Remote Mortgage Loan Originator (MLO)

Welcome Home Mortgage llc; Hackensack (NJ); On-site; USD 184,019 - 562,000; Full time

Job summary

Welcome Home Mortgage llc is seeking a motivated mortgage loan officer to sell mortgage loans to customers in New Jersey and surrounding states. The role requires generating new business through strong relationship-building skills and deep knowledge of mortgage products. Candidates must have an active NMLS ID and relevant experience in the industry. The position is a full-time role with an average pay between $184,019 and $562,000 annually based on commission. Training and leads are provided during the onboarding period.

Qualifications

• Candidates should have experience directly related to the Mortgage Industry.
• Must have appropriate state license or certificate (NMLS) in any of these states FL, NJ, CT or PA.
• Spanish is preferred but not required.

Responsibilities

• Sell mortgage loans to customers.
• Generate new business by building and maintaining relationships.
• Evaluate and pre-qualify prospective borrowers for loans.
• Counsel borrowers about different loan products.
• Maintain contact with borrowers and partners throughout the application process.

Skills

Experience in the Mortgage Industry

Relationship Building

Customer Counseling

Education

NMLS License

Job description

• Candidates should have experience directly related to the Mortgage Industry
• Must have appropriate state license or certificate (NMLS) in any of these states FL, NJ, CT or PA
• REMOTE POSITIONS AVAILABLE FOR: Pennsylvania, Florida, New Jersey or Connecticut
• PAPERLESS!
• Training & Marketing
• Leads Provided During Training

Responsibilities

• Primary duty is to sell mortgage loans to customers
• 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
• Review Closing Disclosure with Clients Prior to Closing

Job Type

Full-time

Pay

$184,019.00 - $562,000.00 per year average
100% Commission Pay

Schedule

• (Part Time or Full Time)

Language

• Spanish (Preferred)- but not required

License/Certification

• MLO LICENSE REQUIRED- Do not apply if you don't have an active NMLS ID #
• Welcome Home Mtg, LLC (NMLS #2688555)
  dba Welcome Home Mortgage
  877-271-1703
  [e-mail]