Job Description

Job Description

Job Description

Compensation: Commission only position

Scope/Purpose of the Position

The Mortgage Loan Originator (MLO) will be responsible for soliciting new business and originating mortgage loan products offered by TML. The MLO shall continuously identify, develop and maintain a network of business relationships to establish a constant referral source to originate new loans for TML.

Key Responsibilities and Essential Functions

Production

• Makes outside sales calls and performs related sales activities which include but are not limited to meet and call on clients, referral sources, realtors, and business prospects at their homes and places of employment or in other social settings away from any TML office.
• Build a network of referral sources such as Real Estate professionals, Builders, professional and personal contacts, as well as participate in business related development opportunities, community efforts to promote TML and our products and services.
• Analyzing the information provided by the customer and provide loan program options while advising the customer about the risks and benefits of various mortgage loan alternatives in light of their individual financial circumstances.

Minimum Qualifications and Experience

• High school diploma or equivalent
• Minimum of one year experience working in a mortgage loan originator capacity at a mortgage company, bank, or other financial institution. Prior experience in generating refinance loans, purchase loans, as well as a comprehensive understanding of related guidelines.
• Tactical demonstration of sales techniques.
• Must be knowledgeable on the methods and procedures for promoting and marketing of products and services.
• Understanding of Federal Regulations governing Real Estate Lending as well as the company’s Fair Lending policies.
• Excellent knowledge of FNMA, FHLMC, FHA, USDA and VA product guidelines.
• NMLS License.

Benefits

• Medical, Dental and Vision Insurance
• Health Savings Accounts
• Flexible Spending Accounts for Medical and Dependent Care
• Company Paid Life and AD&D Insurance
• Supplemental Life Insurance
• Company Paid Long Term Disability Insurance
• Short Term Disability Insurance
• 401(k)
• Ancillary Benefits such as Legal, Commuter, Critical Illness, and Hospital Indeminnity Insurance
• Health Advocate and EAP

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