Mortgage Loan Officer

Loan Factory; San Jose (CA); Remote; USD 50,000 - 150,000; Full time

Job summary

An established industry player is seeking a motivated Mortgage Loan Officer to join their remote team. In this role, you will leverage your analytical skills and MLO license to assist clients in navigating the mortgage lending process. You'll build meaningful relationships while providing exceptional service and ensuring compliance with regulations. This position offers the flexibility to choose your hours and operate independently, with the potential for significant commission earnings. The company fosters a supportive culture, providing robust technology tools and marketing support to help you succeed in your career. If you're ready to take charge of your financial future and thrive in a commission-based environment, this opportunity is perfect for you.

Benefits

Free technology platform

Free G-Suite

Free marketing support

Live Zoom support

Flexible hours

Training and mentorship

No junk fees

Commission up to 250 bps

Qualifications

• Active mortgage loan originator license required.
• Strong analytical and communication skills are essential.

Responsibilities

• Assist clients in securing mortgage loans and navigating the lending process.
• Evaluate credit histories and explain mortgage terms to borrowers.

Skills

Analytical Skills

Critical Thinking

Attention to Detail

Time Management

Written Communication

Verbal Communication

Education

MLO License

Tools

CRM

LOS

Pricing Engine

Rate Alerts

Job description

Our Mortgage Loan Officer will be knowledgeable of the market, market trends, and the latest mortgage products. He or she will work closely with our team to help clients achieve their financial goals and make one-on-one connections to build relationships with clients. As a Mortgage Loan Officer, you will be responsible for assisting clients in securing mortgage loans and navigating the mortgage lending process. Your day-to-day tasks will include following up with clients and referral partners, completing loan applications and structuring loans, providing exceptional customer service, and ensuring compliance with lending regulations. There is no base pay for this role and compensation is based on commission. NMLS license required.

This will be a REMOTE position. Commission pay only.

Expected hours: 10 – 60 per week

Perks and Benefits:

• Robust, user-friendly technology platform completely free (CRM, LOS, Pricing Engine, Rate Alerts, and so much more)
• Free G-Suite and Internal Chat Support
• Free MChat (Chat GPT for Loan Officers and Real Estate Agents)
• Live Zoom support for Loan Officers for underwriting, loan structure, and scenarios
• Free marketing support & weekly marketing materials with your contact information
• No junk fees, tech fees, or production quotas
• 100% commission minus a flat fee of $595 and $500 for processing
• Extremely competitive pricing
• Company culture you can feel good about. Leadership who listens and makes positive changes quickly
• 1099 or W2 options depending on your state - Full or part-time
• Commissions up to 250 bps - you choose your pricing
• Training and mentorship are available

License/Certification:

• MLO License (Required)

Requirements:

• Active mortgage loan originator (MLO) license in the state(s) you operate.
• Any level of experience is welcome
• Strong analytical and critical thinking skills
• Excellent attention to detail and time management skills
• Strong written and verbal communication skills
• Ability to work remotely and independently while maintaining a high level of productivity and accountability.

Responsibilities:

• Discover prospective borrowers for loans.
• Evaluate credit histories and develop credit profiles for prospective borrowers.
• Explain mortgage terms, costs and risks to prospective borrowers.
• Estimate the value of homes being purchased using appraisal methods.
• Identify and manage borrower mortgage loan application risks.

Salary: $50,000.00 - $150,000.00 per year

Schedule:

• Choose your own hours

Supplemental pay types:

• Bonus opportunities
• Commission pay

Experience:

• NMLS ID (Must)
• Sales: 1 year (Preferred)

Application Question(s):

• This is a commission-only job. Are you okay with that?

Work Location: Remote (must be licensed in 48 states that Loan Factory sponsors)

Seniority level

• Entry level

Employment type

• Full-time

Job function

• Finance and Sales