Outside Loan Originator

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

Benefits offered by this job

Medical, dental and vision plans

Voluntary benefits

401K

Job summary

AnnieMac Home Mortgage, located at 3470 Philadelphia PA, is seeking a full-time Mortgage Sales Representative to build relationships with realtors and customers while outside sales activities account for the majority of work. You will travel to client sites, attend closings and open houses, and guide borrowers through the loan process from pre-qualification to closing.

The role requires High School education, strong communication and analytical skills, and the ability to work independently in a

Qualifications

• Must have excellent communication skills and the ability to analyze financial information.
• Strong sales mindset with a self-starter attitude.
• Experience in mortgage sales or related financial services is a plus.
• Knowledge of mortgage products, pricing, and underwriting guidelines is preferred.
• Ability to work independently and travel frequently.

Responsibilities

• Sell mortgage loans to customers away from AnnieMac offices; outside sales emphasis.
• Generate new business by fostering relationships with realtors, title/escrow officers, and advisors.
• Attend closings, open houses, and lead-generating seminars.
• Take borrower information and complete loan applications.
• Develop referrals through realtors to acquire new customers.
• Assess income and debt to pre-qualify maximum affordable mortgage.
• Counsel borrowers on loan products and explain costs and payments.
• Collect tax returns, bank statements, and other application documents.
• Provide disclosures such as Truth in Lending and Good Faith Estimate.
• Advise borrowers on credit issues and clearance strategies.
• Maintain contact with borrowers, realtors, and lender through process.
• Order legal documents as needed.
• Review HUD-1 settlements prior to closing.

Skills

Excellent communication

Analytical skills

Sales oriented

Education

High School

Job description

Job Details

Location: 3470 Philadelphia PA - Philadelphia, PA 19114

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

AnnieMac Home Mortgage offers a wide range of benefits, including 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.***