Mortgage Loan Originator

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POSITION OVERVIEW:

As a Mortgage Loan Originator with Vanderbilt Mortgage and Finance, you will help individuals and families achieve homeownership by originating loans through one of the nation's largest networks of retailers. Unlike many traditional mortgage lending roles that rely heavily on self-generated business, this position is supported by an established referral network, company-generated opportunities, dedicated operational support, and industry-leading training.

With access to a diverse portfolio of lending solutions, you'll be equipped to serve a wide range of borrowers while helping more families find the right path to homeownership. Backed by a strong brand, streamlined technology, and a mission-driven culture, you'll have the tools, support, and growth opportunities needed to build a successful and rewarding career.

POSITION TITLE: Loan Originator (LO)

JOB STATUS: Full Time / Salary

TRAVEL REQUIRED: As Needed

WORK SCHEDULE: Hybrid– 4 days in-office, 1 day remote after training

PAY: The expected base pay range for this position is from $50,000 plus additional bonus opportunity resulting in an expected total annual compensation of $90,000 to $100,000. The stated hiring range is based on experience, qualifications, and other relevant factors. Final compensation decisions will take into account a variety of considerations, including individual skills, internal equity, and organizational needs.

JOB FUNCTIONS:

1. Application Evaluation, Processing, and Underwriting

• Facilitates the lending process by assisting new and returning clients with loan applications, obtaining personal and financial information, describing types of loans, ensuring all documentation is complete and accurate, and coordinating with various stakeholders to expedite loan approvals.
• Helps determine appropriate loan products for individual home buyers; obtains leads through Retail Home Centers.
• Presents or communicates credit terms for the purpose of negotiating prospective credit approvals required as part of the loan process.
• Ensures timely and efficient processing of credit applications and communication to individual Home Centers.
• Evaluates applicant financial information, including income, assets, liabilities, and credit history, to determine loan eligibility and risk level.
• Decisions mortgage loan applications based on borrower qualifications, creditworthiness, and adherence to lending guidelines and communicate decision with applicant; approves loans up to $175k for home only or $275k for land and home.
• Ensures compliance with lending regulations, internal policies, regulatory standards, and industry best practices throughout the loan origination process.
• Maintains organized records of loan applications, correspondence, and related documentation.
• Identifies and mitigates potential risks associated with loan applications, such as fraud, misrepresentation, or inadequate collateral.

1. Communication, Collaboration & Relationship Management

• Communicates effectively with clients, loan officers, underwriters, and other stakeholders to coordinate loan processing and resolve any issues or discrepancies.
• Identifies opportunities for process improvement and efficiency enhancement in loan processing and customer service delivery.
• Communicates underwriting decisions and requirements effectively with loan officers, processors, and other stakeholders. Provide explanations and guidance to resolve any issues or discrepancies.
• Employs negotiation techniques and conflict resolution strategies to navigate challenging situations and achieve mutually beneficial outcomes for all parties involved.
• Builds and maintains positive relationships by exhibiting consistent reliability, transparency and integrity with clients, referral partners, and other stakeholders to foster repeat business, referrals, generate leads, and cultivate new business opportunities.
• Addresses issues and resolves conflicts in a timely and diplomatic manner, maintaining positive relationships and promoting client satisfaction any time issues arise during the loan application process.

1. Other duties as assigned

This job description is not an exhaustive list of all the functions that a team member and other duties may be assigned.

QUALIFICATIONS:

• Education

  Bachelor's degree or equivalent experience required.

  
  

• Experience

  0 experience with bachelor's degree or 4 years related experience with high school diploma or equivalent.

  
  

• Licensing: Nationwide Multistate Licensing Systems (NMLS) licensing for assigned states required.
• Have taken or ability to complete required 20 hours education for licensing and continuing education requirements.
• Meet all federal and state requirements (e.g., background checks) to obtain mortgage originator license (MLO).
• Basic computer skills with ability to type at least 25 wpm.
• Ability to communicate effectively and efficiently via phone, email, and person to person.
• Exhibit adaptability and flexibility in adjusting communication styles and approaches to accommodate diverse personalities, preferences, and cultural nuances.
• Capability of gathering facts accurately, analyzing causes, evaluating alternate solutions, and arriving at sound conclusions on action to be taken.
• Ability to manage multiple and/or conflicting responsibilities.
• Great attention to detail and organizational skills.
• Ability to work in a team environment.
• Knowledge of AS/400, Word, and Excel a plus.

PHYSICAL DEMANDS:

• Must be able to remain in a stationary position 75% of the time.
• Will be constantly operating a computer and other office productivity machinery, such as a telephone, calculator, copy machine, and computer printer.
• Will be communicating 90% of the time over the phone.
• Must be able to exchange accurate information at all times.
• Must be able to identify and assess account status and determine appropriate process.
• Will constantly work in a state-of-the-art indoor temperature controlled, sealed window office environment.

BENEFITS:

• Medical and Dental Plan with Prescription Coverage and Vision.
• Competitive benefits including 401(K) includes 100% company match of the first 4%.
• Paid time off days (PTO), maternity/paternity leave, and holidays.
• Community involvement including Volunteer Paid Time Off (VTO).
• Tuition Assistance for your first degree
• Enjoy coming "home" to our brand new, state-of-the-art Home Office equipped with onsite fitness facility with full gym, workout classes, volleyball and basketball courts, ping-pong, disc golf course, and onsite restaurant.
• Wellness programs that focus on emotional, social, spiritual, intellectual, environmental, physical, and financial well-being.
• Collaborative and energetic work environment.
• Professional development and promotional opportunities.
• Competitive bonus programs. xhyhwjd

Vanderbilt Mortgage and Finance, Inc. is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.