Mortgage Loan Originator

PowerHouse Solutions, Inc.; New York (NY); On-site; USD 60,000 - 120,000; Full time

Job summary

PowerHouse Solutions, Inc. is seeking a Licensed Mortgage Loan Originator to guide clients through the mortgage process with enthusiasm and expertise, leveraging knowledge of loan origination, customer service, and sales to secure optimal mortgage solutions while ensuring regulatory compliance.

The role collaborates with underwriters and escrow teams to move loans to close, uses Encompass or similar software, and emphasizes accuracy, compliance, and clear communication with clients and

Qualifications

• Experience as a Loan Officer or Mortgage Loan Originator in financial services or banking.
• Familiarity with FNMA guidelines, underwriting procedures, and mortgage servicing operations.
• Knowledge of TILA regulations, Fair Housing laws, and basic math for credit analysis.

Responsibilities

• Assist clients in understanding mortgage options and loan programs including FNMA guidelines.
• Originate mortgage loans by gathering financial information and performing initial processing.
• Conduct negotiations to secure favorable terms while adhering to Fair Housing and TILA requirements.
• Collaborate with underwriters, escrow officers, and servicing teams to ensure smooth closings.
• Input data in Encompass or other mortgage software and manage loan pipelines.
• Perform basic math calculations and credit analysis for borrower eligibility.
• Maintain compliance with banking, mortgage servicing, and financial regulations.

Skills

Loan origination

Customer service

Sales ability

Communication skills

Tools

Encompass

Job description

Join our dynamic team as a Licensed Mortgage Loan Originator, where you will play a pivotal role in guiding clients through the mortgage process with enthusiasm and expertise. You will leverage your knowledge of loan origination, customer service, and sales to help clients secure the best mortgage solutions while ensuring compliance with industry regulations. Your proactive approach and negotiation skills will drive success in a fast paced, client-focused environment.

Duties

• Assist clients in understanding mortgage options and loan programs, including FNMA (Fannie Mae) guidelines and loan programs, to facilitate informed decision-making.
• Originate mortgage loans by gathering financial information, conducting credit analysis, and performing initial loan processing steps.
• Conduct thorough negotiations with clients to secure favorable terms while adhering to Fair Housing regulations and TILA (Truth in Lending Act) requirements.
• Collaborate with underwriters, escrow officers, and mortgage servicing teams to ensure smooth loan approval and closing processes.
• Utilize mortgage software such as Encompass or other financial software to input data accurately and manage loan pipelines efficiently.
• Perform basic math calculations and credit analysis to assess borrower eligibility and risk levels.
• Maintain compliance with all banking, mortgage servicing, and financial services regulations, including contracts and escrow procedures.

Experience

• Proven experience as a Loan Officer or Mortgage Loan Originator within the financial services or banking industry.
• Familiarity with FNMA guidelines, underwriting procedures, and mortgage servicing operations.
• Proficiency in mortgage-specific software such as Encompass or comparable financial software; experience with accounting software is a plus.
• Knowledge of TILA regulations, Fair Housing laws, and basic math skills necessary for credit analysis and contract review.
• Demonstrated ability to handle loan processing tasks efficiently while maintaining high standards of accuracy and compliance.
• Excellent communication skills to effectively explain complex financial concepts to clients and team members alike.