Licensed Mortgage Loan Officer (1 year required)

Perry Johnson Mortgage Company; Troy (MI); On-site; USD 100,000 - 600,000; Full time

Benefits offered by this job

401(k)

Dental insurance

Health insurance

Life insurance

Vision insurance

Job summary

Perry Johnson Mortgage Company in Troy, MI is seeking a Mortgage Loan Originator to evaluate applications, analyze creditworthiness, and negotiate terms with clients. You will gather financial documents, use loan origination software, and collaborate with underwriters to ensure smooth processing.

A valid NMLS license is required, along with proven experience in financial sales and strong communication skills.

Qualifications

• Proven experience in financial sales or a related field.
• NMLS license required.
• Strong knowledge of loan origination processes.
• Familiarity with accounting software for financial analysis purposes.
• Excellent negotiation skills to secure favorable terms for both the client and the bank.
• Ability to analyze creditworthiness and assess risk accurately.
• Strong attention to detail and ability to work in a fast-paced environment.
• Excellent communication skills, both written and verbal.
• Ability to build rapport with clients and provide exceptional customer service.

Responsibilities

• Evaluate loan applications and determine the creditworthiness of applicants.
• Analyze the risk associated with each loan application.
• Negotiate loan terms with clients to ensure mutually beneficial agreements.
• Collaborate with clients to gather necessary financial documents and information for loan processing.
• Utilize loan origination software, such as Quicken, to streamline the application and approval process.
• Perform credit analysis to assess the likelihood of repayment and adherence to TILA regulations.
• Maintain accurate records of loan applications, approvals, and denials.
• Collaborate with underwriters and other team members to ensure smooth loan processing.
• Stay up-to-date with industry trends, regulations, and best practices in loan origination.
• Work with partner lenders such as Rocket, AmeriSave, Loan Depot, PennyMac, etc.

Skills

NMLS license

Loan origination

Credit analysis

Negotiation

Financial analysis

Customer service

Regulatory compliance

Attention to detail

Communication

Tools

Quicken

Accounting software

Job description

• Evaluate loan applications and determine the creditworthiness of applicants
• Conduct thorough financial analysis and assess the risk associated with each loan application
• Negotiate loan terms and conditions with clients to ensure mutually beneficial agreements
• Collaborate with clients to gather necessary financial documents and information for loan processing
• Utilize loan origination software, such as Quicken, to streamline the application and approval process
• Perform credit analysis to assess the likelihood of repayment and adherence to TILA regulations
• Maintain accurate records of loan applications, approvals, and denials
• Collaborate with underwriters and other team members to ensure smooth loan processing
• Stay up-to-date with industry trends, regulations, and best practices in loan origination
• Work with partner lenders such as Rocket, AmeriSave, Loan Depot, PennyMac, etc.

Responsibilities

• Evaluate loan applications and determine the creditworthiness of applicants
• Conduct thorough financial analysis and assess the risk associated with each loan application
• Negotiate loan terms and conditions with clients to ensure mutually beneficial agreements
• Collaborate with clients to gather necessary financial documents and information for loan processing
• Utilize loan origination software, such as Quicken, to streamline the application and approval process
• Perform credit analysis to assess the likelihood of repayment and adherence to TILA regulations
• Maintain accurate records of loan applications, approvals, and denials
• Collaborate with underwriters and other team members to ensure smooth loan processing
• Stay up-to-date with industry trends, regulations, and best practices in loan origination
• Work with partner lenders such as Rocket, AmeriSave, Loan Depot, PennyMac, etc.

Qualifications

• Proven experience in financial sales or a related field
• NMLS license required
• Strong knowledge of loan origination processes and procedures
• Familiarity with accounting software for financial analysis purposes
• Excellent negotiation skills to secure favorable terms for both the client and the bank
• Ability to analyze creditworthiness and assess risk accurately
• Strong attention to detail and ability to work in a fast-paced environment
• Excellent communication skills, both written and verbal
• Ability to build rapport with clients and provide exceptional customer service

Please note that this job description is not exhaustive and additional responsibilities may be assigned as needed.

Job Type: Full-time

Pay: $100,000.00 - $600,000.00 per year

Benefits

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Vision insurance

Schedule

• 8-hour shift
• Monday to Friday

Pay Types

• Base Pay
• Commission pay
• Bonus Pay

License/Certification

• MLO License (Required)

Ability To Commute

• Troy, MI 48084 (Required)

Work Location: In person