Mortgage Loan Originator (MLO) NEW YORK

Position Overview

MortgageDepot (NMLS #1133788), a multistate mortgage broker and one of Inc’s 5,000 fastest growing companies, is seeking an experienced Mortgage Loan Originator to join its expanding team in the Queens location. Using a strategic digital approach to the traditional mortgage industry, MortgageDepot provides a powerful lead generation platform to help you grow your business. The ideal candidate will have an active NMLS license and at least 1-2 years of experience as a mortgage loan officer or in a similar role.

Key Responsibilities

• Leverage MortgageDepot’s digital platform and social media tools to engage with prospective leads.
• Build and maintain an active book of business through provided leads and self-sourcing methods.
• Inform customers about a vast array of loan products, procedures, prevailing rates, policies, and underwriting requirements available through our lending partners.
• Gather and analyze applicants’ financial data to determine loan feasibility and match clients with appropriate loan programs.
• Compile loan disclosures, facilitate fee itemizations and negotiate credit terms with borrowers.
• Coordinate with loan processors, underwriters, lenders, and realtors to ensure successful loan transactions.
• Stay informed on current rules, regulations, and guidelines from FNMA, FHLMC, FHA, VA, and other agencies.
• Supervise and mentor junior Mortgage Loan Originators as they transition to licensed MLOs.
• Research market rates and trends to better consult clients.
• Attend in-person and virtual meetings with potential clients and real estate brokers.

Required Qualifications

• Active NMLS state license
• Minimum 1-2 years of experience as a mortgage loan officer or in a similar role
• High school diploma or equivalent; familiarity with mortgage loan computer software (e.g., Calyx Point) is required
• Solid understanding of loan programs (FHA, FHMLC, FNMA, VA, and commercial loans)
• Excellent customer service, sales, written, and verbal communication skills
• Proficient in Microsoft Office
• Ability to multitask, prioritize projects, and work independently with minimal supervision

Preferred Qualifications

• Bachelor’s degree (desired)
• Bilingual abilities are a plus

Benefits & Perks

• Pay: $30,000.00 - $900,000.00 per year
• Commission pay
• Immediate compensation
• Accredited fast-track MLO training program
• Low competitive rates and fees for your clients
• Access to over 60 wholesale lenders and a suite of commercial property lending programs
• Automated pricing engine and 24 to 48-hour loan approvals
• Referral base prospecting assistance and strategic co-branding partnerships with realtors
• Access to a digital lead generation system and a full-service, in-house marketing, events, and social media team
• Flexible schedule
• Job Type: Full-time
• Work Location: Remote