Previous Job
Previous
Outside Mortgage Loan Officer / Branch Opportunity (American Residential Lending)
Ref No.: 16-08377
Location: Dallas, Texas
The Mortgage Industry's highest paid loan officers with the highest compensation models available and the industry's best priced lender all in one package. Welcome to your new home and business partner!
****CURRENT LICENSE REQUIRED AS WELL AS EXPERIENCE. WE DO NOT TRAIN. THIS IS AN OUTSIDE/INDEPENDENT POSITION WHICH IS COMMISSION ONLY AND NO LEADS PROVIDED*****
****THIS IS AN INDEPENDENT MLO OR BRANCH POSITION. WE ARE NOT LOOKING FOR INSIDE SALES NOR DO WE PROVIDE LEADS****
Why choose American Residential Lending? because you will get higher compensation, better rates, more independence, not be micro-managed, more freedom and flexibility, close-nit team atmosphere within the company, more loan programs, and technology that rivals the large corporations. If your an independent MLO with their own book of business or an already established branch looking for a place to move its business then we challenge you to find another opportunity that will allow you to match the earning potential combined with the rates that you will see with American Residential Lending. Call now for more details.
American Residential Lending is looking for Outside independent LO's and Branch offices to add to our growing network of mortgage professionals. Our aggressive lending platform has been developed to be successful and rewarding with the highest possible compensation in the industry. Call now to inquire about more information.
  • Inquiries may be given temporary access to pricing engine for demonstration on unbeatable selling opportunity
Compensation: Tired of your bank padding your rates so much that you are having a difficult time staying competitive? Tired of Banking overlays and banks that don't want to take even the slightest risk causing you to turn away too much business? Maximize your commission on all loans originated and see raw rates directly from the investors and wholesale lenders. Choose from multiple compensation levels and customize your income and pricing to suit your ability to effectively sell. We even allow you to submit expense reports and pay invoices from rolled over compensation. Please inquire for additional details on compensation, pay structure, pay periods, etc.
Technology: We have worked very hard to stay on the cutting edge. Here is a list of the few items available to our branches and originators -- FREE individual LO web pages or full web sites for branches; online loan applications with online customer doc uploads; web-based LOS; E-SIGN capabilities for same day submission options; cloud based lender databases to ensure your information is always up to date; Marksman for automated pricing with included free CRM; online real-time rates and pricing portal for consumers and referral sources like Realtors and the list goes on.
Lenders, options, and support: we work closely with dozens of lenders to offer every loan product available in the market. This lender list has been systematically structured to enable the most flexibility you could possibly look for as an originator. In addition to this, you will have the best support staff available for loan level questions, Human Resource questions, or compliance or even technology questions. We are here to support our staff and help you grow! We have a licensed human resources manager and FULL BENEFITS available to all employees (no employer sharing).
INFO
* Corporate Headquarters is in Huntingdon Valley and satellite office in Downingtown, Pennsylvania
* HUD approved lender with in-house underwriting and processing
* licensed in multiple states including PA, MD, NJ, FL, CO, CA, MI, IL, IN, WI, TX, CT, NC (RI, pending)
* Correspondent Mortgage Banker with multiple additional wholesale and portfolio lender options
* Individualized extremely competitive comp packages with monthly comp plan changes available and monthly P&L's maintained to help maximize profits
* choose the independent LO platform with unlimited comp plans (inquire for more details), or the Branch Manager platform (inquire for more details)
* MUST be licensed and have experience. Limited training on company software and procedures only. LO's are expected to perform with a working knowledge of the current industry guidelines.
* all applicants will have background checks and references checked.
* You will not find a more profitable mortgage banking platform opportunity. We guarantee
Niche Loan Product List
FHA
203K Full and streamline with unlimited funds for home projects
FHA streamlines with NO FICO requirements
1xconstruction to perm for manufactured and modular homes
Credit scores down to 500
No debt ratio overlays
No AUS overlays
No HUD guideline overlays
BK7 with less than 2 years out (with documentable extenuating circumstances)
1 day out from BK 13 with 12 month on-time payment history
N/O/O FHA streamline refi's
Manufactured homes
Manual Underwrites
FHA Flip on 1-4 unit properties
HighBalance down to 580 FICO
REVERSE
Multiple Reverse Mortgage lenders and various comp levels for unsurpassed selling advantage
VA
No VA overlays
VA Jumbo over $700K
VA IRRRL with no appraisal, no max LTV/CLTV, no overlays, mortgage ONLY credit
Cash-out to 100%
Manual UW and 580 FICO
USDA
USDA streamline Refi
Non-QM/Portfolio
Foreign National
1 day out of foreclosure
Non-warrantable condos
SIVA (Bank statement loan) for self employed borrowers
Asset Depletion
1 year tax return
Qualify based off rental income for investors
Interest Only
90% LTV no PMI on non-QM!
No Max financed Properties
Down to 500 FICO!
Equity based lending options (no credit overlays)
CONVENTIONAL
Manual UW!
Appraisal waivers per AUS
HARP loans with unlimited LTV/CLTV
HomePossible / rehab even for investment properties
PMI Options including split, single, LPMI, and down to 620 FICO
Investment Properties to 85 LTV
Up to 10 financed properties
Cash-out 1 day off MLS (max 70 LTV)
Appraisal transfers
1 year tax returns if requested on AUS
JUMBO
Down to a 660 FICO
Up to 95 LTV with NO MI!!!
HELOC
HELOC's up to 90% CLTV and can be used on purchases!!
FICOs down to 500!!
Job Type: Full-time
Required experience:
  • Mortgage Origination: 3 years
Required license or certification:
  • NMLS
ControlID: 14.234.89 SHR