Mortgage Broker

Job Description

We are searching for skilled, driven, and experienced Mortgage Brokers who will actively pursue and source new deals by building relationships with referral sources such as real estate agents, Builders, Contractors, CPAs, Attorneys, etc. Consult borrowers on the best-fit financing solutions to fulfill their housing dreams. Oversee the origination process through product counseling, application, documentation, and closing.

This is a full-time, remote position with offices in Elgin, IL. Requires the ability to develop the local market in person.

About Us:

We are an independent licensed mortgage brokerage called Motto Mortgage Specialty in Elgin, IL. We are part of the ReMax family and offer a great set of work benefits, including:

• Motto Mortgage is now the third-largest mortgage brokerage in the country.
• Tier 1 relationships with Lenders provide a wide array of products and preferential pricing, allowing you to compete effectively and close more loans.
• Financial Incentives through Competitive Commission Splits, which will vary by experience
• Loan processing support is dedicated to Motto Mortgage - Resources Processing, assistants, loan products galore...
• Referrals, Opportunity to work with purchased leads
• Continuing training is available to teach you (the right way) how to serve borrowers and earn a fantastic income while still having a life away from work
• Great Culture with other like-minded people! Our loan officers work hard, play hard, and enjoy helping teammates.
• Work from Home or Office.
• Financial Opportunity to make 100 to 150 basis points on loan dollar volume based on experience and success in bringing referrals and closing loans. We'll show you how...
• The right tools, proprietary Loan Broker System (with live support), CRM, website...
• Marketing and Social Media Support
• Compliance Support
  
  

Job Responsibilities

• Develop the local market through active relationship management with local real estate offices, banks, CPAs, attorneys, developers, contractors, and community involvement.
• Identify new referral sources and secure meetings to build relationships.
• Participate in professional organizations to build relationships with referral sources.
• Maintain an active social media presence to build brand and relationships
• Participate in local events to expand brand recognition and source new prospective borrowers or referral sources
• Manage a pipeline of referrals and prospect loans to meet your production goals
• Meet with borrowers and lenders to proactively identify the borrower's best finance solution product type, price, and terms
• Counsel borrowers to understand the pros and cons of different loan products to determine the best one.
• Participate in all aspects of the loan origination process, the negotiation of terms, and documentation requirements
• Work with borrowers, real estate agents, loan processors, and lenders to ensure smooth transactions.
• Working with Loan Processors, ensure accurate and timely preparation of all required documents from borrowers, loan officers, title companies, and related industry professionals.
• Coordinate with loan processors and lenders to submit documents and meet the requirements for loan approval.
• Monitor the mortgage process to ensure all company and regulatory processes are followed.
  
  

Qualifications:

• Self-motivated individual with a strong work ethic and self-discipline
• Well-spoken and possess effective business-writing skills
• Willingness to make cold calls
• Experience handling a high volume of projects at once
• Proven work experience as a Mortgage Broker, real estate agent, loan origination, or similar role
• Maintain current registration with the National Mortgage Licensing System Registry.
• Knowledge of different types of loans and credit packages
• Experienced with non-conventional, non-qualified products and multi-lingual abilities is a plus.
• Strong understanding of company loan policies, guidelines, and all federal and state regulations.
• Good knowledge of banking and financial management principles
• Customer service experience
• Excellent analytical skills and attention to detail
• Strong negotiation and sales skills
• Ability to manage multiple clients and tasks simultaneously
• The ability to manage MLO's and LOA's is a plus
  
  

Motto Mortgage was voted a Top New Franchise and Fastest Growing Franchise in 2019, 2020, and 2021 and voted Best of the Best Franchises in the country in 2020 and 2021 by Entrepreneur Magazine. We are an equal opportunity employer.