Loan Originator

Envoy Mortgage, LTD; California; On-site; USD 10,000 - 21,000; Full time

Job summary

Envoy Mortgage is seeking a proactive Loan Originator in California to originate residential mortgage loans and develop relationships with real estate agents, buyers and referral partners. You will collaborate with processing, underwriting and management to keep loan files moving smoothly.

We provide strong support, technology and a competitive commission structure for a non-exempt, full-time role that emphasizes customer service, regulatory compliance and production goals.

Qualifications

• 3+ years of experience as a Loan Originator, LOA or Processor; 5+ years preferred.
• Knowledge of mortgage loan products (FHA/VA/CONV/USDA) and processes.
• NMLS license required or able to obtain within 30–90 days.
• Strong communication andexcellent customer service skills.
• Proficient with Microsoft Excel, Word and Outlook; familiarity with origination systems.

Responsibilities

• Promote Envoy's mortgage products to real estate agents, buyers and referral sources.
• Prospect and procure new loan applications from potential referral sources.
• Educate borrowers on programs they qualify for and ensure compliance.
• Maintain data and documents in the origination system and monitor loan status.
• Coordinate with processing, underwriting and management to move loans forward.
• Gather required information and disclosures with processing and underwriting.
• Present complete files for approval and manage multiple files concurrently.

Skills

Customer service

Communication

Time management

Interpersonal skills

Self-motivated

Education

High school diploma or equivalent

Bachelor's degree preferred

Tools

Encompass

DU/DO

LP

DU

Job description

As a Loan Originator with Envoy Mortgage we provide you with a high standard of service, support and tools, with one goal in mind -- Improving Lives! By listening to our originators and leveraging our teams and resources, we create a work environment poised for success while remaining a competitive lender and employer in the mortgage industry. Through this business approach Envoy Mortgage has been awarded Top Mortgage Employer by Mortgage Professional, 50 Best Companies to Work for by Mortgage Executive Magazine, and the Top Tech Housing Award many years running.

Come join us, and be part of a team where your success, is our success!

General Summary

The Loan Originator provides residential mortgage loans and generates leads to increase production. The Originator obtains purchase and refinance mortgage loans in accordance with established company policies and procedures and industry guidelines by calling upon realtors; builders; past clients and referral partners; while providing strong communication and support to management, production staff, underwriting, and customers.

Duties and Responsibilities

• Promote Envoy's products to Real Estate Agents, Home Buyers, other lead sources and all referral sources.
• Prospect & procure new loan applications by meeting with and presenting products to potential referral sources such as realtors, CPAs, financial planners and past clients that result in funded loans
• Educate borrowers on current offerings and programs for which they qualify
• Ensure all marketing is performed in a manner that is compliant
• Create & maintain data from new loan applications and other documents in origination system
• Reviews loans in process daily and determine priorities
• Performs document audit and resolves exceptions to approve (or reject) loan packages for funding
• Receive & process Change of Circumstances (CoC) and resubmit loan package, ensuring compliance with Fannie Mae and Freddie Mac
• Re-disclose all new loans when there is a Change of Circumstance (CoC)
• Generate and distribute Decline/Rejection letters to borrows not meeting minimum requirements, in compliance with industry guidelines and regulations
• Authorize and/or order credit reports, appraisals, flood certifications, and title work
• Defers loans that do not meet basic standards to Underwriter
• Provides follow-up on a consistent basis with internal staff, borrowers, and agents to complete processing
• Analyzes loan files and submits completed loans for approval
• Responds to inquiries from agents/referral partners and borrowers regarding status of loans in process.
• Maintains status of all files in process and updates as needed; keeps abreast of all FHA, VA, and conventional guidelines and changes that may affect loan status
• Request and gather relevant information/documents from the borrower to complete the application, its structure and all loan disclosures, in coordination with processing as well as underwriting
• Monitor the process and communicate effectively with the borrower and all other parties to the transaction on the status of the loan
• Present complete and accurate files to the Processor
• Ensure maintenance of active NMLS license and stay current with required continuing education, new products, Freddie Mac and Fannie Mae guidelines, Envoy guidelines and overlays, and HUD guidelines
• Comply with local, state and federal laws regarding position
• Adhere to all Envoy standards, including, but not limited to production minimums and customer service
• Conduct business in an ethical manner and in the best interest of Envoy, with Envoy's core values in mind
• Stay current on personal finance principles in order to offer comprehensive mortgage advice to clients
• May work more than 50% of the time out the office, is non-exempt and primarily commission-based
• Any additional duties as assigned

Qualifications include:

• High school diploma or equivalent, Bachelor's degree is preferred
• 3+ years of experience as a Loan Originator, LOA or Processor, 5+ years preferred
• Knowledge of Microsoft Excel, Word and Outlook
• In-depth knowledge of mortgage loan products (FHA/VA/CONV/USDA) and knowledge of mortgage processes, procedures, and documentation
• Working knowledge / Proficiency in Desktop Underwriter/Desktop Originator (DU/DO), Loan Prospector (LP), and originating systems, Encompass experience preferred
• Exceptional follow-up, time management, interpersonal, and verbal and written communication skills
• Willingness to learn, self- motivated, social media savvy and a forward thinker
• Excellent customer service skills and working in a team environment
• Excellent interpersonal, verbal and written skills are a must
• Must be a self-starter who is reliable, detail oriented and the ability to resolve issues
• Strong relationship building a must, along with strong written and verbal communication skills
• Ability to analyze issues and create effective resolutions, while managing multiple projects at one time.
• Must have NMLS and SAFE, UST, preferred, or able to obtain applicable State NMLS license within 30 - 90 days of employment or employment will be terminated.

Physical Requirements

• The employee must occasionally lift and/or move up to 25 pounds
• Specific vision abilities required by this job include close vision
• While performing the duties of this job, the employee is regularly required to sit, use hands to finger, handle, or feel; reach with hands and arms; and talk or hear
• The employee is occasionally required to stand; walk; climb or balance and stoop, kneel, crouch or crawl

Job Type

Non-Exempt

Compensation

Regular Pay: $7.25 - $15.00/hour

Supplemental Pay: Commission Pay

Bonus Pay (eligible)

NOTE: The Pay Range indicated may vary based on skills, experience, and location once a candidate is selected.

We are an equal opportunity employer and value diversity. All employment is decided on the basis of qualifications, merit and business need. We are committed to creating an inclusive environment for all employees.

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in Envoy Mortgage’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.