Mortgage Loan Officer

Summit Mortgage Corporation; Minneapolis (MN); On-site; USD 50,000 - 80,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

401k options

Job summary

Summit Mortgage Corporation is looking for licensed Mortgage Loan Officers to join our team at corporate headquarters in Plymouth, MN, and across our Multi-State branches.

The Loan Officer will develop loan applications and provide excellent customer service while working within the community. Success is supported with marketing tools and dedicated staff.

Benefits include health, dental, vision, and 401k options.

Qualifications

• Two years of mortgage loan origination experience preferred.
• Knowledge of FHLMC and/or FNMA and FHA/VA requirements.

Responsibilities

• Develop lending relationships with Realtors and builders.
• Engage in marketing activities to increase prospects.
• Lock loan terms with the end investor.
• Maintain contact with borrowers during the loan process.

Skills

Verbal and written communication skills

Customer service skills

Prioritization and organization

Typing speed at least 50 wpm

Education

Associate's degree or 2 years of related work experience

Licensed as a SAFE Act compliant Mortgage Loan Originator

Job description

Job Description

Summit Mortgage Corporation is looking and hiring licensed Mortgage Loan Officers now at our corporate headquarters in Plymouth, MN and at any of our Multi‑State branches. The Loan Officer will develop loan applications by evaluating applicant information and documentation, developing relationships within the community, and producing high quality loans while providing excellent customer service.

Pay Transparency: Compensation for this position is primarily commission based where your production and performance will determine earning potential.

At Summit – we know what really makes originators happy and want to provide you with the tools and operations to succeed.

• We promise to onboard you cleanly and quickly and get you up and running FAST at Summit.
• We promise to provide you with top marketing tools, and dedicated support staff to help you implement. MBS Highway, BombBomb, Surefire, MMI – you name it, we have it. And it’s paid top of house.
• We promise to provide best‑in‑class fulfillment of your loans – with dedicated, seasoned in‑house operations staff and managers. Always available to take your call when needed.
• We promise you will have smooth closings, happy realtors and clients, and will earn more referrals as a result.

And lastly, we promise you will enjoy working at Summit.

Summit Mortgage offers health, dental, vision, life, and 401k options.

Summit is licensed in these states currently and is growing: AZ, CA, CO, DE, FL, GA, IA, ID, IL, IN, LA, MD, MI, MN, MT, NJ, NC, ND, OR, PA, SC, SD, TX, UT, VA, WA, WI, WY.

Summary

The Loan Officer will develop loan applications by evaluating applicant information and documentation, developing relationships within the community, and producing high quality loans while providing excellent customer service.

Responsibilities

This description does not represent a complete list of all the performance expectations and characteristics of individuals required to perform this position accurately. Summit Mortgage Corporation reserves the right to change this description as needed to meet the needs of the business.

• Develop lending relationships with Realtors, builders, developers, and other sources of loan referrals to generate loan volume within the market area
• Meet with potential customers
• Engage in marketing and promotional activities to increase prospects
• Obtain required documentation from prospective borrowers
• Lock loan terms with the end investor when the prospective borrower agrees on the loan product and terms
• Maintain regular contact with the prospective borrower between application, closing, and final sale to the investor to apprise the prospective borrower of the status of the application and gather any additional information as needed; attend loan closings
• Comply with mortgage procedures by maintaining accurate mortgage records and following Summit Mortgage, regulatory, and investor guidelines
• Stay abreast of trends and developments in the local real estate market and the competitive environment, as well as new rules and regulations pertaining to both private‑ and government‑insured mortgages
• Maintain a professional image and standards consistent with Summit Mortgage policies and procedures

Requirements

To perform this position successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

• Associate's degree or 2 years of related work experience in lieu of a degree
• Two years of mortgage loan origination experience preferred
• Licensed as a SAFE Act compliant Mortgage Loan Originator
• Ability to type at least 50 wpm with a high degree of accuracy (90% or better)
• Knowledge of FHLMC and/or FNMA and FHA/VA and private mortgage insurance requirements
• Strong verbal and written communication skills
• Demonstrated customer service skills with a strong ability to take initiative and stay motivated
• Effective prioritization and organization skills
• Ability to work effectively under time constraints and have work flexibility