What are the responsibilities and job description for the Mortgage Loan Officer position at LMP Financial?
Mortgage Loan Officer
Overview
The Mortgage Loan Officer is responsible for guiding clients through the home loan process from initial inquiry to closing. This role requires strong interpersonal skills, deep knowledge of mortgage products, and the ability to assess borrower qualifications while ensuring compliance with lending regulations. The ideal candidate is highly motivated, persistent, detail-oriented, coachable, and committed to delivering an exceptional customer experience.
Responsibilities
- Develop and maintain relationships with prospective homebuyers, real estate agents, and referral partners.
- Evaluate applicants’ financial information—including credit, income, and assets—to determine loan eligibility.
- Recommend mortgage products that align with clients’ financial goals and guidelines.
- Collect, verify, and submit required documentation to underwriting in a timely and accurate manner.
- Communicate clearly with borrowers, real estate agents, processors, and underwriters throughout the loan process.
- Maintain up-to-date knowledge of lending products, compliance requirements, and industry trends.
- Work to meet or exceed monthly and quarterly production goals.
- Ensure adherence to federal and state regulations, including RESPA, TILA, HMDA, and company policies.
- Provide exceptional customer service by answering questions and guiding clients from application through closing.
Qualifications
- High school diploma required; bachelor’s degree in business, finance, or a related field preferred.
- Valid Mortgage Loan Originator (MLO) license with NMLS registration. We encourage non-licensed candidates to reach out as well; we will work with them to help them attain licensing.
- 1–3 years of mortgage lending or financial services experience preferred but not required.
- Excellent communication, sales, and customer service skills.
- Ability to analyze credit reports and financial documents.
- Proficient with loan origination software and basic computer tools.
- Self-motivated with strong organizational and time-management skills.
Job Details
Compensation: $55,000–$300,000 Per Year
Job Type: Full-time
Additional Compensation
- Bonus
- Commission
Employee Benefits
- 401K
- Health, dental, and vision coverage
- Flexible Schedule
- Gym Membership
- Parking
- Performance Bonus
- Professional Development
About the company
LMP is a mortgage brokerage focused on helping homeowners make the home buying process easier and less expensive. We do this by leveraging technology that speeds up the process and working with lenders that offer lower interest rates and costs. We also form relationships with referral partners where we can help them grow their business using technology to nurture leads and clients, with the ultimate goal of converting them to buyers and sellers. A true partnership with a buyer or real-estate agent provides value and benefits to all parties involved.
Pay: $50,000.00 - $300,000.00 per year
Benefits:
- 401(k)
- 401(k) 3% Match
- Flexible schedule
- Health insurance
- Opportunities for advancement
- Paid time off
- Professional development assistance
- Work from home
Work Location: Hybrid remote in Lowell, MA 01854
Salary : $50,000 - $300,000