Job Description

Job Title: Internal Mortgage Loan Originator

Location: New Jersey

Employment Type: Permanent

Purpose of Position:
The Internal Mortgage Loan Originator is responsible for maintaining a consistent flow of loan volume through collaboration with real estate brokers, referrals, and company-provided lead sources. These include direct mail marketing, online applications, and Branch Manager referrals.

This role will be an in office/hybrid position, however could be fully remote depending on the experience of the applicant. Leads will be provided as well!

Key Responsibilities:
- Collect and accurately complete loan applications with information from borrowers.
- Analyze borrower income and debt to pre-qualify them, determining the maximum mortgage they can afford.
- Counsel borrowers on the home buying and financing process, advising on different loan products and demonstrating variations in closing costs and monthly payments.
- Provide necessary disclosures, such as truth in lending and good faith estimates.
- Assist borrowers in understanding and resolving credit issues.
- Maintain consistent communication with borrowers, realtors, and lenders from application to closing, providing updates and gathering additional information as needed.

Qualifications:
- Must possess the appropriate state license or certificate for New Jersey.
- Thorough knowledge of pricing and underwriting requirements of various mortgage insurance companies.
- Working knowledge of credit underwriting and property eligibility for FNMA, FHLMC, FHA, VA, local bonding programs, and private investors.
- Familiarity with local, state, and national laws, including zoning ordinances, Truth-in-Lending, RESPA, and energy audit requirements.
- Excellent communication skills with the ability to analyze financial information.
- Self-motivated and sales-oriented.

#RIMUS