Loan Officer

NovaFi Mortgage, Inc.; Spring (TX); On-site; USD 65,000 - 110,000; Full time

Benefits offered by this job

Medical, dental, vision

Health Savings Account

401(k) with match

Company-paid life insurance

Job summary

NovaFi Mortgage, Inc. is seeking a Loan Officer to join our Retail Sales team in Spring, TX. The role focuses on selling mortgages for residential properties and refinancing existing mortgages, with development of new business through calls on referrals and current relationships.

The Mortgage Loan Originator will present loan options, collect necessary documents, and guide applicants through approval processes, while staying informed on market trends and regulatory changes.

Qualifications

• Minimum 3 years in mortgage sales.
• Knowledge of agency guidelines.
• State Mortgage Broker License required.

Responsibilities

• Conduct daily sales calls to generate mortgage opportunities.
• Maintain ongoing communication with customers to expand business.
• Submit mortgage applications for FHA/Conventional/USDA etc.
• Explain terms and gather signed documents.
• Collect initial documents (1003, paystubs, W-2s, statements).
• Prequalify applicants by analyzing information.
• Pull and analyze credit reports.
• Stay informed on real estate trends and mortgage rules.
• Other duties as assigned.

Skills

Mortgage sales experience

Agency guidelines knowledge

Professional presentation

Education

State Mortgage Broker License

Tools

CRM software

Job description

Loan Officer

Department: Retail Sales

Employment Type: Full Time

Location: Spring, TX

Description

The Mortgage Loan Originator is responsible for selling mortgages for residential properties as well as the refinancing of existing residential mortgages. The Mortgage Loan Originator develops new business to support the Company’s sales objectives by making independent sales calls on existing and/or potential customers from referral sources, and by the retention of current relationships.

Key Responsibilities

• Conducts daily sales calls with prospective customers by introducing the Company, developing a profile, providing a value proposition, and documenting the results within the Company client relationship management tool
• Conducts frequent communiques (i.e., telephone, electronic mail, etc.) with established/previous customers to see where additional opportunities exist for an expansion of business, and documenting the results within the Company client relationship management tool
• Generates mortgage submissions that are offered by the Company (e.g., Federal Housing Administration (FHA)/Conventional/United States Department of Agriculture(USDA)/Rural Development (RD), Jumbo, etc.) by working with customers and matching the appropriate product with their needs
• Provides information relevant to the risks and benefits of each program the applicant is qualified for; effectively explain and communicate the terms of each product and ensure all documents necessary are signed by the borrower
• Gathers all initial documentation required (e.g., 1003, paystubs, W-2’s, asset statements, etc.) based upon the customer’s selected loan program and inputs into the Company proprietary system
• Takes thorough and complete loan applications by analyzing and prequalifying the applicant information to determine the viability of the customer’s desired loan program
• Pulls credit, analyzes credit, and compares for accuracy with the mortgage borrower’s statements
• Actively seeks opportunities to stay informed on trends and developments in the real estate market, as well as changing rules and regulations pertaining to both conventional and government-insured mortgages
• Other responsibilities, as assigned.

Preferred Skills, Knowledge and Expertise

• State Mortgage Broker License
• Three (3) + years experience in a similar, successful mortgages sales role
• Intermediate knowledge of Agency Guidelines
• Ability to positively project the company

Benefits

We are committed to supporting the overall well-being of our team members through a comprehensive benefits program. All full time team members have access to medical, dental, and vision coverage, along with Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) to help manage healthcare expenses. We also provide company-paid life insurance in addition to our 401(k) retirement plan with company match to help you plan for the future.