What are the responsibilities and job description for the Mortgage Loan Originator position at Momentum Mortgage?
Overview
Join our dynamic team as a Mortgage Loan Originator and become a vital driver of homeownership dreams! In this energetic role, you will actively engage with prospective borrowers, guiding them through the mortgage process with enthusiasm and expertise. Your passion for financial sales, customer service, and negotiation will help clients secure the best loan options while ensuring compliance with industry regulations such as FNMA (Fannie Mae) guidelines and Fair Housing laws. This position offers an exciting opportunity to leverage your skills in loan origination, processing, and underwriting to make a meaningful impact in people's lives.
Responsibilities
- Cultivate relationships with potential borrowers through proactive outreach, consultations, and follow-up to generate new mortgage loan opportunities.
- Assess clients’ financial situations by conducting credit analysis, basic math calculations, and reviewing financial documents to determine eligibility.
- Explain loan options clearly, including terms related to TILA (Truth in Lending Act) disclosures and contracts, ensuring clients understand their commitments.
- Collaborate with underwriters and loan processors to facilitate smooth loan origination and processing workflows using financial software such as Quicken or other banking tools.
- Negotiate terms with clients and third-party providers like escrow agents to secure favorable loan conditions while adhering to regulatory standards.
- Maintain comprehensive records of all loan activities, including documentation for mortgage servicing, escrow arrangements, and compliance with Fair Housing regulations.
- Stay updated on industry trends, regulatory changes, and best practices related to FNMA guidelines, mortgage servicing, and banking regulations to provide expert guidance.
Requirements
- Proven experience as a loan officer or in mortgage origination within the financial services industry.
- Strong skills in sales, negotiation, credit analysis, and customer service with a passion for helping clients achieve homeownership goals.
- Familiarity with FNMA guidelines, TILA regulations, escrow processes, and mortgage servicing procedures.
- Proficiency in financial software such as Quicken or similar banking/accounting software; experience with 10 key typing and basic math skills are essential.
- Knowledge of contracts, fair housing laws, underwriting procedures, and loan processing steps.
- Excellent communication skills coupled with the ability to explain complex financial concepts clearly and transparently.
- Ability to work independently while collaborating effectively within a team environment dedicated to compliance and excellence. This role is paid and offers an engaging environment where your expertise can truly make a difference! If you're driven by results, passionate about customer service, and eager to grow within the mortgage industry—apply now to become part of our vibrant team!
Pay: $10,000.00 - $76,089.61 per year
Work Location: Hybrid remote in Covina, CA 91724
Salary : $10,000 - $76,090