Loan Officer

SimplyPMG; Florida; On-site; USD 50,000 - 80,000; Full time

Benefits offered by this job

Competitive compensation package

Job summary

A financial services organization is seeking an Outside Loan Officer to originate mortgage loans primarily from external sources. The role requires thorough borrower education on financing options, compliance within established company guidelines, and achieving loan production targets. Successful candidates will have a valid NMLS license, previous mortgage experience, and exceptional relationship-building skills, particularly within the real estate sector. This position offers a competitive compensation package, reflecting the candidate's experience and background.

Qualifications

• Must meet deadlines effectively and reliably.
• Demonstrated history of exceeding sales goals.
• Ability to work under pressure with minimal supervision.

Responsibilities

• Source and origin mortgage loans from outside the office.
• Educate borrowers on financing options and processes.
• Qualify consumers and issue pre-approvals according to guidelines.
• Maintain regular contact with borrowers throughout the loan process.
• Collect and analyze financial documents for applications.

Skills

Knowledge of Freddie Mac (FHLMC)

Knowledge of Fannie Mae (FNMA)

Knowledge of FHA and VA processes

Excellent phone and service skills

Relationship building in real estate community

Sound judgment and decision-making skills

Education

Current license through NMLS

Two years mortgage or banking experience

Job description

Overview

The Outside Loan Officer’s primary role is to source, qualify and originate mortgage loans by working primarily outside the Company’s offices to solicit and obtain business from referral sources such as realtors, builders, financial service providers and others as well as borrowers directly.

Key Responsibilities

• Comply with outside sales and reporting obligations, duties, requirements and guidelines.
• Produce loans according to targets set by manager.
• Uphold the integrity of the brand.
• Must be familiar with originating loans.
• Properly qualify consumers and assure that you are issuing pre-approvals according to guidelines.
• Monitor loan pipeline through Lenders Office.
• Monitor productivity via reporting tools.
• Ensure compliance with all government and regulatory requirements.
• Loan Officer shall determine his or her hours of work.
• Loan Officers are not required to work any specific number of hours per week and when you do work it is at your discretion.
• Take information from the prospective borrower and complete the loan application form.
• Set yearly goals and attend meetings with manager.
• Educate borrowers and communicate regularly with borrowers, listing brokers and selling brokers.
• Analyze the prospective borrower’s income and debt and pre-qualify the prospective borrower to determine the maximum mortgage amount that the prospective borrower can afford.
• Educate the prospective borrower in the home buying and financing process, advise about different types of loan products available and demonstrate how closing costs and monthly payments could vary under each product.
• Maintain regular contact with the borrower, realtors and the Company between the time of the application and closing to apprise them of the status of the application and gather any additional information.
• Collect financial information (tax returns, bank statements) and other related documents that are part of the application process.
• Order in-file credit report when required by the Company.
• Determine whether the property is in a flood area, where required by the Company.
• Attend the closing of the mortgage loan, if requested by the company.
• Able to comply with the policies and procedures outlined in the Company handbook.
• Perform other duties as assigned.

Education/Experience

• Able to comply with the policies and procedures outlined in the Company Handbook.
• Must have a current license through NMLS and be in good standing.
• Knowledge of Freddie Mac (FHLMC), Fannie Mae (FNMA), FHA, and VA.
• Two (2) years prior mortgage or mortgage banking experience.
• Ability to deliver effective results and to meet deadlines.
• History of exceeding sales goals.
• Reliable transportation, valid driver’s license and current automotive insurance.
• Sound judgment and decision-making skills.
• Ability to work under pressure and meet deadlines with minimal supervision.
• Excellent phone and service skills.
• Develop and maintain relationships within the real estate community.
• Timely communication and response times according to department standards.

Travel

• As-needed travel internationally between United States and Mexico to meet business needs.

Language

• English preferred, Bi-Lingual (English/Spanish) desired.

Compensation

• PMG will offer a competitive compensation package commensurate with the background and experience of the applicant.

AAP/EEO Statement: Panorama Mortgage Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, physical or mental disability, protected veteran status, or any other characteristic protected by applicable federal, state law.