Mortgage Loan Originator (Loan Officer)

U.S Mortgage Corporation - Cleveland, OH

Full-time - Entry Level

Cleveland, OH

Credit Intermediation and Related Activities

About the position

As a Mortgage Loan Originator (Loan Officer) at US Mortgage Corporation, you will play a crucial role in the mortgage lending process by directly soliciting, originating, and supervising mortgage loans from application to closing. Your primary responsibility will be to assist customers in navigating the complexities of mortgage loans, ensuring they receive the best possible service and advice throughout the process. You will be expected to negotiate and counsel applicants regarding loan interest rates and terms, providing them with clear and accurate information to help them make informed decisions. In addition to working directly with clients, you will represent the company to the public through various means of communication, including advertising and promotional materials. This will involve researching and developing innovative marketing strategies to attract new clients and maintain relationships with existing ones. Establishing and nurturing referral relationships with realtors, accountants, financial planners, builders, and developers will be essential for generating new business opportunities. You will also be responsible for collecting and distributing information provided by applicants to the company's Processing and Underwriting Department, ensuring that all loans are originated in compliance with the company's policies, federal, state, and local laws, as well as investor guidelines. Proper documentation is critical, and you will need to ensure that all necessary paperwork is prepared, maintained, and readily available for inspection. Maintaining ethical standards is paramount in this role. You will be required to inform the company of any incidents or concerns regarding illegal or unethical behavior, ensuring that all closed loan documents are stored securely and accessible when needed. Additionally, all marketing and advertising efforts must receive pre-approval from the company, and you must adhere to guidelines regarding telemarketing and social media use. Your commitment to the company will be reflected in your dedication to providing borrowers with the most appropriate financing options, ensuring they are not steered towards products based solely on compensation. You will be expected to devote your productive time and skills exclusively to the company's interests during your employment.

Responsibilities

• Soliciting, originating, and supervising mortgage loans from application to closing.
• Negotiating and counseling applicants about loan interest rates and terms.
• Representing the company through advertising and promotional materials.
• Researching and developing marketing strategies to attract new clients.
• Establishing and maintaining referral relationships with realtors, accountants, financial planners, builders, and developers.
• Collecting and distributing information provided by applicants to the Processing and Underwriting Department.
• Ensuring compliance with company policies, federal, state, and local laws, and investor guidelines.
• Preparing and maintaining proper documentation for all loans originated.
• Informing the company of any incidents or concerns regarding illegal or unethical behavior.
• Storing closed loan documents securely and ensuring accessibility when needed.
• Obtaining pre-approval for all marketing and advertising efforts.
• Adhering to telemarketing guidelines and social media use policies.
• Providing borrowers with appropriate financing options and ensuring ethical lending practices.

Requirements

• Proven experience as a Mortgage Loan Originator or similar role.
• Strong understanding of mortgage lending processes and regulations.
• Excellent negotiation and counseling skills.
• Ability to develop and implement effective marketing strategies.
• Strong interpersonal and communication skills for building client relationships.
• Detail-oriented with strong organizational skills for documentation management.
• Ability to work independently and manage time effectively.

Nice-to-haves

• Experience in a sales-oriented environment.
• Familiarity with local real estate markets and trends.
• Knowledge of various loan products and financing options.

Benefits

• Competitive salary and commission structure.
• Opportunities for professional development and training.
• Supportive work environment with a focus on ethical lending practices.