Job Title: Loan Officer 

 

Job Location: Multiple Locations (Virginia: Fairfax, Fredericksburg, Woodbridge; Maryland: Hanover; North Carolina: Raleigh; Georgia: Atlanta; South Carolina: Charleston)

Job Description: You are responsible for obtaining new mortgage loans. The means is up to you, but the typical means are through realtor relationships, financial services organizations, professional organization membership, and builder relationships,

 

You will consult with the borrower on the best loan program based on their unique circumstances. You will take a complete loan application and pre-qualify the borrower prior to submitting loans to underwriting. You will act with the borrower's best interest in mind, and will represent our organization with high integrity.

Job Requirements: You will either have your NMLS license or will be able to obtain it. You will have at least 2 years of loan origination experience, and will consistently produce at least $1.5 million in new business monthly.

Company Description: Correspondent lender voted Best Lender by Mortgage Executive Magazine, Scotsman's Guide, Washington Business Journal, and who has been in business 30 years. Well-known and well-respected lender in northern Virginia. This company has very little turnover, with easy access to the CEO to help make loans work. In addition, they have builder relationships with new communities that they hand to their employees. They really do!

Basis Points: This really just depends on the market. It's not a trick question, but in markets that are more competitive, in order to get the business, you may have to cut your commission. Typically BP's range from 80-120.

The Sizzle: Company gives builder communities to employees. The ratio of spot business to builder business varies (and it's not formulaic as it depends on your ability as well), but it can be 1:3 or 1:4. Either way, quite generous! In addition, this lender does not like to lose loans, and aside from the large banks who sometimes buy the market, they typically don't lose loans. They also have very little turnover, and the company culture is second to none. Very professional environment where employees are valued and respected.