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Mortgage Loan Originator

Mortgage Loan Originator

US Metro BankLos Angeles, CA, US
10 days ago
Job type
  • Full-time
Job description

Job Description

Job Description

POSITION OVERVIEW

The Mortgage Loan Originator (MLO) will be responsible for generating and managing a pipeline of mortgage loan applications, guiding clients through the home financing process, and ensuring compliance with all regulatory requirements. This is a remote position , with a preference for candidates based in California . The ideal candidate will have a strong sales background, in-depth knowledge of mortgage products, and a commitment to providing excellent customer service.

POSITION RESPONSIBILITIES

  • Develop and maintain relationships with real estate agents, builders, and other referral partners to generate mortgage loan leads.
  • Meet with prospective borrowers to assess their financial situation and educate them on mortgage options.
  • Guide clients through the mortgage application process, gathering necessary documentation and ensuring timely submission.
  • Analyze applicants' financial status, credit, and property evaluations to determine loan eligibility.
  • Stay up to date with lending regulations, policies, and market trends to provide clients with accurate information.
  • Work closely with underwriters, processors, and other team members to ensure a smooth and efficient loan approval process.
  • Achieve or exceed established sales goals and performance metrics.
  • Ensure all loan transactions comply with federal, state, and company lending guidelines.
  • Perform other duties as assigned.
  • Comply fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti-Money Laundering, Code of Conduct, and etc.). Must complete all required training

SKILLS / QUALIFICATIONS

  • Must be licensed as a Mortgage Loan Originator (MLO) under the Nationwide Mortgage Licensing System (NMLS).
  • Strong sales and negotiation abilities.
  • Excellent verbal and written communication skills.
  • Ability to analyze financial documents and credit reports.
  • Detail-oriented with strong organizational skills.
  • Proficiency in loan origination software and CRM systems.

    • EDUCATION / EXPERIENCE

  • 5 years of experience in mortgage lending preferred.
  • Bachelor's degree in finance, business, economics, or a related field preferred. Equivalent experience in mortgage lending or sales will also be considered.
  • Expert-level knowledge of overall mortgage lending processes, including underwriting, funding, and loan processing.
  • Expert-level knowledge of valid documentation related to the processing of consumer mortgage applications (e.g., tax returns, financial statements and records, verification of income and deposits, etc.).
  • Expert-level knowledge of underwriting and lending compliance regulatory requirements; detailed knowledge of federal, state, and regulatory requirements / guidelines related to consumer mortgage lending and internal processes and controls.

    • The salary range for this position is $17 - $17.50 / HR + COMMISSION

    Salary ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.

    US Metro Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

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    Mortgage Loan Originator • Los Angeles, CA, US