Part Time Outside Loan Originator
$6,000–$102,000 year
On-siteProvidence, Rhode Island, United States
Job Summary
Sell mortgage loans to customers outside the office by building relationships with realtors, agents, and financial advisers. Generate new business by attending closings, open houses, and seminars to conduct lead-generating activities. Take borrower information, fill out applications, and analyze income and debt to pre-qualify prospects. Counsel borrowers on loan products, closing costs, and credit issues while collecting required documents and providing disclosures. Maintain contact between application and closing to apprise borrowers and partners of status. Order legal documents and review closing disclosures. Complete mandatory trainings. Requires state license, knowledge of underwriting and local laws, and ability to work independently with 80% travel.
Required 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
- Travel is required 80% of the time
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