Outside Loan Originator

American Neighborhood Mortgage Acceptance Company; Toms River (NJ); On-site; USD 15,000 - 65,000; Full time

Benefits offered by this job

Medical, dental and vision plans

401K and voluntary benefits

Job summary

AnnieMac Home Mortgage is seeking a Full Time External Mortgage Loan Originator to establish referral source relationships for a steady flow of loan volume from real estate brokers and other external sources. Travel is required 80% of the time and base education is a High School diploma.

You will generate new business, pre-qualify borrowers, and guide them through the mortgage process, including disclosures and closings, under the supervision of the Branch Manager.

Qualifications

• State license or certificate required (varies by state).
• Strong knowledge of pricing and underwriting requirements for mortgage products.
• Working knowledge of credit underwriting and property eligibility for FNMA, FHLMC, FHA, VA, and private investors.
• Familiarity with local, state and national laws (e.g. Truth-in-Lending, RESPA).
• Excellent communication and financial analysis skills.
• Sales-oriented self-starter with self-motivation.

Responsibilities

• Sell mortgage loans to customers away from and outside AnnieMac Home Mortgage offices.
• Build and maintain relationships with realtors, real estate agents, title/escrow officers, financial advisers, CPAs and other professionals.
• Participate in mortgage sales activities such as closings, open houses, seminars and lead generation.
• Collect borrower information and complete loan applications.
• Develop referral partner relationships to generate new customers.
• Analyze income and debt to pre-qualify borrowers and determine mortgage affordability.
• Counsel borrowers on home buying and financing options and explain loan products and closing costs.
• Maintain regular contact with borrowers, realtors and lenders between application and closing.
• Order legal documents and review HUDs prior to closing.
• Provide disclosures and guidance on credit issues.

Skills

Excellent communication

Financial analysis

Sales oriented

Self-starter

Pricing knowledge

Underwriting knowledge

Credit underwriting

Property eligibility knowledge

Laws knowledge (TIL, RESPA)

Education

High School diploma

Job description

Job Details: Job Location: 6200 Toms River Washington St - Toms River, NJ 08753, Position Type: Full Time, Education Level: High School, Salary Range: $13,500.00 - $65,000.00 Commission, Travel Percentage: Road Warrior, Job 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. Under the direct supervision of the Branch Manager, the job responsibilities of the External Mortgage Loan Originator position include, but are not limited to, the following:

• 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.

AnnieMac Home Mortgage is an Equal Opportunity Employer

AnnieMac Home Mortgage participates in E-Verify.