Outside Loan Originator

Interlinc Mortgage Services; Katy (TX); On-site; USD 60,000 - 110,000; Full time

Job summary

InterLinc Mortgage Services is seeking an Outside Loan Originator to source and close residential mortgage loans from borrowers seeking to purchase or refinance real estate. This role requires frequent work away from the office to engage with real estate professionals and clients.

The candidate will counsel borrowers on suitable loan programs, review credit documents, and ensure timely disclosure of estimates and documents while maintaining compliance with guidelines and regulations.

Qualifications

• Requires knowledge of mortgage guidelines (TRID, TILA, RESPA, HMDA, FCRA, ECOA).
• High school diploma required; bachelor's degree preferred.

Responsibilities

• Engage in the sale of residential mortgage loan products.
• Build and maintain relationships with realtors, builders, title companies to generate business.
• Assess borrower creditworthiness by reviewing credit reports, tax returns and assets.
• Counsel borrowers on loan programs and educate them on the mortgage process.
• Originate loans, including pricing and locking, disclose Loan Estimates timely.
• Maintain current knowledge of agency and investor guidelines and banking laws.
• Follow up on leads and applications, ensure items meet deadlines.
• Provide superior customer service to achieve satisfaction.

Skills

Sales

Customer service

Communication

Relationship building

Time management

Education

High school diploma

Bachelor's degree

Tools

Encompass or LOS

Microsoft Excel

Microsoft Outlook

Microsoft Word

Job description

Job Details

• Level: Experienced
• Job Location: Katy, TX 77494
• Travel Percentage: Road Warrior
• Job Category: Sales

Summary/Objective

The Outside Loan Originator provides residential mortgage loans to borrowers looking to purchase real estate or refinance an existing mortgage and generates leads to increase production. An Outside Loan Originator works greater than 50% of the time away from the office.

Essential Duties

Reasonable accommodations may be made to enable individuals with disabilities to carry out essential functions.

• Responsible for engaging in the sale of mortgage loan products and services to residential mortgage customers.
• Establishes and maintains relationships with realtors, builders, title companies and other related companies to generate and expand business through the execution of marketing campaigns and promotional events. Hosts community education seminars for real estate professionals.
• Identifies the creditworthiness of borrowers by examining credit reports, tax returns and assets.
• Counsels borrowers on the appropriate loan programs and educates them on the mortgage loan process. Responds to customer questions and concerns.
• Originates mortgage loans, including pricing and locking pre-approved loan transactions. Discloses Loan Estimates and other necessary documents within the required timeframes.
• Maintains current knowledge of agency and investor guidelines as well as state and federal regulations.
• Follows up on leads, loan applications, missing items, and conditions. Ensures items are submitted prior to the service-level agreement deadlines.
• Updates borrowers and their agents on the status of loan applications.
• Oversees the production pipeline and resolves escalated issues to ensure loan transactions close correctly and in a timely manner.
• Provides superior customer service to achieve customer satisfaction.
• Diligently adheres to all provisions as detailed in Exhibit B of Employment Agreement.

Competencies

• Seeks out and develops business opportunities to increase loan production.
• Sets challenging goals and maintains the commitment to achieve loan production goals.
• Promotes organizational values and goals, and applies these principles to guide others.
• Communicates ideas in writing and orally in a clear, concise, and logical manner.
• Adheres to the guidelines, regulations, principles, and standards of mortgage industry.
• Builds strong rapport with internal and external customers, and determines means to increase customer satisfaction.
• Determines a sequence for completing tasks and the resources to do so. Prioritizes action steps, and anticipates the impacts and risks of decisions and actions.
• Demonstrates the ability to effectively use software programs, such as Microsoft Excel, Microsoft Outlook, Microsoft Word, and Encompass or a similar LOS program.

Required Education/Experience

Requires a high school diploma. Must possess working knowledge of Fannie Mae, Freddie Mac, FHA, VA, USDA, and investor guidelines and state and federal banking laws and regulations, such as TRID, TILA, RESPA, HMDA, FCRA, ECOA, SAFE Act, QM, UDAAP and Flood Disaster Protection.

Preferred Education/Experience

Preferable to have a bachelor's degree and many years of experience in originating loans. Must possess working knowledge of Fannie Mae, Freddie Mac, FHA, VA, USDA, and investor guidelines and state and federal banking laws and regulations, such as TRID, TILA, RESPA, HMDA, FCRA, ECOA, SAFE Act, QM, UDAAP and Flood Disaster Protection.

Additional Qualifications for Eligibility

• Additional qualifications for eligibility include an NMLS license.

InterLinc Mortgage is an EEO company.