Outside Loan Originator

Interlinc Mortgage Services; Scottsburg (IN); On-site; USD 60,000 - 120,000; Full time

Job summary

InterLinc Mortgage Services is seeking an Outside Loan Originator to provide residential mortgage loans for home purchases or refinances. The role involves traveling away from the office more than 50% of the time to meet clients and close loans.

The candidate will engage in selling loan products, build relationships with realtors and title companies, and guide borrowers through the loan process while ensuring compliance with guidelines and deadlines.

Qualifications

• Requires high school diploma or equivalent.
• Knowledge of Fannie/Freddie guidelines and TRID/RESPA basics is expected.
• NMLS license is preferred or required depending on state and role.

Responsibilities

• Engage in sale of residential mortgage loan products to borrowers.
• Develop and maintain relationships with realtors, builders, title companies, and related entities.
• Educate borrowers on loan programs and the mortgage process, answer questions.
• Originate loans including pricing and lock, disclose estimates within required deadlines.
• Maintain knowledge of agency/investor guidelines and banking laws/regulations.
• Manage pipeline, follow up on applications, and ensure timely closings.

Skills

Mortgage sales

Customer relationships

Lead generation

Education

High school diploma

Bachelor's degree

NMLS license

Job description

Job Location: Scottsburg, IN 47170

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

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

• 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.

Qualifications 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.