Loan Specialists

Maharaja Enterprises; Dallas (GA); Remote; USD 60,000 - 120,000; Full time

Benefits offered by this job

Commission based pay

Employee assistance program

Work from home option

Commission pay

Job summary

A mortgage service provider is seeking a Mortgage Loan Originator Specialist in Dallas, GA. The role involves managing client relationships, guiding borrowers through the loan application process, and generating leads. Candidates should have experience or strong knowledge of mortgage products. The position offers commission-based pay, flexible hours with remote work options, and a comprehensive support system for new loan originators.

Qualifications

• Experience as a Mortgage Loan Originator or similar role.
• Strong knowledge of mortgage products, including conventional loans, FHA loans, VA loans.
• Excellent math skills for calculating loan amounts.
• Excellent math skills for calculating loan amounts, interest rates, and monthly payments.
• Proficient in using 10-key typing for accurate data entry.
• Ability to read and interpret complex financial documents, such as tax returns and bank statements.
• Strong communication skills to effectively explain loan options and requirements to borrowers.
• Detail-oriented with the ability to review contracts and identify potential issues or discrepancies.

Responsibilities

• Build and maintain relationships with clients.
• Guide borrowers through the loan application process.
• Evaluate borrowers' financial profiles for eligibility.
• Evaluate borrowers' financial profiles and provide pre-qualification and pre-approval letters.
• Stay up-to-date with mortgage products, interest rates, and lending guidelines and educate borrowers on loan options.
• Analyze borrowers' financial information to assess creditworthiness and assist in finding suitable loan solutions.
• Prepare loan packages and submit applications to underwriting for approval; coordinate with internal teams for timely closings.
• Act as a point of contact for borrowers and provide regular updates throughout the process.
• Adhere to lending regulations and ensure compliance with laws and regulations.
• Develop relationships with new referral sources and implement marketing strategies.
• Meet or exceed sales goals and maintain accurate records; provide regular reports to management.
• Stay informed about industry trends and opportunities for professional development.

Skills

Client Relationship Management

Lead Generation

Loan Application Process

Financial Analysis

Communication Skills

Financial document analysis

Communication skills

Attention to detail

Education

Experience as a Mortgage Loan Originator

Strong knowledge of mortgage products

Job description

IT'S TIME FOR A CHANGE, START 2024 OFF THE RIGHT WAY

Commission Based Pay: 2 points per funding secured

Mortgage Loan Originator Specialist (Full-time/Part-time)

As a Mortgage Loan Originator Specialist at Maharaja Enterprises, your responsibilities will include:

• Client Relationship Management: Build and maintain strong relationships with clients, including borrowers, real estate agents, and other industry professionals.
• Lead Generation: Generate leads for mortgage loan origination through various channels, including networking, referrals, and marketing strategies.
• Loan Application Process: Guide borrowers through the mortgage loan application process, including collecting necessary documentation, assisting with the completion of application forms, and ensuring compliance with lending requirements.
• Pre-Qualification and Pre-Approval: Evaluate borrowers' financial profiles, review credit reports, income documents, and other relevant information to determine their eligibility for mortgage financing. Provide pre-qualification and pre-approval letters to qualified borrowers.
• Mortgage Product Knowledge: Stay up-to-date with the latest mortgage products, interest rates, and lending guidelines. Educate borrowers on the different loan options available and help them select the most suitable mortgage program for their needs.
• Financial Analysis: Analyze borrowers' financial information, including income, assets, and debts, to assess their creditworthiness and ability to repay the loan. Make recommendations based on the analysis and assist in finding suitable loan solutions.
• Loan Origination and Documentation: Prepare loan packages, including completed applications, credit reports, income documentation, and other required forms. Submit loan applications to underwriting for approval and ensure all necessary documents are in order.
• Communication and Support: Act as a point of contact for borrowers throughout the loan origination process, providing regular updates, answering questions, and addressing any concerns. Coordinate with internal teams, such as underwriters and processors, to ensure a smooth and timely loan closing.
• Compliance and Regulations: Adhere to all applicable lending regulations, including those set by federal, state, and local authorities. Ensure that all loan origination activities are in compliance with the relevant laws and regulations.
• Sales and Business Development: Continuously seek opportunities to expand Maharaja Enterprises' mortgage loan origination business by developing relationships with new referral sources, attending industry events, and implementing marketing strategies.
• Performance Metrics: Meet or exceed sales goals and performance targets set by the company. Maintain accurate records of loan origination activities and provide regular reports to management.
• Professional Development: Stay informed about industry trends, changes in lending practices, and new mortgage loan programs. Continuously enhance knowledge and skills through training, workshops, and professional development opportunities.

Experience & Qualifications

• Experience as a Mortgage Loan Originator or similar role.
• Strong knowledge of mortgage products, including conventional loans, FHA loans, VA loans, and jumbo loans.
• Familiarity with escrow processes and procedures.
• Excellent math skills for calculating loan amounts, interest rates, and monthly payments.
• Proficient in using 10-key typing for accurate data entry.
• Ability to read and interpret complex financial documents, such as tax returns and bank statements.
• Strong communication skills to effectively explain loan options and requirements to borrowers.
• Detail-oriented with the ability to review contracts and identify potential issues or discrepancies.

Compensation & Benefits

Commission based with unlimited earning potential. Access to a daily sales training program, a comprehensive lead system, and a support team to help you succeed.

• Employee assistance program
• Work from home
• No experience needed (though prior loan origination is preferred)
• Commission pay

Schedule & Work Location

• Choose your own hours
• Monday to Friday (weekend availability optional)
• 10 hour, 12 hour, 4 hour, or 8 hour shifts available based on preference
• Remote work

How to Apply

We are looking forward to receiving your application. If you are entrepreneurial, self-motivated, and ready to commit to growth, please fill out our application

Job City: Dallas, GA. State: Georgia. Country: USA. Job Name: Loan Specialist