Field Mortgage Home Loan Advisor (Commission-Only)

First Bank; San Mateo (CA); On-site; USD 60,000 - 90,000; Full time

Job summary

First Bank is seeking a Mortgage Home Loan Advisor (Commission-Only) who will spend the majority of time outside of an office, meeting new people and helping clients finance a new home. The role involves sourcing leads, meeting borrowers, and guiding loan submissions through underwriting and closing processes.

The position emphasizes direct client interaction, explanation of loan programs, and collaboration with processors and underwriters to achieve successful closings.

Responsibilities

• Sourcing leads for mortgage home loans
• Meet with perspective borrowers to obtain loan applications, explain application process, fees involved, and different programs available
• Analyze perspective borrowers' financial status (income and debt) by obtaining required paperwork needed for loan submission and to notify borrower of credit report/appraisals ordered to determine feasibility of making a mortgage loan
• Submit completed applications and confer with underwriters to aid in resolving mortgage application concerns
• Advise borrowers of underwriting decisions, work with the borrower and underwriter to ensure all underwriting conditions are met
• Work with both the processor and borrower, if loan is denied, about reconstructing loan under a different program
• Coordinate loan closing, escrow signing, ordering of loan documents and assisting borrowers in the closing process

Job description

First Bank is seeking a Mortgage Home Loan Advisor (Commission-Only) who will spend the majority of time outside of an office, meeting new people and helping clients finance a new home. The role involves sourcing leads, meeting borrowers, and guiding loan submissions through underwriting and closing processes.

The position emphasizes direct client interaction, explanation of loan programs, and collaboration with processors and underwriters to achieve successful closings.