Mortgage Loan Originator (Loan Officer)

U.S Mortgage Corporation - Dearborn, MI

Full-time - Entry Level

Dearborn, MI

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 loan process, ensuring they receive the best possible service and advice regarding their mortgage options. You will be expected to negotiate and counsel applicants on loan interest rates, 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 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 necessary information 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. Maintaining proper documentation and ensuring that all closed loan documents are stored securely in the company's document storage system will be part of your duties. You will need to inform the company of any incidents or concerns that may arise during the loan process, ensuring transparency and adherence to ethical standards. Furthermore, you will be required to ensure that all marketing and advertising efforts are pre-approved by the company and comply with relevant regulations, including the Do Not Call list. You will also need to manage your online presence, ensuring that any social media or website content related to financing residential real estate is approved by the company. Communication with borrowers must be conducted through corporate email to maintain professionalism and compliance with company policies. Your role will require you to advise borrowers on the most suitable financing options without bias towards maximizing compensation, ensuring that they are only guided to close loans when there is a reasonable belief in their ability to repay.

Responsibilities

• Soliciting, originating, and supervising mortgage loans from application to closing.
• Negotiating and counseling applicants about loan interest rates.
• Representing the company through advertising and promotional materials.
• Researching and developing marketing strategies to attract new clients.
• Establishing and maintaining client referral relationships with realtors, accountants, financial planners, builders, and developers.
• Collecting and distributing information to the Company's Processing and Underwriting Department.
• Ensuring compliance with company policies, federal, state, and local laws, and investor guidelines.
• Maintaining proper documentation for all originated loans.
• Storing closed loan documents in the company's document storage system.
• Informing the company of any incidents or concerns regarding loan processes.
• Ensuring all marketing and advertising efforts are pre-approved by the company.
• Managing online presence and ensuring compliance with company policies regarding social media and websites.
• Communicating with borrowers through corporate email only.
• Advising borrowers on appropriate financing options without bias.

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.
• Detail-oriented with strong organizational skills.
• Ability to work independently and manage time effectively.
• Familiarity with document storage systems and compliance requirements.

Nice-to-haves

• Experience in developing client referral relationships.
• Knowledge of local real estate market trends.
• Familiarity with various loan products and financing options.
• Proficiency in using mortgage software and tools.

Benefits

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