Mortgage Loan Officer

Mortgage Loan OfficerSummit 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.Pay Transparency: Compensation for this position is primarily commission based where your production and performance will determine earning potential.At Summit – we know what really makes originators happy and want to provide you with the tools and operations to succeed.We promise to onboard you cleanly and quickly and get you up and running FAST at Summit.We promise to provide you with top marketing tools, and dedicated support staff to help you implement. MBS Highway, BombBomb, Surefire, MMI – you name it, we have it. And it's paid "top of house".We promise to provide best-in-class fulfillment of your loans – with dedicated, seasoned in-house operations staff and managers. Always available to take your call when needed.We promise you will have smooth closings, happy realtors and clients, and will earn more referrals as a result.And lastly, we promise you will enjoy working at Summit.Summit Mortgage offers health, dental, vision, life, 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, GA, IA, ID, IL, IN, LA, MD, MI, MN, MT, NJ, NC, ND, OR, PA, SC, SD, TX, UT, VA, WA, WI, WYSummaryThe 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.ResponsibilitiesThis 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 areaMeet with potential customersEngage in marketing and promotional activities to increase prospectsObtain required documentation from prospective borrowersLock loan terms with the end investor when the prospective borrower agrees on the loan product and termsMaintain 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 closingsComply with mortgage procedures by maintaining accurate mortgage records and following Summit Mortgage, regulatory, and investor guidelinesStay 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 mortgagesMaintain a professional image and standards consistent with Summit Mortgage policies and proceduresRequirementsTo 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 degreeTwo years of mortgage loan origination experience preferredLicensed as a SAFE Act compliant Mortgage Loan OriginatorAbility 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 requirementsStrong verbal and written communication skillsDemonstrated customer service skills with a strong ability to take initiative and stay motivatedEffective prioritization and organization skillsAbility to work effectively under time constraints and have work flexibility