Mtge Home Ln Advisor

First Bank; San Mateo (CA); On-site; USD 60,000 - 120,000; Full time

Job summary

First Bank is seeking a Mortgage Home Loan Advisor (Commission-Only) who spends more than 80% of time outside the office, enjoying meeting new people and helping them finance a home.

You will source leads, meet with borrowers to obtain loan applications, explain processes, and coordinate closing. You will work with processors and underwriters to move applications forward and adapt to underwriting conditions. This role offers commission-based earnings for performance.

Responsibilities

• 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

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