Loan Officer-Mn

Summit Mortgage Corporation is looking and hiring licensed Mortgage Loan Officers now at our corporate headquarters in Plymouth, MN and at any of our Multi-State branches. The Loan Officer will develop loan applications by evaluating applicant information and documentation, developing relationships within the community, and producing high quality loans while providing excellent customer service.

Compensation for this position is primarily commission based where your performance will determine earning potential. Summit offers flexible compensation plans, including P&L options. Choose your margin, pick your compensation! Regardless of your compensation choices, Summit only had one thin layer of upper management - this savings is passed along to our originators to keep rates sharp! Summit Mortgage offers health, dental, vision, and 401k options. Apply Now if interested to help aspire borrowers fulfill the dream of home ownership.

Summit is licensed is these states currently and is growing: AZ, CA, CO, DE, FL, ID, LA, MI, MN, MT, NJ, NC, ND, OR, PA, SD, TX, UT, VA, WA, WI, WY

Summary

The Loan Officer will develop loan applications by evaluating applicant information and documentation, developing relationships within the community, and producing high quality loans while providing excellent customer service.

Responsibilities

This description does not represent a complete list of all the performance expectations and characteristics of individuals required to perform this position accurately. Summit Mortgage Corporation reserves the right to change this description as needed to meet the needs of the business.

• Develop lending relationships with Realtors, builders, developers, and other sources of loan referrals to generate loan volume within the market area
• Meet with potential customers in the office, their homes, or other locations
• Engage in marketing and promotional activities to increase prospects
• Obtain required documentation from prospective borrowers
• Lock loan terms with the end investor when the prospective borrower agrees on the loan product and terms
• Maintain regular contact with the prospective borrower between application, closing, and final sale to the investor to apprise the prospective borrower of the status of the application and gather any additional information as needed; attend loan closings
• Comply with mortgage procedures by maintaining accurate mortgage records and following Summit Mortgage, regulatory, and investor guidelines
• Stay abreast of trends and developments in the local real estate market and the competitive environment, as well as new rules and regulations pertaining to both private- and government-insured mortgages
• Maintain a professional image and standards consistent with Summit Mortgage policies and procedures

Requirements

To perform this position successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

• Associates degree or 2 years of related work experience in lieu of a degree
• One year of loan origination experience in all phases of residential mortgage origination
• Two years of mortgage loan origination experience preferred
• Licensed as a SAFE Act compliant Mortgage Loan Originator
• Ability to type at least 50 wpm with a high degree of accuracy (90% or better)
• Knowledge of FHLMC and/or FNMA and FHA/VA and private mortgage insurance requirements
• Strong verbal and written communication skills
• Demonstrated customer service skills with a strong ability to take initiative and stay motivated
• Effective prioritization and organization skills
• Ability to work effectively under time constraints and have flexibility in scheduling