with responsibilities including attending closings, open houses, and lead-generating events, while maintaining ongoing lender and realtor