What are the responsibilities and job description for the Mortgage Loan Officer position at Loan Factory?
Job Description
100% Remote. Full or part time.
Our Mortgage Loan Officer will be knowledgeable of the market, market trends, and the latest mortgage products. He or she will work closely with our team to help clients achieve their financial goals and make one-on-one connections to build relationships with clients. As a Mortgage Loan Officer, you will be responsible for assisting clients in securing mortgage loans and navigating the mortgage lending process. Your day-to-day tasks will include following up with clients and referral partners, completing loan applications and structuring loans, providing exceptional customer service, and ensuring compliance with lending regulations. There is no base pay for this role and compensation is based on commission. NMLS license required.
Responsibilities:
100% Remote. Full or part time.
Our Mortgage Loan Officer will be knowledgeable of the market, market trends, and the latest mortgage products. He or she will work closely with our team to help clients achieve their financial goals and make one-on-one connections to build relationships with clients. As a Mortgage Loan Officer, you will be responsible for assisting clients in securing mortgage loans and navigating the mortgage lending process. Your day-to-day tasks will include following up with clients and referral partners, completing loan applications and structuring loans, providing exceptional customer service, and ensuring compliance with lending regulations. There is no base pay for this role and compensation is based on commission. NMLS license required.
Responsibilities:
- Discover prospective borrowers for loans.
- Evaluate credit histories and develop credit profiles for prospective borrowers.
- Explain mortgage terms, costs and risks to prospective borrowers.
- Estimate the value of homes being purchased using appraisal methods.
- Identify and manage borrower mortgage loan application risks.
- Robust, user-friendly technology platform completely free (CRM, LOS, Pricing Engine, Rate Alerts, and so much more)
- Free G-Suite and Internal Chat Support
- Free MChat (Chat GPT for Loan Officers and Real Estate Agents)
- Live Zoom support for Loan Officers for underwriting, loan structure and scenarios
- Free marketing support & weekly marketing materials with your contact information
- No junk fees, tech fees or production quotas
- 100% commission minus a flat fee of $595 and $500 for processing
- Extremely competitive pricing
- Licensed in 48 states
- Company culture you can feel good about. Leadership who listens and makes positive changes quickly
- 1099 or W2 options depending on your state - Full or part time
- Commissions up to 250 bps - you choose your pricing
- Training and mentorship available
