Loan Originator Job Description
Loan Originator Duties & Responsibilities
To write an effective loan originator job description, begin by listing detailed duties, responsibilities and expectations. We have included loan originator job description templates that you can modify and use.
Sample responsibilities for this position include:
Loan Originator Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Loan Originator
List any licenses or certifications required by the position: NMLS, VOE
Education for Loan Originator
Typically a job would require a certain level of education.
Employers hiring for the loan originator job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Education, Finance, Accounting, Management, Marketing, Business/Administration, Business, Real Estate, Computer, Communications
Skills for Loan Originator
Desired skills for loan originator include:
Desired experience for loan originator includes:
Loan Originator Examples
Loan Originator Job Description
- Coordinate closing details with client – final payment, rate, cash to close
- Source and screen potential loans for the platform, utilizing a sound understanding of Bayview’s lending programs and standards to determine if loan opportunities fit one of the lending programs
- Prioritize assignment to deliver expected work-product on a timely basis
- Participate in meetings with individuals across the firm (servicing or otherwise) to resolve any portfolio management issues
- Exercise exemplary corporate citizenship including strict adherence to compliance requirements and Bayview’s tenets
- Originate senior loans, mezzanine loans, preferred equity investments and loans with a Multifamily focus ($1 to $100 million) nationwide
- Consults with clients about their lending needs to help them achieve their financial goals, including the collection and analysis of information about the client’s financial situation in order for formulate a new application and match the applicant with financing solutions
- Conducts preliminary qualification, credit analysis and pre-underwriting review
- The Loan Originator maintains the client relationship during the application and closing process
- Maintains pipeline management- Prepares, discloses, and submits timely and accurate loan files
- Working knowledge of all major investors and their program guidelines
- Ability to remain up to date on Summit’s programs and guidelines
- Professional, pleasant, and patient in demeanor
- Demonstrate outstanding customer service skills and attention to detail
- Ability to quote interest rates and lock loans
- Must have excellent verbal and written communication skills, including the ability to communicate effectively with individuals from a wide variety of backgrounds
Loan Originator Job Description
- Establishes, develops and maintains client referral relationships with Realtors, Attorneys, Builders, Developers, General Contractors, in order to develop new business and/or retain existing business
- Keeps informed of DLS's internal underwriting, processing, due diligence, and closing requirements those of external lenders
- Responsible for the overall customer interaction and interface with all parties involved on each individual loan that is originated from application to closing including prequalifying potential borrowers
- Minimum three years of experience originating loans required
- Previous Capital Markets and Multifamily real estate experience preferred
- Bachelor’s degree from a prestigious University
- Ability to work in a highly paced and dynamic environment preferred
- Knowledge of CMBS lending criteria (general knowledge of rating agency and overall market requirements), floating rate lending structures, ability to analyze cash flows and real estate business plans
- Finance, business, or project coordination experience is preferred
- BA/BS degree in finance, economics, real estate, or related discipline preferred
- Knowledge of Argus Software, Bloomberg, Reis, and CoStar a plus
- Self-motivated worker with the ability and flexibility to work in a dynamic, team setting independently
Loan Originator Job Description
- Able to use a computer and familiar with Microsoft programs
- Enthusiastic and outgoing personality with strong verbal and written communication skills
- Appropriately assertive
- A high need to be personally and professionally successful
- Committed to ethical business and personal behavior
- Ability to study material independently
- Facilitate needs based selling of mortgage and consumer lending products over the phone
- Cross sell other bank products and services as appropriate to meet customer needs
- Meet sales, service quality, and productivity goals on both an inbound and outbound basis
- Handle inquires from customers and prospects on mortgage and consumer loans
- Advocate for customer needs, making logical decisions that balance customer needs with bank objectives
- One to two years as a Loan Originator or a Loan Originator Associate preferred
Loan Originator Job Description
- Must hold State NMLS or obtain applicable State license within 90 days of employment
- Facilitate needs based selling of mortgage and consumer lending products via telephone and internet
- Originate and manage large quantities of loans utilizing a variety of lead sources
- Cross sell other bank products and services as appropriate to meet customer needs while producing superior service to existing customers prospects
- Meet or exceed sales, service quality, and productivity goals on both an inbound and outbound basis
- Handle inquiries from customers and prospects on mortgage consumer loans by phone and internet
- Ability to obtain NMLS License and meet specific state required training requirements
- Must be able to express or exchange ideas by means of the spoken word and convey detailed or important spoken instructions to other workers accurately
- Must be able to perceive the nature of sounds at normal speaking levels with or without correction
- Must be able to receive detailed information through oral communication and to make discriminations through sound
- Must be able to perform substantial repetitive motions of the wrists, hands and or fingers
- Must be able to perform sedentary work occasionally exerting up to 10 pounds of force and to frequently lift, carry, push, pull or otherwise move objects
Loan Originator Job Description
- Five+ years experience as a Loan Originator or a Loan Originator Associate preferred
- Work with existing loans and customers
- Generate and follow up on leads to grow the loan portfolio
- Complete initial intake from customers for underwriting to review the file
- Work with the team and clients to provide amazing customer service
- Attend auctions, events, industry shows, sheriff sales, and canvas target markets
- Calculate loan to values, consider credit and debt to income positions compare a variety of products, programs, and pricing in order to make appropriate recommendations
- Originate and manage large quantities of loans utilizing different lead sources
- Cross sell other bank products and services as appropriate
- Meet or exceed sales, service quality, and productivity on goals on inbound and outbound calls
- Handling customer inquires
- Calculate loans to value and consider credit and debt income positions