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Mortgage Loan Originator (Prime Source Mortgage)
Ref No.: 16-07971
Location: Orange, California
If you love the mortgage origination business and want to learn how to create leads with real estate partners, then Prime Source Mortgage is the place for you! Utilize our proprietary software to partner with agents to help drive more leads and more closing. We will show you how to become a valuable resource for the real estate agents. Don't let the risk of rates rising put you out of business. Apply now!
Position Summary
The NMLS licensed Mortgage Consultant/Loan Originator will originate purchase money loans within a network of real estate offices. Utilizing proprietary software to help develop leads with the agents, the MCLO will develop relationships with the agents.
MCLO is responsible for origination of quality loans through the realtor network. With the help of operations, insuring the loans close on time for high customer satisfaction.
Roles and Responsibilities:
(ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned)
  • Help drive the proprietary software with the real estate agents.
  • Thorough understanding of income calculation
  • Understanding of TRID and associated compliance timelines in order to explain to clients
  • Effective utilization of Encompass
  • Collaborate with the training department internal programs for Sales and Operations groups to maintain high level of program knowledge
  • Monitor all investor guidelines for program changes.
  • Attend weekly sales meetings
Supervisory Responsibilities:
N/A
Qualifications:
The originator must be a NMLS licensed originator with at least 1 year of experience. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed in this document are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience:
NMLS Licensed Originator.
High school diploma or general education degree (GED) a 1 year mortgage loan or experience in a related industry. Extensive knowledge of residential mortgage banking operations and regulatory compliance.
Computer/IT Skills:
Qualified candidates will be proficient in Microsoft Office products (i.e. Word, Excel, Outlook), previous experience with Encompass is a plus.
Language Skills:
  • Strong organizational and communication skills.
  • Excellent grammar and diction.
  • Ability to read and comprehend instructions, medium and short correspondence, and memos.
  • Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.
Mathematical Skills:
  • Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
  • Ability to compute rate, ratio, and percent.
  • Ability to confidently use tools such as software or calculators to amortize simple and compound principle and interest payments for the purpose of training Originators/Processors or to check Originators/Processors calculations.
Customer Service Skills:
Using excellent customer service skills which includes maintaining a good attitude, taking ownership of meeting customer needs, going the "extra mile” for customers, demonstrating a commitment to sharpening skills through education and training, using positive communication, and looking for opportunities to respect customers' time and schedules.
Reasoning Ability:
  • Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
  • Ability to interpret a variety of instructions furnished in written, oral, or diagram.
Certificates, Licenses, Registrations:
NMLS License, any other State specific licensing.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; and talk or hear. The employee frequently is required to reach with hands and arms. The employee is occasionally required to walk; stand; and stoop, kneel or crouch. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, and ability to adjust focus.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The work environment is a professional office environment where a conservative business dress code is in effect. The noise level in the work environment is usually moderate.
Job Type: Commission
Required education:
  • High school or equivalent
Required experience:
  • Loan Origination: 1 year
Required license or certification:
  • CA DBO Originator License
ControlID: 14.234.89 SHR