Flexible-Hours Mortgage Loan Originator | Commission-Based

Eastern Bank; Rhode Island; On-site; USD 60,000 - 120,000; Full time

Job summary

Eastern Bank is seeking a Mortgage Loan Originator (MLO) to originate mortgage loans by contacting prospective clients and developing referral sources. The MLO will spend substantial time conducting sales calls, meeting borrowers, and attending closings, with flexible hours and commission-based compensation.

Responsibilities include sourcing leads, prequalifying applicants, coordinating with processors, and ensuring compliance.

Qualifications

• Minimum 1 year Mortgage Origination experience.
• Thorough understanding of mortgage products and guidelines.
• Strong communication and interpersonal skills.
• Ability to self-source business through sales activities.
• Familiarity with credit reports and affordability ratios.

Responsibilities

• Originate mortgage loans and develop referrals.
• Maintain in-person contact with referral sources.
• Conduct sales calls, attend meetings and trainings.
• Take loan applications and prequalify borrowers.
• Assist processor with conditions and deadlines.
• Liaise between parties to the transaction.
• Maintain compliance files.

Skills

Mortgage products

Regulatory compliance

Loan applications

Credit reports

Communication

Customer service

Market penetration

Self-sourcing sales

Marketing systems

Encompass

Education

Bachelor's degree

Tools

Outlook

Microsoft Office

Encompass

Job description

Eastern Bank is seeking a Mortgage Loan Originator (MLO) to originate mortgage loans by contacting prospective clients and developing referral sources. The MLO will spend substantial time conducting sales calls, meeting borrowers, and attending closings, with flexible hours and commission-based compensation.

Responsibilities include sourcing leads, prequalifying applicants, coordinating with processors, and ensuring compliance.