Mortgage Consultant Job Description
Mortgage consultant
provides general mortgage expertise to Residential Lending management, Mortgage Loan Services, and other departments.
Mortgage Consultant Duties & Responsibilities
To write an effective mortgage consultant job description, begin by listing detailed duties, responsibilities and expectations. We have included mortgage consultant job description templates that you can modify and use.
Sample responsibilities for this position include:
Identifying opportunities to improve efficiency and quality of processes and tools
Order and review all necessary AUS, appraisal and title documentation, all required credit and underwriting documentation
Identify, develop and follow up on cold and warm sales leads for mortgage lending to consumers within diverse communities including low-moderate income, multi-cultural, first-time homebuyer and workforce segments
Develop, cultivate and maintain relationships with borrowers and mortgage team
Collaborate with operations staff (particularly Processors, Underwriters and Closers) to ensure that the loan applications are fully completed, that the necessary supporting documentation is received and that the loans close on schedule
Coordinate loan closing, escrow signing and assisting borrowers in the closing process
Understand and comply with mortgage industry regulations, including the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, Truth in Lending Laws
Understand and clearly communicate various mortgage products and features, that resonate with aspirational homeowners including FHA, VA and Conventional loan terms special programs provided through public subsidies such as Bond Programs, Down Payment Assistance, Mortgage Credit Certificates, while ensuring that borrowers are put into a loan program for which they qualify
The most recommended company in the property sector
Recognised as one of the best places to work in the UK
Mortgage Consultant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Mortgage Consultant
List any licenses or certifications required by the position: SSL, CIA, CPA, PMP
Education for Mortgage Consultant
Typically a job would require a certain level of education.
Employers hiring for the mortgage consultant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Finance, Education, Accounting, Associates, Marketing, Business/Administration, Economics, Financial Services, Performance
Skills for Mortgage Consultant
Desired skills for mortgage consultant include:
Agency guidelines for standard conventional mortgage lending programs applicable affordable housing financing tools
HUD insured mortgage products and programs
Financial services products and services
Call center operations best practices
Laws and regulation that govern consumer lending
Privacy
RESPA
TRID
Microsoft Word and Excel
Closing procedures
Desired experience for mortgage consultant includes:
Be self-motivated, having experience of coaching other team members and providing feedback
Be customer-centric and passionate about delivering an exceptional customer experience with excellent relationship and rapport building skills
Be able to work effectively independently and in a team environment supporting your colleagues as and when necessary
Be fully CeMAP (or equivalent) qualified
Have experience working within the mortgage industry
Be ambitious and motivated
Mortgage Consultant Examples
1
Mortgage Consultant Job Description
Job Description Example
Our company is looking for a mortgage consultant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for mortgage consultant
- Interview applicants to develop information concerning their needs, desires and earnings to assist in determining whether the loan will be an acceptable risk
- Comply with all federal and state laws, internal policies and procedures
- Be tasked with multiple responsibilities that include inbound /outbound queue management, team leadership duties, handling and assisting fellow team members with ultra-high net worth loans
- Form deep working relationships with Financial Advisors and Private Bankers in the field
- Assist in providing expert advice and problem solving skills to help meet client mortgage needs
- During client conversation, will speak to how title, vesting, trust and holdings impact the loan solutions and options
- Assist in the design, development of systems and procedures including testing, training and recruitment efforts
- Research and complete impact assessment upon receipt of legal, regulatory and agency changes to identify operational applicability and key stakeholders
- Partners with peer analysts, Mortgage Servicing Business Lines, Legal and Risk to appropriately assess and document operational impact or confirm operational compliance with regulatory changes
- Works in partnership with peers to initiate analysis on regulatory changes that impact Mortgage Servicing
Qualifications for mortgage consultant
- Experience in serving the credit needs of low-to-moderate income and minority individuals preferred
- Be fully CeMAP qualified
- CeMap Qualified
- Minimum 2 years as a mortgage broker
- Will be required to register with the federal Nationwide Mortgage Licensing System and Registry (NMLSR) as required by S.A.F.E
- Required to have an existing license through the Nationwide Mortgage Licensing System (NMLS)
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Mortgage Consultant Job Description
Job Description Example
Our company is looking to fill the role of mortgage consultant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for mortgage consultant
- 25% - Complete and submit complete, high-quality comprehensive loan packages to centralized processing center and manage pipeline
- 10% - Ensure compliance with all bank and regulatory compliance requirements and guidelines including Fair Lending and Community Reinvestment Act objectives
- 5% - Meetings, training and other duties as assigned
- 25% Pull credit report and review for program guidelines
- 20% Contact borrowers for missing documentation or other information needed for underwriting
- Helping the process from mortgage application to house purchase by liaising with the Mortgage Advisor and progressing any outstanding work in the process
- Updates from mortgage lenders
- Administration work on application packs and updating advisers on any progress
- Coordinates and executes testing for multiple, major applications
- Complete gap assessments timely, including comparing new requirements to current processes and identifying needed changes
Qualifications for mortgage consultant
- High School or GED and a minimum of two years of related mortgage loan origination experience or equivalent combination of education and experience
- Have relevant experience in mortgage advice
- Bi-lingual in Mandarin, Cantonese or Chinese is strongly preferred
- Bi-lingual skills in English and Mandarin/Cantonese strongly preferred
- Team player with willingness to assist and help other team members
- Considerable knowledge of applicable investor guidelines, laws, regulations, financial services, and regulatory trends that impact the mortgage default line of business
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Mortgage Consultant Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of mortgage consultant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for mortgage consultant
- Establishes relationships and interacts directly with department leadership/managers
- Escalates high-impact and high-risk initiatives to appropriate parties
- Ensures appropriate support groups are engaged, as applicable, and coordinates various groups’ activities to ensure effective implementation
- Submits requests for corporate approvals, as appropriate
- Work with Mortgage Consultants to learn and potentially develop sales from independent sources and through designated branches, realtors, and builders
- Train to interview applicants in discussing their mortgage requirements and obtain credit history and income information (applications are completed by hand and then data entry task is performed)
- Ownership and development of the senior client relationships across the mortgage financial services industry, mortgage advisors/broker partners and also key mortgage aggregation sites like Price Comparison or online advisors
- Manage a portfolio of lender relationships to be part of our mortgage panel
- Deliver against the mortgage vertical revenue targets by supporting the commercial team to produce proposals, major bids responses, request for pricing and developing a new business pipeline
- Shape the commercial model for various implementations of HD’s mortgage technology
Qualifications for mortgage consultant
- Strong business acumen and credibility to help business line(s) proactively identify and address changing needs
- Independent with the ability to research, move projects forward, and challenge issues of concern
- Comfortable with proactively building relationships with Business Line leaders and partners
- Strong analytical problem solver who feels comfortable using his/her judgment and helping others exercise appropriate judgment
- Organized with high follow-through on projects and tasks
- Must have a solid understanding of appraisals, title reports and product guidelines
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Mortgage Consultant Job Description
Job Description Example
Our company is looking for a mortgage consultant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for mortgage consultant
- Influencing senior teams both internally and externally to deliver against our strategic roadmap
- Leveraging expertise within the mortgage and pre-qualification markets to explore new concepts with potential or existing partners
- Conduct client business reviews, providing subject matter market and product expertise
- Manages project plans, resources, and commitments to the customer
- Consultative subject matter expert in identifying and documenting the business and financial benefits of loan origination automation, through the use of credit decisioning systems, and the development of associated Strategic Business Plans in support of allocation of necessary project budget by the Customer for execution, particularly within larger credit provider organizations
- Identify the various buying influences and industry issues facing the customer’s organization, and capture business benefits and return on the client’s investment
- Work collaboratively with the customer and internal resources to develop and document a multi-year multi-phased Strategic Business Plan
- Will provide some pre-sales / sales support around use cases, ROI, and system to system integration support
- Escalates issues to appropriate levels as required
- Keep abreast of trends and developments in the local real estate market, the changing rules and regulations pertaining to mortgages
Qualifications for mortgage consultant
- Excellent source of leads from branch network
- Truly tailored financial advice service to clients
- Training from the Largest Property group in the UK
- Progression Opportunity
- Elite Offices
- Uncapped Bonus
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Mortgage Consultant Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of mortgage consultant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for mortgage consultant
- Engages with consumers, determines their needs, offers the appropriate product, and gather necessary documents to submit for processing
- Manage marketing database for branch
- Manages and monitors the referral program
- Participates in sales initiatives according to business needs
- Handling calls for orientation, pre-qualification, sales and origination of mortgage loans, according to the prospectus
- Working as part of the Risk Partnering team supporting all areas of the Society that talk to the member, you’ll be working collaboratively with colleagues to appropriately identify, assess, manage, monitor and review all the key risks
- Assessing emerging risks and control effectiveness using corporate risk management systems to provide insightful reports to executive management and committees in line with Group risk expectations
- Working collaboratively with key business stakeholders to maintain an awareness of industry, corporate and community 'change activity' which may give rise to risk events
- Providing risk advice and present formal risk assessments / committee papers to promote the delivery of fair outcomes and good experience for members
- Helping to build a robust, compliant risk framework to keep Nationwide, its members and customers safe
Qualifications for mortgage consultant
- Employee benefits including company car or car allowance
- Previous experience required as a mortgage broker
- Be able to demonstrate strong protection sales and knowledge
- Familiarity with BKI products (MSP/Passport/Director) and services highly preferred
- Industry knowledge with the ability to review, understand and interpret applicable laws, regulations, regulatory trends and financial servicing bulletins that impact Mortgage, Servicing and Default
- Experience and advanced understanding of the business line’s operations products/services, systems, and associated risks/controls which includes mortgage servicing, default and REO operations