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Mortgage Loan Originator
$58k-79k (estimate)
Full Time 2 Months Ago
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Motto Mortgage Elite Choice Corp. is Hiring a Mortgage Loan Originator Near Freehold, NJ

About us

Highest Commission Structure!!!!! Be paid what your really worth.

Motto Mortgage Nunez Elite Choice Corp. is a small business in Freehold, NJ. We are engaging, professional, social and our goal is to Be open and forthcoming with our customers and never over-promise or under-deliver..

Our work environment includes:

  • On-the-job training
  • Work-from-home days
  • Safe work environment

We are looking for a loan officer to evaluate, authorize approval or deny loan applications for people or for business. You will act as liaison between customers and our financial institution and you will help qualified applicants acquire loans in a timely manner.

Responsibilities

  • Evaluate credit worthiness by processing loan applications and documentation within specified limits
  • Interview applicants to determine financial eligibility and feasibility of granting loans
  • Determine all applicable ratios and metrics and set up debt payment plans
  • Communicate with clients either to request or to provide information
  • Justify decisions (approvals/rejections) and report on them
  • Complete loan contracts and counsel clients on policies and restrictions
  • Update job knowledge on types of loans and other financial services
  • Maintain and update account records
  • Assess customer needs, explore all options and introduce different types of loans
  • Develop referral networks, suggest alternate channels and cross-sell products and services to accomplish quotas
  • Go the “extra mile” to build trust relationships, customer loyalty and satisfaction throughout the underwriting process
  • Οperate in compliance with laws and regulations and adhere to lending compliance guidelines

Skills

  • Proven working experience as a loan officer
  • Familiarity with computers and banking applications/software
  • Solid understanding of direct/indirect lending products and practices
  • Excellent communication and interpersonal skills
  • Customer satisfaction orientation and sales competencies
  • Ability to work in a goal oriented environment
  • BS degree in finance, economics or a related field

Job Type: Full-time

Pay: $85,000.00 - $200,000.00 per year

Benefits:

  • Dental insurance
  • Health insurance
  • Vision insurance

Compensation package:

  • Commission pay

Schedule:

  • 8 hour shift
  • Monday to Friday

Work setting:

  • In-person
  • Office

Education:

  • Bachelor's (Required)

Experience:

  • Fair Housing regulations: 1 year (Required)
  • Loan origination: 1 year (Required)
  • Sales: 1 year (Preferred)

License/Certification:

  • MLO (Required)

Work Location: In person

Job Summary

JOB TYPE

Full Time

SALARY

$58k-79k (estimate)

POST DATE

03/18/2024

EXPIRATION DATE

07/14/2024

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The job skills required for Mortgage Loan Originator include Financial Services, Loan Origination, 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.

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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.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College