Mortgage Loan Originator

NY0705 NY Region Business Office
Job Description
The Mortgage Loan Originator is responsible for proactively soliciting new residential mortgage business through internal and external sources in an assigned geographic area. This individual will participate in business related development opportunities, professional organizations, and community efforts to promote homeownership.
Essential Functions
Ensure exceptional customer service experience throughout the loan origination process.
Interact with other team members and other departments in a professional manner
Submit complete credit applications with supporting documentation
Develop and maintain successful relationships with internal and external referral sources
Prospect new mortgage lending opportunities
Facilitate communication activities with customers and referral sources during loan origination process
Review applications, credit files, and customer qualifications to determine appropriate loan products and pricing
Counsel and coach loan applicants to assist them towards their goals and to deliver the best loan products for their needs
Request timely loan rate locks for Secondary Marketing
Maintain up-to-date knowledge of loan products including conventional, portfolio, FHA,VA, USDA-Rural Housing programs and secondary market rules
Achieve production and quality goals
Cross-sell other Northwest products and services to loan applicants
Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
Work as part of a team
Work with on-site equipment
Ensure compliance with third party agencies and vendors
Qualifications
High School Diploma preferred
NMLS Registry Per the SAFE Act, annual renewal as a condition of employment Upon Hire
3 - 5 years Mortgage origination or sales experience preferred
Ability to successfully meet production and quality goals
Knowledge of banking industry laws, regulations, and the retail origination process
Knowledge of conventional, government loan products and guidelines including Fannie Mae, Freddie Mac, FHA, USDA-Rural Housing and VA loans
Knowledge of Ellie Mae-Encompass Loan Origination software, Freddie Mac – Loan Product Advisor and Optimal Blue pricing engine
Knowledge of retail mortgage loan pricing
Sales skills with the ability to turn prospects into customers
Strong networking and organizational skills
Ability to work collaboratively and manage multiple deadlines and priorities
The base salary plus commission for this position is generally $63,000-$90,000 per year. Actual pay is based on various factors including but not limited to the successful candidate’s experience, skills, and knowledge. Additional bonus earning opportunities and benefits are also available.
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Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.