What are the responsibilities and job description for the Mortgage Loan Officers in Annapolis, MD position at Southern Trust Mortgage?
Company Description
Southern Trust Mortgage is a well established full-service mortgage lender offering a diverse product line designed to compliment any borrower's need. Southern Trust is growing in the Mid-Atlantic and Southeast and continues to hire dedicated, experienced mortgage professionals who will help enhance our growth. We offer a collaborative work environment, local operations and a vast array of portfolio products.
Job Description
Position Summary:
The Mortgage Loan Originator position is responsible for increasing sales through building relationships with borrowers and business partners in order to build a residential loan portfolio. The MLO must maintain an MLO
license and/or Federal Registration in the Nationwide Mortgage Licensing System (NMLS).
Specific Responsibilities:
Drive Mortgage Production and Financial Results
The MLO will build a lead pipeline through realtors, previous borrowers and other referral sources via internal leads, by direct mail and/or other marketing activity.
Take residential loan applications according to established company and regulatory guidelines with specific attention to compliance and loan quality.
Negotiate terms of the loan for compensation or gain.
Collect required financial information from borrowers, including information about income, employment history, assets, investments, home ownership, debts, credit history, etc. The MLO will also run credit reports.
Utilize systems for lead management, product knowledge, registering high quality loans
Understand and articulate financial calculations and current rate/pricing.
Partner with operations teams to ensure the seamless transfer of file.
Compile customer documentation for forwarding to processing or underwriting, and may finalize documents for closing.
Qualifications
- 2-5 years prior retail mortgage origination experience
- Understanding of conventional and government residential loans
- MLO License and/or Federal Registration in the NMLS
Additional Information
All your information will be kept confidential according to EEO guidelines.
