Sr. Loan Officer

Newrez; Ridgewood (NJ); On-site; USD 15,080 - 60,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) Retirement plan with employer match

Paid Maternity Leave

Tuition & Certification reimbursement

Newrez Employee Emergency Fund

Job summary

Newrez in Ridgewood, NJ is seeking a motivated Mortgage Loan Originator to sell loan products and provide superior customer service. The role requires proven sales skills, state licensure, and minimum one year of mortgage origination experience. Responsibilities include maintaining referral sources, processing loan requests, and engaging in marketing activities. The position offers a base salary range of $15,080 to $60,000 along with various benefits including medical insurance and 401(k).

Qualifications

• Must qualify for and obtain state licensure where NewRez operates.
• Proven sales skills and leadership abilities are required.
• Experience managing mortgage loans with a good credit score.

Responsibilities

• Sell loan products offered by Newrez.
• Contact prospective clients to develop referral sources.
• Provide superior customer service and resolve issues during application.

Skills

Sales skills

Persuasive communication

Detail orientation

Decision-making skills

Organizational skills

Education

2-year college degree (preferred)

State licensure in mortgage lending

Tools

Basic computer skills

Job description

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 necessary to process loan requests in a timely manner, including credit reports, income verification, appraisals, lien searches, etc.; analyze 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 or 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

Proven sales skills and leadership abilities are required.

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

Base salary range: $15,080.00 – $60,000.00. Compensation may also include 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 or 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
• Newrez Employee Emergency and Disaster Fund is a program to support our team members experiencing hardships

Newrez NOW

• 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)

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.