Our Mortgage Loan Originator job description includes the responsibilities, duties, skills, education, qualifications, and experience.
About the Mortgage Loan Originator role
Mortgage Loan Originators are responsible for assisting individuals and businesses in obtaining mortgages to purchase or refinance real estate. They evaluate clients' financial situations and recommend loan products that meet their needs. They also explain loan terms, collect documentation, and process the loan through to closing.
Role Purpose
The purpose of a Mortgage Loan Originator is to assist borrowers with the process of obtaining a loan to purchase a home or refinance an existing mortgage. The Mortgage Loan Originator will work with the borrower to obtain the necessary loan documents, answer questions, and help the borrower understand the loan process. They will also explain the different types of loan products available and provide guidance on the best choice for the borrower. Additionally, they will ensure the borrower's loan is processed and approved in a timely manner.
Mortgage Loan Originator Summary
Mortgage Loan Originator Job Summary:
The Mortgage Loan Originator is responsible for originating and processing residential mortgage loans, including evaluating, approving and closing loan applications. This role requires an individual with excellent customer service and communication skills, who understands the mortgage loan process and is knowledgeable in all loan products available. The Mortgage Loan Originator must be able to build and maintain relationships with clients, in order to ensure the best possible loan product and terms. The successful candidate will have experience in underwriting, must be detail-oriented, and able to work independently.
Mortgage Loan Originator Duties
- Advise clients on mortgage loan options
- Evaluate creditworthiness and financial status of potential borrowers
- Assist in completing loan applications and paperwork
- Negotiate loan terms and conditions
- Stay up to date on changing regulations and industry trends
- Ensure compliance with legal and ethical standards
Mortgage Loan Originator Skills
- Excellent customer service skills
- Knowledge of mortgage loan products and services
- Strong communication and negotiation skills
- Ability to effectively manage multiple tasks
Mortgage Loan Originator Requirements
- Degree in finance or related field
- Current license to originate mortgage loans
- Knowledge of mortgage loan products
- Ability to analyze and interpret financial documents
- Excellent customer service skills
- Strong communication and interpersonal skills
Personal Traits
- Strong communication and interpersonal skills
- Excellent customer service skills
- Ability to work independently
- Ability to use computer systems and software programs
- Ability to understand and interpret mortgage loan guidelines