Outside Loan Originator

Interlinc Mortgage Services; Plano (TX); On-site; USD 60,000 - 100,000; Full time

Job summary

InterLinc Mortgage is seeking an Outside Loan Originator to secure residential mortgage loans and educate borrowers on loan choices. The role involves traveling to meet clients and collaborating with real estate professionals to grow the business.

The candidate should understand agency guidelines, TRID and RESPA, with a track record in originating loans and maintaining compliance. This position emphasizes relationship-building and timely loan closures.

Qualifications

• High school diploma required; knowledge of mortgage guidelines and federal banking laws.
• NMLS license required for eligibility.
• Experience in originating loans and handling loan processes is preferred.

Responsibilities

• Engage in sale of mortgage loan products to residential customers.
• Build relationships with realtors, builders and title companies to generate business.
• Identify borrowers' creditworthiness via reports and income verification.
• Counsel borrowers on loan programs and educate on mortgage process.
• Originate loans, including pricing and locking, and disclose LE documents timely.
• Maintain knowledge of agency guidelines and ensure timely submissions and closings.

Skills

Mortgage sales

Relationship building

Lead generation

Education

High school diploma

Bachelor's degree

Job description

Job DetailsJob Location: Plano, TX 75024

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.

QualificationsRequired 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.