Mtge Home Ln Advisor

First Bank; Newport Beach (CA); On-site; USD 100,000 - 180,000; Full time

Job summary

First Bank is seeking a Mortgage Home Loan Advisor who spends the majority of time outside the office, meeting new clients and guiding them through home financing. The role focuses on sourcing leads, meeting with borrowers, and coordinating loan submissions with underwriters to move deals toward closing.

As a commission-only position, you will work directly with borrowers and processors, advising on underwriting outcomes and exploring alternative programs if needed, to help clients secure

Responsibilities

• Sourcing leads for mortgage home loans
• Meet with prospective borrowers to obtain loan applications, explain the application process, fees involved, and available programs
• Analyze borrowers' financial status (income and debt) by collecting required paperwork for loan submission and notifying borrower of credit reports/appraisals
• Submit completed applications and coordinate with underwriters to resolve mortgage submission concerns
• Advise borrowers on underwriting decisions and ensure underwriting conditions are met
• Assist borrowers and the processor if a loan is denied to explore alternative programs
• Coordinate loan closing, escrow signing, ordering of loan documents, and help borrowers through closing process

Job description

Mortgage Home Loan Advisor (Commission-Only)

Do you hate sitting in an office all day? This position actually requires that you spend more than 80% of your time outside of your office. Like meeting new people and helping people to finance a new home? Read further to check out this opportunity.

What You Will Be Doing

• Sourcing leads for mortgage home loans


• Meet with perspective borrowers to obtain loan applications, explain application process, fees involved, and different programs available, etc.


• Analyze perspective borrowers' financial status (income and debt) by obtaining required paperwork needed for loan submission and to notify borrower of credit report/appraisals ordered to determine feasibility of making a mortgage loan


• Submit completed applications and confer with underwriters to aid in resolving mortgage application concerns


• Advise borrowers of underwriting decisions, work with the borrower and underwriter to ensure all underwriting conditions are met


• Work with both the processor and borrower, if loan is denied, about reconstructing loan under a different program


• Coordinate loan closing, escrow signing, ordering of loan documents and assisting borrowers in the closing process