Mortgage Originator Job Description
Mortgage Originator Duties & Responsibilities
To write an effective mortgage originator job description, begin by listing detailed duties, responsibilities and expectations. We have included mortgage originator job description templates that you can modify and use.
Sample responsibilities for this position include:
Mortgage Originator Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Mortgage Originator
List any licenses or certifications required by the position: NMLS
Education for Mortgage Originator
Typically a job would require a certain level of education.
Employers hiring for the mortgage originator job most commonly would prefer for their future employee to have a relevant degree such as Collage and Bachelor's Degree in Education, Associates, Business, Finance, Real Estate, Finance/Accounting, Accounting, Computer, Communications, Government
Skills for Mortgage Originator
Desired skills for mortgage originator include:
Desired experience for mortgage originator includes:
Mortgage Originator Examples
Mortgage Originator Job Description
- Review pre-approval applications and issue pre-approval certificates to qualified candidates
- Actively participate in area community lending activities by attending meetings and seminars and by soliciting applications for loan programs designed for those members
- Monitor activity through the pipeline process and respond to requests for information and applications in a timely manner
- Perform initial submission to Loan Prospector to obtain decisions and be able to advise applicant of correct fees and documents needed to process the loan
- Demonstrate a full understanding and knowledge of current policies regarding credit, appraisal, PMI and secondary market requirements for mortgage and cross sell product line, general knowledge of consumer loan products
- Promptly respond to members' inquiries, providing accurate information regarding real estate loan programs
- Provide Sales Manager / VP Sales with a regular recap of all contacts made outside of the office in order to solicit mortgage referrals
- Establish rapport with area real estate brokers, soliciting referrals for mortgage applications, providing training seminars for agents, and providing current rates and mortgage program information
- Provide mortgage consultations for members at a suitable location
- Work closely with branch and Call Center staff to provide prompt service to membership
- Recommend to applicants the best program to suit their needs, and advise them of their ability to qualify for a mortgage
- Assist applicants in completing and submitting mortgage loan applications
- Discuss problems regarding information received in order to expedite the application processing
- Demonstrate understanding of closing functions and discuss problems with attorney and/or title company
- Participate in the development of new loan originations procedures under the direction of the Sales Manager / VP Sales
- An Associate’s degree or equivalent plus a minimum of 3 years of lending experience is required
Mortgage Originator Job Description
- Communicate and deliver on prospective and existing client expectations and milestones
- Devise marketing events and campaigns to foster portfolio growth
- Maintain reports and notes within the origination software and customer relationship management systems
- Review new leads daily and contact them to earn their business
- Daily Pipeline Management (loan application to funding process) to ensure that the loan process goes smoothly for all parties involved
- Make presentations on loan products in sales meetings and with Sales staff in builder communities
- Quickly respond to Operations in order to facilitate an efficient loan process
- Provide necessary disclosures to a loan applicant within a timely manner in accordance with regulations
- Conduct all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company
- Market the company’s products and services accurately and effectively to potential business sources
- Continue to comply with NYS law and SAFE Act requirements of 11 hours continuing education (topics to be determined) every year thereafter
- Maintain compliance with all that is required to be a licensed Mortgage Loan Originator
- Detailed knowledge of all internal programs and applications E3, CRM
- Driver’s License is necessary to be able to travel to branches and appointments
- Must have or ability to obtain Mortgage Loan Originator License with NMLS
- Must maintain employer and industry required continuing education
Mortgage Originator Job Description
- Tracking conditions, emails and follow up communication with Lenders
- Researching and pulling online information
- Maintains contacts and good working relationships with real estate brokers, attorneys, and builders to assure a favorable image of Collegiate Peaks Bank and to provide information regarding current loan policies and procedures
- Receives inquiries from prospective customers regarding all types of mortgage loans, provides requested information regarding the organizations lending policies and procedures
- Participate in Community Service and Bank sponsored activities that serve and support the mission and values of Collegiate Peaks Bank
- Represent Collegiate Peaks Bank in a professional manner which includes a professional image, confidentiality, a positive “can-do” attitude, good attendance, punctuality, flexibility and adaptability in meeting bank and customer needs
- Thorough knowledge of FHA, VA, and CONV products and guidelines
- Incumbents are required to maintain their registration active, and current, with the National Mortgage Licensing System throughout their employment
- Knowledge of Fannie Mae and Freddie Mac guidelines is required
- Strong interpersonal skills High level of independent judgement Strong problem solving skills Ability to work independently Basic Accounting skills – ability to analyze and understand tax returns, P&Ls, income statements and ability to prepare thorough, accurate self employed income analysis
- Ability to compute discount, interest, profit, and loss
- Bachelor’s degree in related field (forestry, agriculture, real estate, finance, or law)
Mortgage Originator Job Description
- 5+ years of experience working with FNMA/FHLMC guidelines and standard industry guidelines required
- FNMA/FHLMC Exp (5 years of experience is preferred)
- Federal Lending Regulations (5 years of experience is preferred)
- State Fair Lending (5 years of experience is preferred)
- Respa EXP (5 years of experience is preferred)
- Respa, Reg Z, Ecoa (5 years of experience is preferred)
- Established network of key contacts and prospects preferred
- Excellent oral, written and interpersonal communication, and ability to engage multiple assignments from multiple stakeholders
- Commercial credit analysis and evaluation
- Ownership mindset with strong work-ethic, curiosity, and initiative
- 2 – 4 years of Mortgage origination experience is preferred
- One to two years of related experience and/or training
Mortgage Originator Job Description
- Working knowledge of Conventional, Jumbo and FHA/VA guidelines
- Proficient knowledge of Microsoft Office, Word and Excel
- Ability to apply logical or critical thinking to define problems, collect data, establish facts, and draw conclusions
- Ability to interpret a variety of technical instructions and can deal with multiple variables
- Communicate effectively both verbally and in writing with others in a clear, thorough and timely manner
- Demonstrate a high level of organization, ability to prioritize and multi-task with attention to detail and accuracy, manage multiple projects, demonstrate self-motivation and ability to follow through with tasks
- Verification of Employment (5 years of experience is preferred)
- Verification Of Mortgage
- Verification of Deposits
- Verification of Bank Statement
- Required to maintain their registration active, and current, with the National Mortgage Licensing System throughout their employment
- 2 years experience in mortgage lending preferred