What are the responsibilities and job description for the Mortgage Loan Officer position at Executive Placements?
Compensation & Key Details:
- On Target Earnings (OTE) $200,000 (base salary 60,000-65,000 commission)
- Active NC MLO License required
- 2.5 years of experience in the mortgage field, ideally as a Mortgage Loan Officer
- Experience with FHA, VA, Fanny Freddy, FHAVA strongly preferred.
Magnify is looking for a seasoned Mortgage Loan Officer to join our client's growing team in the Raleigh, NC area. Would you enjoy partnering with a leading mortgage lending institution dedicated to providing personalized financial solutions to clients? Would you enjoy joining a growing organization that offers a wide range of mortgage products and services tailored to meet the unique needs of each individual or family? Then this is the opportunity for you!
Responsibilities:
- Generate leads and cultivate relationships with potential borrowers to promote mortgage loan products.
- Conduct thorough financial assessments and evaluate the creditworthiness of loan applicants.
- Guide clients through the mortgage application process, explaining various loan options, terms, and requirements.
- Collect and analyze financial information, including income documentation, credit reports, and property appraisals.
- Collaborate with underwriters, processors, and other internal teams to ensure timely and accurate processing of loan applications.
- Maintain current knowledge of mortgage industry regulations, trends, and best practices.
- Provide ongoing support and assistance to clients throughout the loan closing process.
- Meet or exceed sales targets and performance metrics set by the company.
Qualifications:
- Bachelor's degree in finance, business administration, or a related field (preferred).
- Minimum of 3 years of experience in mortgage lending or related financial services.
- Proven track record of success in originating and closing mortgage loans.
- Strong understanding of mortgage products, regulations, and underwriting guidelines.
- Excellent communication, negotiation, and interpersonal skills.
- Ability to work independently and as part of a team in a fast-paced environment.
- Proficiency in mortgage loan origination software and other relevant technology tools.
- Mortgage Loan Officer License in North Carolina (NC) required
Salary : $60,000 - $200,000