Loan Originator rec

Loan Originator Tempe, AZ rec
REC10019092 Updated: May 16, 2020

OPENINGS: 100
JOB TYPE: Direct Hire
LOCATION: Tempe, Arizona, United States, 85284
INDUSTRY: Banking
SALARY: $29,000.00 - $30,000.00 / year
CATEGORY:
EDUCATION: Bachelor's Degree
EXPERIENCE: <2 years
TRAVEL: Never
RELOCATION ASSISTANCE: No - Local candidates only
WORK ELIGIBILITY:
FEES: $1,350 Flat Fee
CANDIDATE GUARANTEE TERMS: 60 days
PAYABLE TERMS: 90 days
DATE UPDATED: May 16, 2020
DATE POSTED: Nov 30, -0001
JOB DESCRIPTION
We pay for all the leads that you need to be a successful loan originator!

Other reasons to join:

We are a top lender
One of the nation’s largest servicers
Publicly traded – strong financial backing
All leads provided, in house servicing portfolio of over 4 million borrowers
Leads provided through inbound and outbound opportunities
DTC division increase by 150% in volume since 2018
We originate within 49 states plus DC
Company paid sponsorship & Continuing Education
Excellent lead management system, extremely effective- Sales Force
Full-service processing, Mortgage consultants are responsible for getting the initial docs signed and then passed off to inhouse servicing team
We offer

Numerous products such as FHA, VA, Conventional, Jumbo, HARP, USDA, 203k, and proprietary portfolio products
Paperless submissions and e-disclosures
Strong management and training team to assist in reaching your true potential
Local processing and fast turn times
Generous compensation package
Responsibilities:

Originate first home mortgages and refinance loans by responding to company-provided leads via phone in a timely manner from: internet, direct mail campaigns, referrals or other special marketing campaigns
Provide superior customer service skills by responding to company-provided leads in a timely manner from: internet, direct mail campaigns, radio ads, referrals or other special marketing campaigns
Originate first home mortgages and refinance loans
Engage with consumers, determine their needs and offer the appropriate products
Take mortgage loan applications by phone and prepare effective loan proposals
Obtain all necessary information to close the loan in a timely manner, including but not limited to: credit reports, income verification, appraisals, lien searches, etc.
Meet individual monthly sales goals
Stay informed of developing trends in the mortgage industry
Qualifications:

Experience using persuasive, selling communication skills
Previous experience in a call center environment
Work efficiently and accurately with proven success in a fast-paced environment
Detail-oriented with demonstrated, careful decision-making skills
Working independently with minimal supervision
Passing a background check for state licensing
Origination experience in the mortgage or banking industry required
Must possess minimum of 10 state licenses
Must have originated a loan in the past three months
Maintenance of mortgage licenses by completing mandatory annual continuing education
A solid understanding of appraisals, title reports and product guidelines
BENEFITS
Medical, Dental, Vision, 401-K, Vacation Time, Holidays paid off

QUESTIONS FROM THE EMPLOYER
You will be required to answer the following questions when submitting a candidate to this job
Does the candidate have at least a year of call center Loan Origination experience?
How many active NMLS state licenses does the candidate possess?
How many loans have you submitted over the past 90 days? How many of those have closed?
How many years of experience do you have originating loans? How many of those years have been originating in a call center environment?
How do you rate your knowledge of FHA, VA HARP, USDA AND 203K products (proficient, basic or limited)
In your current/last job, do/did you have a monthly quota?
What percentage of the time do you achieve the quota?
In the last 3 years have you been employed by any companies you are listed as non-re-hirable?
Have you won any production awards in the past 3 years? If yes, describe.
In the last 2 years what percentage has your pipeline been with refinance, purchase, and streamline or HARP?
How many years have you worked as a Loan Originator on a base plus commission structure? What was your highest earning year (total comp)?
Where do you need to be from a compensation perspective in your next role?
ADDITIONAL INFO
COMPENSATION:

· Base of $30k (paid hourly) plus a tiered commission structure.

· AVG total comp: $134k per year, which is at a minimum of 12 units per month.

· High End comp: Top producers are closing 27 loans per month earning over $300k per year

KEY REQUIREMENTS:

· Minimum 1 year of call center experience as a loan originator

· Minimum 1 active state license

· Not coming from a Bank or Credit Union (experience won’t be a fit regarding call center experience and individual state licenses)


COVID-19 ARRANGEMENTS:

· The position is remote for the duration of the pandemic, then reports to the local office (call center setting)

· Individuals outside of immediate Tempe, AZ (ie. In Scottsdale) may be considered for permanent remote roles if they are excellent fits.

NOTES:

Please ensure that each candidate has been working in a call center environment for a year towards the beginning of the conversation.

This position is available due to a plan to increase the workforce of Loan Originators across the industry (as part of the mini mortgage refinance boom).

COMPLIANCE
You will need to confirm the following compliance terms when submitting this candidate
You have directly communicated with this candidate
This candidate wants to be considered for this position
This candidate was obtained in a manner that complies with OFCCP regulations at 41 CFR Part 60-1
Additionally, you'll need to write an introductory note about this candidate, telling the employer why this person is a right fit for the job

jonathan AT executivestaffrecruiters DOT com

Please take the time to accurately and completely fill out this form by answering each specific
question. Not only will we refer to it regularly, but this information may also very well be shared Gift 101with clients
interested in interviewing you. The better we know what you want the better positions you will
see.

Name:
Please give us the best email and phone number to contact you.
1. What is motivating your decision to leave your current job?
2. Describe your search activity over the past 3 to 6 months. Are you selectively searching or
actively looking at this moment?
3. Do you have the appropriate citizenship or visa to work in the US without restriction or time limit?
4. Describe in detail what you would be doing in your ideal next position. Who would you report to, who
would report to you, what types of projects would you be working on? The more detail you provide
the better for us to understand your career aspirations.
5. Where in your area are you willing to work? How far are you willing to travel to and from
work? Are you willing to relocate? If yes, to what area? If relocation is of interest, what
hurdles will you have to overcome before starting a new position?
6. What type of relocation package do you require?
7. What is your availability?

8. Do you have a non-compete or a reimbursement clause?
9. What are you looking for in compensation? Please remember that it is my job to get you the
best salary possible from the client. So please complete this area and be honest in the salary
you are looking for now. I do not discuss this with my client.
Base Salary
Target Bonus %
Average Bonus (past 3 yrs.)
Vacation
All Other CompensationBy
10. What are your thoughts concerning your susceptibility to a counteroffer from your current
employer? Have you ever been given a counter offer? Did you accept it or turn it down?
Why?
11. Why are you interested in this opportunity?
12. Promise to stay in touch via email?
 
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Current Compensation:  
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