Mortgage Loan Originator

Talentify; Grand Rapids (MI); On-site; USD 55,000 - 95,000; Full time

Job summary

Onsite Mortgage Loan Originator position sources mortgage loans through referral partners, retail banking branches, and internal departments. You self-source leads, convert them into applications, present mortgage options, and ensure timely closing.

Responsibilities include building a referral network, preparing applications, and coordinating with internal teams to deliver excellent customer experience and ongoing relationship servicing.

Qualifications

• 2+ years of residential mortgage originations; 4 years preferred.
• Must have an established referral network for mortgage leads.
• Experience using loan origination software and MS Office.
• Strong knowledge of Conventional and Government (FHA, VA, USDA) programs.
• Bachelor's degree or equivalent experience.
• Must have or obtain Mortgage Loan Originator License with NMLS.
• Must be trained in all areas of mortgage lending.
• Continuing education as required by employer and industry.

Responsibilities

• Consistently achieves monthly loan production as specified in the MLO Agreement.
• Generates new business to meet profitability goals.
• Develops and maintains a growth plan for this business area.
• Networks with branches, internal departments, realtors, builders, and referral sources to generate mortgage leads.
• Evaluates customer needs and offers appropriate mortgage products or referrals.
• Prepares mortgage applications and information for processing.
• Ensures completeness of loan documentation.
• Oversees timely closing and funding of loans.
• Provides ongoing servicing to current mortgage customers to maintain goodwill.
• Responds to mortgage inquiries and cross-sells bank products as appropriate.
• Provides data to support marketing and sales programs.
• Supports CRA loan initiatives with the sales manager.

Skills

Mortgage originations

Networking

LO Software

MS Office

Customer service

Education

Bachelor's degree

Tools

Loan Origination Software

Job description

Onsite Description:

• As a Client Mortgage Loan Originator, you will originate mortgage loans sourced through your established referral partners, our retail banking branches, internal departments, and marketing efforts to builders, realtors, and other referral sources.
• The position will be required to self-source mortgage leads, convert into applications, present personalized mortgage products and solutions to potential customers, produce required disclosures, procure intent to proceed, collect borrower documents needed to satisfy loan conditions, and work with internal departments to ensure a superior customer experience and timely loan closing.

Essential Functions/Responsibilities:

• Consistently achieves monthly loan production volume as specified in the MLO Agreement.
• Generates new business to assist in meeting established profitability goals.
• Responsible for developing and maintaining business plan for growth of this business area.
• Networks with assigned bank branches, internal departments, employees, local organizations/businesses, realtors, builders, and other referral sources to generate mortgage leads.
• Evaluates needs of potential customers and offers appropriate mortgage products and services, or provides referral to appropriate specialist within the Bank.
• Prepares and compiles mortgage application and information for processing of mortgage loan applications generated.
• Ensures completeness of loan documentation.
• Oversees timely closing and funding of loans.
• Provides ongoing relationship servicing with current mortgage customers to maintain goodwill and gain additional business.
• Responds to mortgage inquiries and requests regarding accounts from assigned branches. Promotes and cross-sells other bank products and services as appropriate to customer requirements.
• Provides data to support marketing and sales promotion programs.
• Works directly with sales manager to assist with CRA loan initiatives in local market.

Minimum Knowledge, Skills, and Abilities Needed to Perform Essential Functions of the Job:

• Minimum of 2 years' experience originating residential mortgages, 4 years preferred.
• Must have existing referral network established to provide mortgage leads.
• Must have prior experience using loan originating software and MS Office products.
• Strong product knowledge and underwriting requirements for Conventional and Government (FHA, VA, USDA) mortgage programs.
• Bachelor's degree (B.A.) from four-year college or university; or four years related experience and/or training; or equivalent combination of education and experience.
• Must have or ability to obtain Mortgage Loan Originator License with NMLS.
• Must be trained in all areas of mortgage lending.
• Must maintain employer and industry required continuing education.

Compliance Statement:

• The associate is responsible for meeting all compliance requirements imposed on Client by State and Federal law and regulation, as well as all related Client policies and procedures.
• This includes all Bank Secrecy Act, Anti-Money Laundering, OFAC and Suspicious Activity reporting requirements, as well as all other lending and deposit compliance requirements.