Employment Spot

Job Description

Preferred Personnel's top banking client is seeking a Mortgage Loan Originator. This position is temp to hire oppportunity and the salary will be a base pay and commission depending on experience.This position includes but is not limited to:

• Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
• Analyze potential loan markets and develop referral networks in order to locate prospects for loans.
• Approve loans within specified guidelines, and refer loan applications outside those limits to management for approval.
• Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
• Meet with applicants to obtain information for loan applications and to answer questions about the process.
• Negotiate payment arrangements with customers who have delinquent loans.

• Obtain and compile copies of loan applicants' credit histories, personal & business financial information.
• Review and update credit files.
• Review loan agreements to ensure that they are complete and accurate according to policy
• Work with clients to identify their financial goals and to find ways of reaching those goals
• Consult with underwriters to aid in resolving mortgage application problems.
• Handle customer complaints and take appropriate action to resolve them.
• Market bank products to individuals and firms, promoting bank services that may meet customers' needs.

• Originate mortgage loans for new or existing customers by sourcing business through outside referrals, and past customer referrals and overflow of inside referrals. 

• Maintain contact and working relationships with appraisers, attorneys, banking officers, banking employees, builders, realtors, surveyors, and title companies, as well as other community relationships.

• Stay proficient of new types of loans and other financial services and products in order to better meet customers' needs

Preferred Personnel was established in 1986. We are a provider of a vast array of employment-related services. Our specialties include executive and technical recruiting, professional contracting, corporate outplacement, and temporary clerical services

Job Requirements

•  Strong Knowledge of loan products in the mortgage industry, along with market conditions that effect investor’s marketing of interest rates and pricing.
• Strong Knowledge of banking regulations, underwriting guidelines, as well as investor requirements.
• Outstanding communicator, both verbal and written, with exceptional customer service skills. 
• Highly organized, with an attention to detail and an aptitude for problem recognition and resolution. 
• Possess an aptitude for coordinating and prioritizing multi-tasked responsibilities.'
• Illustrate a working knowledge of computer software and systems:  MicroSoft Office, Calyx(Point), MicroSoft Explorer, FiServe, and Director.
• Possess an autonomy and initiative to reference online websites, such as All-Regs, Fannie Mae and Freddie Mac, and FHA/VA to meet governmental regulations and lending criteria.
• Talent for comprehending complex documents, such as Appraisals, Title Commitments, Surveys, Real Estate Contracts, Investor Matrices, Governmental Rules and Regulations
• Performs well under pressure and short deadlines, with exceptional adaptation to a highly fluctuating work schedule.

• A high school diploma or equivalent  

• Must be able to pass a background and credit check

• Maintain a professional appearance that offers those who come in contact a sense of welcome and worth.

• Ability to bend, lift, and transport items relating to the upkeep, maintenance, and overall working condition of the copier, fax machines, and other miscellaneous office equipment.

• Six to twelve months of increasingly responsible job-related experience in order to handle the processing sequence and requirements, and resolve problems

• Knowledge of every facet in mortgage department from loan application, regulations, guidelines, processing, closing, funding, and quality control

keywords: banking, mortgage, loans, loan originator,