Sr. Loan Officer

Coast One Mortgage; Ridgewood (NJ); On-site; USD 36,000 - 60,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) Retirement plan with employer-m

Paid Maternity Leave/Parental Bonding

Job summary

Newrez is seeking an experienced mortgage loan originator in New Jersey to sell loan products and develop referral sources. You will meet with clients at outside locations and real estate professionals to generate borrower leads and drive production.

You will process applications, determine clients' needs, and offer appropriate products while ensuring compliance and high-quality customer service. A proactive, fast-paced, detail-oriented approach is essential.

Qualifications

• Must qualify for and obtain state licensure where NewRez does business.
• Minimum of 1 year mortgage loan origination experience.
• 2 year college degree preferred (or equivalent experience).
• Proven sales skills and leadership abilities.

Responsibilities

• Sell loan products offered by NewRez and develop referral sources.
• Meet with prospective clients at outside locations.
• Originate loans for appropriate amounts, rates and terms per program guidelines.
• Provide superior customer service and timely, accurate responses.

Skills

Persuasive selling

Interpersonal skills

Detail-oriented

Independent worker

Time management

Education

State mortgage licensure required

1 year mortgage loan origination experience

Tools

CRM systems

Microsoft Authenticator

Smartphone proficiency

Job description

Who We Are At Newrez, we bring big thinkers and caring doers together to make home happen. We’re a team built on heart and hustle, united by a commitment to show up for our customers, our communities, and each other. We believe that when our people thrive, homeowners thrive - and that’s why we invest in your growth, wellbeing, and ability to make an impact. Every day, we work to exceed the expectations of our residential mortgage borrowers and business partners through superior service, simple processes, and clear communication. We do this by empowering our employees, encouraging innovative solutions and recognizing great performance.

Principal Duties:

• Sell loan products offered by NewRez Contact prospective clients to develop and maintain referral sources.
• Meet with prospective clients at outside locations.
• Make in-person calls on real estate agents, financial advisors and other potential referral sources to develop borrower leads.
• Engage in marketing and promotional activities in support of your own sales.
• Meet monthly minimum personal production goals
• Take mortgage loan applications and prepare effective loan proposals: Determine a consumer’s needs and offer the appropriate product
• Originate loans for appropriate amounts, rates, and terms that comply with NewRez’s program guidelines
• Provide consumers with a superior level of customer service: Quickly and accurately answer all customer inquiries in a professional manner.
• Obtain all information deemed necessary to process loan requests in a timely manner, including but not limited to credit reports, income verification, appraisals, lien searches, etc.
• Analyze the information and provide insight where appropriate.
• Provide assistance to applicants and solve all problems that may arise between application and settlement
• Stay informed of developing trends in the mortgage industry
• Attend/assist with scheduled meetings, training sessions and courses
• Maintain compliance with all industry-specific federal and state licensed activity requirements and NewRez Code of Conduct

Principal Customers of the Position:

Internal Customers: Underwriting, Processing, Closing, Quality Assurance, Vendor Coordination, and Secondary Marketing External Customer: The Borrower(s)

Education and Experience Requirements:

• Must qualify for and obtain state licensure in the states where NewRez does business; mortgage licensure requires a good credit score, no tax liens and a clean criminal background check
• Minimum successful 1 year mortgage loan origination experience
• 2 year college degree preferred (or equivalent experience)
• Proven sales skills and leadership abilities

Knowledge, Skill and Ability Requirements:

• Ability to quickly connect with people in an outgoing, friendly manner
• Persuasive, selling communication skills
• Strong sense of responsibility for completing work quickly and accurately
• Ability to handle faster-than-average pace of activities
• Detail-orientation with efficient focus on work activities
• Careful decision-making skill with ability to avoid mistakes
• Ability to delegate in a positive style with thorough follow up skills
• Excellent oral, written, listening, and organizational skills
• Basic computer skills
• Ability to work independently

Compensation:

A good faith estimate of the compensation is: 15,080.00 - 60,000.00 Compensation for this position may also include other elements, including medical, financial, various paid time off benefits, and a bonus based on individual and company performance, variable or annual. Placement within the range will be based on a variety of factors, including but not limited to, skills, experience, qualifications, location, etc.

Additional Information:

While this description is intended to be an accurate reflection of the position’s requirements, it in no way implies/states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary. All employees are required to have smart phones that meet Company security standards with the ability to install apps such as Microsoft Authenticator. Employment will be contingent on this requirement.

Company Benefits:

• Medical, dental, and vision insurance
• Health Savings Account with employer contribution
• 401(k) Retirement plan with employer match
• Paid Maternity Leave/Parental Bonding Leave/Caregiver Leave
• Adoption Assistance
• Tuition & Certification reimbursement
• Employee Mortgage Loan Program
• The Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships
• Newrez NOW: Through Newrez NOW, our Corporate Social Responsibility program, you’ll have opportunities to give back, lead, and make a difference.
• 1 company-paid Volunteer Time Off day (with over 40,000 volunteer hours contributed since our inception)
• Matching Gifts Program - dollar-for-dollar up to $1,000
• Access to grants, nonprofit resources, and volunteer opportunities
• More than $6,000,000 donated since 2020
• 1 in 5 employees participates in at least one Employee Resource Group (ERG)

Why Newrez

We’re a great place to work because we invest in what matters: your career, your community, your wellbeing, and your future. Our total rewards package is designed to support your whole self.

Equal Employment Opportunity

We’re proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

In both good economic times and bad, people need homes - and mortgages to buy them. We help these people every day buy homes or refinance their current mortgage loans. In addition to offering an in-demand product, there are two things you should know about us: We value and reward entrepreneurial spirit, and we are growing. Few lenders are as innovative, as financially solid, as well managed and on track to become America’s leading lender as the Newrez Family of Companies. We deliver products and services that turn prospects into delighted customers —providing abundant opportunity for the great people who work here. These competitive advantages set us apart, and they’re why you can grow with us for the long term.