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SUMMARY STATEMENT:
This position is responsible for soliciting new business and originating mortgage loan products; continuously identifies, develops and
maintains a network of business relationships to establish a consistent referral source to originate new loans. Responsible in assisting
the borrower to determine the proper loan program, completing the loan application and gathering the necessary paperwork, including
pay stubs, tax returns and bank statements, to begin the loan process.
PRINCIPLE DUTIES AND RESPONSIBILITIES:
1. Originate mortgage loans by establishing client relationships, maintaining referral partners, and marketing to potential new
sources.
2. Gather pertinent information for loan application, interview applicant to determine loan requirements, and requests applicant
credit reports, reference checks, and other information relevant to evaluating credit.
3. Analyzes applicant financial status, credit, and asset evaluation to determine feasibility of granting loan.
4. Compiles loan package and facilitates negotiation of loan structure with applicant, including fees, loan repayment options, and
other credit terms.
5. Ensures loan agreements are complete and accurate according to establishment policy.
6. Assures timely loan closing and funding activities.
7. Identifies and analyzes potential loan markets to develop prospects for consumer loans.
8. Promotes and cross-sells other establishment products and services as appropriate to customer requirements
9. Other duties as assigned
EDUCATION AND/OR EXPERIENCE:
KNOWLEDGE, SKILLS & ABILITIES:
Other
$40k-55k (estimate)
01/21/2024
06/25/2024
The job skills required for Mortgage Loan Originator include Mortgage Loans, Products and Services, etc. Having related job skills and expertise will give you an advantage when applying to be a Mortgage Loan Originator. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Mortgage Loan Originator. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Mortgage Loan Originator positions, which can be used as a reference in future career path planning. As a Mortgage Loan Originator, it can be promoted into senior positions as a Mortgage Loan Officer III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Mortgage Loan Originator. You can explore the career advancement for a Mortgage Loan Originator below and select your interested title to get hiring information.
If you are interested in becoming a Mortgage Loan Originator, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Mortgage Loan Originator for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Mortgage Loan Originator job description and responsibilities
Mortgage loan officers also collect and verify all required financial documentation from applicants.
02/28/2022: Santa Rosa, CA
This person helps the home buyer or refinancer choose a loan, and understand all the rates and terms associated.
12/28/2021: Bremerton, WA
Experienced originators learn the field and know how the system works.
01/24/2022: High Point, NC
Good mortgage loan originators will go out of their way to make sure that their clients understand what the mortgage process entails, especially first-time home buyers.
02/14/2022: Paramus, NJ
As a mortgage loan originator, Alter will be responsible for originating mortgage purchases, refinances and home equity loans.
01/21/2022: Carson City, NV
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Mortgage Loan Originator jobs
Good loan originators typically work hard to develop new business opportunities whenever possible.
02/25/2022: Vineland, NJ
Monitor the application process.
02/15/2022: Greenville, MS
Loan Officers Genuinely Help People.
02/09/2022: Saginaw, MI
Three to five years experience as a Real Estate Loan Originator.
02/09/2022: Lebanon, PA
Employers typically prefer those possessing the following skills – a strong understanding of state and federal laws, ability to check the accuracy of the applications; good knowledge of accounting and finance, a solid understanding of how sales pipelines
01/27/2022: Idaho Falls, ID
Step 3: View the best colleges and universities for Mortgage Loan Originator.