Outside Loan Originator

About the role

AnnieMac Home Mortgage is seeking Full Time External Mortgage Loan Originators to establish and maintain referral source relationships for a steady flow of loan volume from real estate brokers and other external sources. This role operates under the direct supervision of the Branch Manager.

Responsibilities

• Sell mortgage loans to customers away from and outside of AnnieMac Home Mortgage’s places of business. Work performed at AnnieMac offices is related and supplemental to outside sales.
• Generate new business by building and maintaining relationships with realtors, real estate agents, title and escrow officers, financial advisers, CPAs, and other relevant professionals.
• Regularly participate in mortgage sales activities, including attending closings and open houses, and conducting seminars and other lead-generating activities.
• Take information from the borrower and complete the loan application.
• Develop relationships with referral partners such as realtors to generate new customers.
• Analyze prospective borrowers' income and debt to pre-qualify them and determine the maximum mortgage they can afford.
• Counsel prospective borrowers on the home buying and financing process, advising them about different loan products and demonstrating how closing costs and monthly payments vary under each product.
• Collect financial information (e.g., tax returns, bank statements) and other documents required for the application process.
• Provide disclosures to the borrower, including Truth in Lending, Good Faith Estimate, and others.
• Counsel and advise borrowers on understanding and clearing credit problems.
• Maintain regular contact with the borrower, realtors, and the lender between application and closing to update them on the application status and gather any additional information as needed.
• Order legal documents.
• Review HUDs prior to closing.

Requirements

• Experience directly related to the mortgage industry.