Mortgage Originator Job Description
Mortgage originator
provides excellent customer service from approval through closing, working closely with loan origination sources to secure and verify all information required for underwriting.
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:
Stays current with bank's underwriting policy, investor guidelines, applicable State and Federal laws and regulations, and changes in other aspects of the mortgage industry
Partner with creative teams to define creative needs
Develop a business presence in the local real estate community to include a network of Realtors, builders, and personnel/relocation offices
Constantly review 1st Mortgage pipelines for review loans that may require the expertise of a manager, such as fraud, suspensions and denials other than auto-declines by the system
Review equity loans for final disposition
Reviews automated loan decision and findings with member
Be respectful, consistent and motivated
Resolve member problems professionally whether over the phone, in person or through correspondence
Knowledge - Maintain required knowledge, skills and abilities in assigned area of expertise, including the laws, standards, fundamentals, methods, procedures, and techniques required for job
Participate in the management and administration of commercial real estate loan investments in the Field Office portfolio, including annual mortgage ratings, collateral valuations, property inspections, lease approvals, and loan assumptions and modifications
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:
Closing procedures
Conventional and government lending guidelines residential mortgage processing
Excel and Outlook
Microsoft Word
Underwriting
Ability to leverage that information in creating customer solutions
Ability to perform loan origination activities while adhering to established policies and procedures
Ability to read
Interpret and draw accurate conclusions from financial and numerical material
Methods and technologies used to process new loan applications
Desired experience for mortgage originator includes:
Knowledgeable of Mortgage products, systems, terminology, tax requirements
Must have excellent phone etiquette with articulate use of the English language
Must be detail oriented and results driven with a focus on customer service
Must have excellent interpersonal, follow-up, and relationship building skills
Must have excellent written and communication skills the ability to use different computer software programs related to loan origination and customer relationship management
High level of customer service and attention to detail
Mortgage Originator Examples
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Mortgage Originator Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of mortgage 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 mortgage originator
- 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
Qualifications for mortgage originator
- 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
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Mortgage Originator Job Description
Job Description Example
Our growing company is hiring for a mortgage originator. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for mortgage originator
- 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
Qualifications for mortgage originator
- 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
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Mortgage Originator Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of mortgage originator. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for mortgage originator
- 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
Qualifications for mortgage originator
- 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)
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Mortgage Originator Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of mortgage 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 mortgage originator
- 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)
Qualifications for mortgage originator
- 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
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Mortgage Originator Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of mortgage 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 mortgage originator
- 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
Qualifications for mortgage originator
- 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