Mortgage Originator

Position Overview

Primarily responsible for working with customers interested in identifying and obtaining permanent FHA/VA and conventional mortgage loans as well as other residential mortgage programs that best meet the customer’s financial needs and objectives. This role requires adherence to federal registration requirements under the SAFE Act, extensive external and internal contacts, and active community representation.

Location: Frederick, Maryland, United States of America.

Key Responsibilities

• Interview applicants to collect and analyze information regarding income, assets, debts, and credit data.
• Independently assess applicants’ credit worthiness and determine product suitability, issuing pre-qualification statements.
• Recommend appropriate mortgage loan programs while advising on the advantages and disadvantages of different financial products.
• Cultivate new business by marketing and promoting the bank’s mortgage products through external contacts, including Realtors, builders, and developers.
• Negotiate loan terms, ensure compliance with all origination procedures and regulatory requirements, and advise management on compliance strategies.
• Monitor market trends and regulatory changes in both private and government-insured mortgage sectors and represent the bank in community outreach events and seminars.

Required Qualifications

• Associates degree and 2 years of sales experience, OR a combined minimum of 4 years higher education and/or relevant work experience (including at least 2 years sales experience).
• Thorough knowledge of FHA/VA regulations, conventional loan requirements, and real estate law.

Preferred Qualifications

• General knowledge of personal computers and software programs utilized by the Residential Mortgage Department.
• Proven sales ability with strong mathematical skills.
• Excellent verbal and written communication skills with the ability to interact professionally with individuals at all income levels.
• Self-motivated and well-organized, with the ability to work independently and under critical time constraints.

Benefits & Perks

• Compensation: Commission based with a draw advanced.
• Competitive benefits: Including medical, retirement, and forty hours of paid volunteer time annually.
• Opportunity to work with a longstanding community-focused financial institution.
• A supportive environment fostering personal development and career growth.