Mortgage Loan Originator Job Description
Mortgage loan originator
provides leadership to the underwriting management team responsible for underwriting mortgage loans to FNMA; FHLMC; FHA/VA; portfolio; private-investor; and Ability-to-Repay guidelines.
Mortgage Loan Originator Duties & Responsibilities
To write an effective mortgage loan originator job description, begin by listing detailed duties, responsibilities and expectations. We have included mortgage loan originator job description templates that you can modify and use.
Sample responsibilities for this position include:
Adherence with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act
Monitors loan portfolio to accurately identify risk and ensure asset quality
Stays current with o Bank's underwriting policy
Takes a very complete application and collects all required documentation (such as income tax return, bank account number, purchase agreement, and property description, ) for verification
Communicate by phone, written or electronic communication with internal and external customers
Develop referrals from internal and external sources
Interact daily with loan processor to ensure that all documentation and loan requirements are met prior to submission to underwriting
Develops annual business plan in conjunction with Manager which details activities to follow which will focus on meeting or exceeding sales quota
Networks with agents, attorneys, CPA's to develop referral base
Develop and maintain long-lasting client relationships with agents
Mortgage Loan Originator Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Mortgage Loan Originator
List any licenses or certifications required by the position: NMLS
Education for Mortgage Loan Originator
Typically a job would require a certain level of education.
Employers hiring for the mortgage loan originator job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Education, Business, Finance, Accounting, Real Estate, Computer, Communications, Government, Associates, Management
Skills for Mortgage Loan Originator
Desired skills for mortgage loan originator include:
FHA
VA
FHLMC
Local bonding programs
Pricing and underwriting requirements of various mortgage insurance companies
Private investors
Underwriting requirements for FNMA
Local
State and national laws
Mortgage products
Desired experience for mortgage loan originator includes:
Must be able to multi-task competing priorities and meet tight deadlines
Must be able to build and maintain internal and external relationships to deliver high levels of service
Three years of mortgage lending experience with proven mortgage production
A minimum of 12 months loan originator experience required for Loan Originator
Must be active in the community and in those job-related organizations to enhance the network of beneficial contacts
Must be self- motivated with high energy and a positive attitude
Mortgage Loan Originator Examples
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Mortgage Loan Originator Job Description
Job Description Example
Our innovative and growing company is hiring for a mortgage loan originator. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for mortgage loan originator
- Possess and maintain a superior product knowledge of all lending programs available through Howard Hanna Mortgage Services
- Attend and participate in sales meetings, training, and business-generating activities to maintain competitive edge and sustain production
- Networks with agents, attorneys, CPA's and to develop referral base
- Networks with agents, attorneys and CPA's to develop referral base
- Determine financing objectives and goals
- Receives and screens loan applications
- Prepares records and reports as requested regarding loan origination and closing activities as needed
- Collects supporting loan documentation
- Maintain constant communication with clients via email, phone and mail form application to closing and post-closing
- Maintains contacts and good working relationships with real estate brokers, attorneys, and builders to assure a favorable image of the organization and to provide information regarding current loan policies and procedures
Qualifications for mortgage loan originator
- Works independently and must be a self-starter
- Associates or Bachelor's Degree in finance or banking preferred but not required
- Experience with mortgage loan origination system such as Mortgagebot, Ellie Mae, or FICS preferred
- Minimum one year of mortgage, sales, real estate, or banking experience
- Incumbents will generally have three or more years experience as outside sales person
- Working knowledge of various mortgage regulatory guidelines
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Mortgage Loan Originator Job Description
Job Description Example
Our innovative and growing company is hiring for a mortgage loan originator. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for mortgage loan originator
- Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control, RESPA, Regulation B, TRID and any other Mortgage related regulations
- Adhere to First Community Bank Utah's Core Values
- Participate in Community Service and Bank sponsored activities that serve and support the mission and values of First Community Bank Utah
- Complete required bank and BVS training courses within assigned time frame(s), or sooner at managements discretion
- Represent Bank of the First Community Bank Utah in a professional manner which includes a professional image, confidentiality, a positive "can-do" attitude, good attendance, punctuality, flexibility and adaptability in meeting bank and customer needs
- Manages a clean pipeline of loans in process
- Completes customer applications and collects all required documentation (such as income tax return, bank account number, purchase agreement, and property description, ) for verification
- Prepares the borrower(s) for the process and keeps ALL of the parties involved in the process, up to date on all important developments and current status of application
- Interview mortgage applicants to understand and educate them on their financing options available
- Be accessible to the buyer and individuals involved in a loan to answer questions and/or provide updates
Qualifications for mortgage loan originator
- Ability to work under stress and meet deadlines • Ability to travel • Ability to lift/move/carry approximately 25 pounds if required to perform the essential job functions
- Three or more years of mortgage lending experience with proven mortgage production
- Demonstrated ability to interact and cooperate with all company employees
- Minimum of 2 years’ experience originating residential mortgages, 4 years preferred
- Must have existing referral network established to provide mortgage leads
- Must have prior experience using loan originating software and MS Office products
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Mortgage Loan Originator Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of mortgage loan originator. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for mortgage loan originator
- Provide weekend coverage in builder communities and grand opening functions
- Review all documentation provided by borrower, check for accuracy, and address any discrepancies
- Be familiar and comply with all company QC policies, review updates to the manual, and attend meetings as necessary
- Provide input to management, and attend production/staff meetings
- Infrequently, assist in resolving post-closing/funding problems
- Attend loan closings when possible
- Evaluates loan requests, analyzes financial data, and determines qualification of collateral and customer credit history
- Proactive outreach through outbound calling and email to marketing prospects in addition to the ability to quickly respond to customer inquiries whether online or by phone
- Answers customer calls and business partner referrals to discuss various loan products and qualification information
- Verification of Employment,Mortgage, Deposits, Paystubs,W2's, bank statements and credit reports
Qualifications for mortgage loan originator
- Outstanding ability to think logically to analyze situations and make sound decisions
- Must be licensed through the Nationwide Mortgage Licensing System (NMLS)
- NMLS ID - Independently licensed as an MLO preferred but not required
- Ability to work with a diverse group in a professional, ethical and effective manner
- Well established referral and network base
- A two-year college degree or completion of a specialized course of study at a business or trade school
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Mortgage Loan Originator Job Description
Job Description Example
Our growing company is looking for a mortgage loan originator. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for mortgage loan originator
- 5 + years of Loan Origination Experience
- 5+ years of loan processing experience in a mortgage banking company or related financial institution required
- 5+ years of experience of state and federal lending regulations
- Loan Origination (5 years of experience is preferred)
- Loan Processing (5 years of experience is preferred)
- Mortgage Banking Exp (5 years of experience is preferred)
Qualifications for mortgage loan originator
- Must have a vehicle and a valid driver’s license
- Ability to sit for majority of 8-hour workday
- Ability to accurately and efficiently process and record a large volume of data
- Ability to act as a team player and be willing to accept constructive criticism
- Ability to learn mortgage systems and technology
- Demonstrate Consultative Sales ability