Mortgage Production Partner/LOA

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Job description

Active MLO License Preferred

***This is not a remote position. Please DO NOT apply if you are not in the greater Seattle area. If you are planning a move to the area, please include a cover letter to explain your situation***

Are you an experienced mortgage Production Partner/LOA looking to take the next step in your career? Element Mortgage has an opportunity for a highly qualified Production Partner!

Support a growing Team with an experienced LO and anticipated volume of $6M/month within the next 90 days

We need a self-starter who takes pride in their work and can work within a system to meet and exceed the team's goals. If your friends and family describe you as a control freak with an organization fetish, we want to hear from you.

Cultural fit is BIG for us. We are a fun-loving, laid back group of professionals who know how to grind and produce results with minimal drama. We treat each other with mutual respect. If you are looking for a healthy work environment and an opportunity to grow with a team that respects each other as human beings first and foremost, come check us out.

LOA Level 1: 2 - 5 years of experience (Required)

• Proficient in DU/LP
• Encompass experience preferred
• Experience submitting loans to Processing
• Experience satisfying UW conditions and communicating with borrowers directly
• Excellent communication skills
• NMLS active license required

**Monthly Bonus paid based on team success (per file)

**Signing Bonus negotiable for an experienced candidate that can come in and move the needle for us out of the gate.**

Essential Requirements:

• Track key dates of transaction
• Maintain customer contact to ensure follow-up of the loan application
• Manage client and referral partner databases
• Answer customer inquiries relating to locked status and loan application status to ensure quality customer service.
• Resolve file problems, bottlenecks, and qualifying issues throughout the production and underwriting process.
• Provide administrative support in the collection and preparation of submitting loan application with supporting documentation to processing
• Coordinate, create, track, and distribute marketing materials.
• Perform any other reasonable duties required by Element Mortgage or Managing Loan Officer to be performed by the Loan Manager. Tasks include marketing, database management and send and collect 1003, disclosures and supporting documentation from a customer for completion and signatures. Assisting through production and underwriting process. Preparing and submitting a loan application to processing, resolving file issues, conversations with customers, vendors, and referral partners. High level of file management and client and referral partner conversations, including rate, status, and qualifying issues. May perform all Loan Officer duties including, but not limited to:
• Acting as the primary point of contact for the customer, and keeping the customer informed throughout the process
• Obtaining an accurate and thorough 1003.
• Analyzing customer's credit and financial scenario, determining appropriate loan product(s), and obtaining accurate AUS findings
• Disclosing initial 1003 and disclosures to the customer according to regulations
• Collecting supporting documentation from the customer
• Submitting a viable loan to processing
• Reviewing HUD-1 to ensure fees and cash at closing are consistent with a commitment to customer
• reviewing files for adherence to underwriting standards and ensuring completeness of submission.
• Contact borrower and/or mortgage broker to collect necessary documentation and act as a liaison between origination staff, underwriters, and customers.

Job Type: Full-time

Pay: $21.00 - $35.00 per hour

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Employee discount
• Flexible spending account
• Health insurance
• Health savings account
• Paid time off
• Parental leave
• Professional development assistance
• Referral program
• Retirement plan
• Vision insurance

Physical Setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday
• Overtime

Supplemental Pay:

• Bonus pay
• Commission pay
• Signing bonus

Experience:

• Mortgage Origination: 1 year (Required)
• Customer Service: 2 years (Required)

License/Certification:

• NMLS Origination License (Required)

Work Location:

• One location

Work Remotely:

• No