Mortgage Loan Originator

itsQuest Inc.; Lubbock (TX); On-site; USD 53,000 - 90,000; Full time

Job summary

ITSQuest is actively seeking an experienced Mortgage Loan Originator in Lubbock, TX. The role involves interviewing and qualifying members for mortgage products, coordinating with lenders, and ensuring timely documentation and closing processes.

Must be local to the Lubbock area and able to travel to El Paso as needed. Candidate should possess strong knowledge of mortgage servicing, regulatory compliance, and ability to manage a robust loan pipeline while delivering quality customer service and

Qualifications

• High School diploma or equivalent plus relevant coursework or experience.
• Ability to close up to 80 loans per year or $12,000,000 in volume.
• Pass national criminal history background check and licensing requirements.

Responsibilities

• Interview and qualify members for mortgage products.
• Assist with mortgage product expertise and documentation.
• Coordinate appraisals, surveys and insurance documents.
• Review and submit loan requests for underwriting and approvals.
• Enter and monitor loan pipeline and respond promptly to member inquiries.
• Coordinate closing dates with members, title companies and agents.
• Perform notary services and assist in training branch staff.

Skills

Interviewing

Qualifying

Mortgage products

Notary services

Closing coordination

Regulatory compliance

Sales & marketing

Education

High School diploma

Post-secondary technical coursework

Tools

Loan origination software

Job description

ITSQuest is recruiting for an experience Mortgage Loan Originator to join a new financial Institution in the Lubbock, TX. Candidate must be local to the Lubbock area.

Pay Ranges from $25.52-$49.45/Hr plus commission!

Work Schedule: Mon – Fri 9:00 a.m. – 6:00 p.m.

BASIC RESPONSIBILITIES

Responsible for the interviewing and qualifying of members for mortgage products.

TYPICAL DUTIES

• -Assists the Loan Department with required technical expertise with regard to mortgage products.
• -Conducts face to face and over the phone interviews to assist both members/realtors with mortgage applications.
• -Ensures all necessary documents are completed according to the guidelines of a specified product and orders necessary documents to include appraisals, surveys and insurance.
• -Reviews and submits loan requests with recommendations for manual underwriting and screens all referrals.
• -Sends Adverse Action Notice as required by federal law to members who do not meet loan program guidelines.
• -Maintains contact with members and realtors throughout the loan process and returns all calls within a timely response.
• -Coordinates closing dates with members, title companies and agents.
• -Basic knowledge of Mortgage Loan Servicing to include participation during escrow analysis.
• -Performs notary services.
• -Maintains a clean pipeline.
• -Reviews loan quoter/web applications and submits for approval.
• -Interacts with investors to provide members with niche products and government loans.
• -Attends various schools, seminars and workshops as may be necessary to maintain adequate knowledge of on-going changes in the industry.
• -Assist business development officer with home buying seminars and helps to establish good business relationships with the realtor’s by participating in mortgage associations and helping with realtor seminars, open house and presentations.
• -Assists in training MSSO’s from designated branches on quarterly basis.
• -Cross-sells other products as well as services offered by MFS.
• -Must be willing to travel to El Paso, TX as needed.

Maintain and understand compliance to ensure that work complies with the established policies, procedures and applicable regulations, to include Bank Secrecy Act (BSA), Anti-Money Laundering Act (AML) addressing Money Laundering and the Countering the Financing of Terrorism (CFT), Member Identification Program (MIP), and Office of Foreign Asset Control (OFAC).

CRITICAL KNOWLEDGE, SKILL AND EDUCATIONAL REQUIREMENTS

• -High School diploma and additional post secondary technical course work or equivalent with three years similar or related experience.
• -Must be able to maintain up to 80 loans closed per year or up to $12,000,000 in loan volume consistently for at least a period of 12 months.

Required to meet all State and National licensing minimum standards; must meet required minimal education requirements for initial licensing and continued annual education; must pass national criminal history background check.

• -Complete and comprehensive knowledge of Texas and New Mexico Real Estate Law.
• -Complete and comprehensive knowledge of Title Insurance Law.
• -Extensive knowledge of Regulations governing real estate regulations; C, Z, and Fair Debt Collection Practices Act.
• -In depth knowledge of Down Payment Assisted Programs.
• -Comprehensive, in-depth knowledge of real estate loan policies, mortgage loan documentation, mortgage loan forms, contracts and interest rates.
• -Comprehensive knowledge of conventional and government underwriting guidelines.
• -Comprehensive knowledge of loan origination software.
• -Good communication skills, both written and oral.
• -Good sales and marketing skills.
• -Good clerical skills, typing, 10-key, working knowledge of PC and business calculator.

Requires sitting the majority of the day, lifting up to 10 pounds frequently, lifting up to 20 pounds, bending, squatting, climbing, twisting and reaching above and below shoulder level occasionally

PRIMARY RESPONSIBILITY

Providing quality service is the primary responsibility of this position.Quality service means treating members and coworkers with respect and courtesy at all levels whether in person or by telephone as outlined in the Employee Handbook.