Loan Originator Job Description

Loan Originator Job Description

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Loan originator provides assistance with questions and/or inquiries regarding all mortgage loan programs, mortgage insurance and private investor programs, policies and procedures.

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:

Stays abreast of trends and developments in the local real estate market and competitive environment, , changes in rules and regulations pertaining to private and government insured mortgages
Actively be involved in or a member of local and national commercial real estate organizations such as MBA, CCIM, Apartment Owners Associations
Collaborate with all team members and provide a team approach with professionals in the local office
Reviews and evaluates current loans to ensure compliance with terms
Building and maintaining long-term relationships and partnerships with your accounts
Training and educating accounts on UWM's Easiest Application System Ever (EASE), programs, products and processes
Your accounts should come to you for all answers regarding the mortgage industry
Providing world class client service to accounts in 50 states
Building and maintaining long-term relationships and partnerships with your broker accounts in all 50 states
Acting as your clients’ go-to resource for guidance and solutions

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:

FHA
VA
FHLMC
Local bonding programs
Pricing and underwriting requirements of various mortgage insurance companies
Private investors
Underwriting requirements for FNMA
Local
State and national laws
Systems

Desired experience for loan originator includes:

Bilingual Spanish/English speaking is a plus
Associate's degree and three months to one year related experience and/or training
Delivering up to the minute information about the latest products, resources and industry updates
Championing your brokers and striving to make every loan a success story
One to three years of experience in residential mortgage loan origination
Knowledge of conventional and government guidelines

Loan Originator Examples

1

Loan Originator Job Description

Job Description Example
Our company is searching for experienced candidates for the position of loan originator. 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 loan originator
  • 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
Qualifications for loan originator
  • 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
2

Loan Originator Job Description

Job Description Example
Our company is looking for a loan originator. 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 loan originator
  • 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
Qualifications for loan originator
  • 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
3

Loan Originator Job Description

Job Description Example
Our innovative and growing company is hiring for a loan originator. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for loan originator
  • 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
Qualifications for loan originator
  • 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
4

Loan Originator Job Description

Job Description Example
Our company is growing rapidly and is looking for a loan originator. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for loan originator
  • 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
Qualifications for loan originator
  • 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
5

Loan Originator Job Description

Job Description Example
Our company is hiring for a loan originator. 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 loan originator
  • 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
Qualifications for loan originator
  • 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

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