Outside Loan Originator

American Neighborhood Mortgage Acceptance Company; Eden Prairie (MN); On-site; USD 13,500 - 65,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision plan

401K

Job summary

AnnieMac Home Mortgage in Eden Prairie, MN is hiring a full‑time sales professional to originate mortgage loans outside the company’s offices, with travel 80%.

You will build relationships with realtors and other partners, guide borrowers through applications, explain loan options, and manage the process from pre‑qualification to closing, while meeting licensing and underwriting requirements and maintaining regulatory compliance.

Qualifications

• Must have appropriate state license or certificate (varies by state).
• Thorough knowledge of pricing and underwriting requirements of various mortgage insurance companies.
• Familiar with credit underwriting and property eligibility requirements for FNMA, FHLMC, FHA, VA, local bonding programs and private investors.
• Knowledge of local, state and national laws (e.g., Truth-in-Lending, RESPA).
• Excellent communication skills and the ability to analyze financial information.

Responsibilities

• Sell mortgage loans to customers away from AnnieMac Home Mortgages offices; travel 80% of the time.
• Generate new business by building relationships with realtors, real estate agents, title/escrow officers, financial advisers, CPAs, and others.
• Attend closings and open houses; conduct lead-generating activities.
• Take borrower information and fill out loan applications.
• Develop referral partnerships to generate new customers.
• Analyze borrowers' income and debt; pre-qualify mortgage amounts.

Skills

Sales skills

Interpersonal skills

Communication

Education

High School diploma

Job description

Job Details

Job Location: 4860 Eden Prairie, MN 55344
Position Type: Full Time
Education Level: High School
Salary Range: $13,500.00 - $65,000.00
Commission: Travel Percentage: Road Warrior
Job Category: Sales

Responsibilities

• Primary duty is to sell mortgage loans to customers away from and outside of AnnieMac Home Mortgages places of business. Work done at AnnieMac Home Mortgages offices is related and supplemental to outside sales.
• Generate new business by building and maintaining relationships with realtors, real estate agents, title and escrow officers, financial advisers, CPAs, and other relevant professionals.
• Regularly participate in mortgage sales including, but not limited to, attending closings and open houses, and conducting seminars and other lead‑generating activities.
• Take information from the borrower and fill out the loan application.
• Develop relationships with referral partners such as realtors to generate new customers.
• Analyze the prospective borrowers income and debt and pre‑qualify the prospective borrower to determine the maximum mortgage that the prospective borrower can afford.
• Counsel the prospective borrower in the home buying and financing process, advising the borrower about the different types of loan products available, and demonstrating how closing costs and monthly payments would vary under each product.
• Collect financial information (tax returns, bank statements) and other related documents that are part of the application process.
• Provide disclosures to the borrower, including truth in lending, good faith estimate, and others.
• Counsel and advise the borrower in understanding and clearing credit problems.
• Maintain regular contact with the borrower, realtors, and the lender, between application and closing to apprise them of the status of the application and to gather any additional information as needed.
• Order legal documents.
• Review HUDS prior to closing.

Qualifications

• Must have appropriate state license or certificate (varies by state).
• Must have a thorough knowledge of pricing and underwriting requirements of various mortgage insurance companies.
• Must have a working knowledge of credit underwriting and property eligibility requirements for FNMA, FHLMC, FHA, VA, local bonding programs and private investors.
• Must be familiar with local, state and national laws (e.g., zoning ordinances, Truth-in Lending, RESPA, energy audit requirements, etc.).
• Must have excellent communication skills and the ability to analyze financial information.
• Must be a sales‑oriented self-starter.

Work Environment / Physical Demands

Travel is required 80% of the time.

Benefits

Provides medical, dental and vision plans, along with voluntary benefits including 401K.

Equal Opportunity

AnnieMac Home Mortgage is an Equal Opportunity Employer.

AnnieMac Home Mortgage participates in E-Verify.