Outside Loan Originator

American Neighborhood Mortgage Acceptance Company; Latham (NY); On-site; USD 14,000 - 65,000; Full time

Benefits offered by this job

Medical, dental and vision plans

401K

Voluntary benefits

Job summary

AnnieMac Home Mortgage is seeking Full Time External Mortgage Loan Originators to establish referral relationships for a steady flow of loan volume from real estate brokers and other external sources. Candidates should have experience directly related to the Mortgage Industry.

Work involves traveling to real estate offices, closings, and seminars, while building a network of referral partners to generate new customers and close loans.

Qualifications

• Must have appropriate state license or certificate (varies by state).
• Thorough knowledge of pricing and underwriting requirements of mortgage insurers.
• Working knowledge of credit underwriting and property eligibility for FNMA/FHLMC/FHA/VA and investors.
• Familiar with local, state and national laws (e.g. Truth-in-Lending, RESPA).
• Excellent communication skills and the ability to analyze financial information.
• Sales-oriented self-starter.

Responsibilities

• Primary duty is to sell mortgage loans away from AnnieMac offices; sales support overall.
• Generate new business by building and maintaining realtors, title/escrow officers, CPAs and advisers relationships.
• Attend closings, open houses, seminars and other lead-generating activities.
• Take borrower information and fill out the loan application.
• Develop referral partner relationships to generate customers.
• Analyze income and debt to pre-qualify borrowers for affordability.
• Counsel borrowers on loan products, costs, and monthly payments.
• Collect financial documents and provide disclosures (TIL, GFE, etc.).
• Maintain regular contact with borrowers and partners through process.
• Order legal documents and review HUDs prior to closing.

Skills

Communication skills

Analytical skills

Sales oriented

Mortgage license

Education

High School

Job description

Job DetailsJob Location: 3420 Latham NY - Latham, NY 12110Position Type: Full TimeEducation Level: High SchoolSalary Range: $13,500.00 - $65,000.00 CommissionTravel Percentage: Road WarriorJob Category: Sales

AnnieMac Home Mortgage is looking to hire Full Time External Mortgage Loan Originators to establish referral source relationships for a steady flow of loan volume from real estate brokers and other external sources. Candidates should have experience directly related to the Mortgage Industry.

Job 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.

AnnieMac Home Mortgage offers a wide range of benefits, including medical, dental and vision plans, along with voluntary benefits, including 401K.

***AnnieMac Home Mortgage is an Equal Opportunity Employer***

***AnnieMac Home Mortgage participates in E-Verify.***