Part Time Outside Loan Originator

American Neighborhood Mortgage Acceptance Company; Rhode Island; On-site; USD 5,600 - 95,000; Part time

Job summary

AnnieMac Home Mortgage in Providence, RI is seeking a part-time Loan Sales Specialist to generate mortgage business with real estate professionals while working less than 20 hours per week.

You will build relationships with realtors, pre-qualify applicants, present loan options, and guide borrowers through the application and disclosures.

Travel is required about 80% of the time; this role is commission-based with potential for steady loan volume from outside referrals.

Qualifications

• Requires appropriate state license or certificate (varies by state).
• Thorough knowledge of pricing and underwriting requirements of various mortgage insurers.
• Familiar with credit underwriting and property eligibility for FNMA/FHLMC/FHA/VA and investors.
• Knowledge of local, state and national laws (e.g. TILA, RESPA, energy audits).
• Excellent communication skills and ability to analyze financial information.
• Sales-oriented self-starter who can work independently.

Responsibilities

• Sell mortgage loans to customers away from AnnieMac Home Mortgage’s offices; outside sales focus.
• Develop relationships with realtors and other professionals to generate referrals.
• Attend closings, open houses, and lead-generating events.
• Take borrower information and complete loan applications; provide disclosures.
• Counsel borrowers on loan products and financing options; explain closing costs and payments.
• Maintain contact with borrowers and partners from application to closing.

Skills

Sales skills

Mortgage knowledge

Communication

Relationship building

Self-starter

Education

High School Diploma

Job description

Job DetailsJob Location: 3500 Providence RI - Providence , RI 02903Position Type: Part TimeEducation Level: High SchoolSalary Range: $500.00 - $8,500.00 CommissionJob Category: FinanceWorking on a part-time basis, less than 20 hours per week, to establish referral source relationships for a steady flow of loan volume from real estate brokers and other external sources.

Accountabilities and Job Activities:

• Primary duty is to sell mortgage loans to customers away from and outside of AnnieMac Home Mortgage’s places of business. Work done at AnnieMac Home Mortgage’s 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 borrower’s 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. This includes borrowers, realtors for other loan originators on the TEAM.
• Order legal documents.
• Review closing disclosure prior to closing.
• Complete mandatory company trainings within the required timelines.

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.
• Must be capable to work independently

Work Environment/Physical Demands:

Travel is required 80% of the time.

AnnieMac Home Mortgage is an Equal Opportunity Employer

AnnieMac Home Mortgage participates in E-Verify