At a Glance
- Tasks: Sell mortgage loans and build relationships with real estate professionals.
- Company: Join AnnieMac Home Mortgage, a leader in the mortgage industry.
- Benefits: Enjoy flexible working hours and opportunities for professional growth.
- Why this job: Make an impact by helping people achieve their homeownership dreams.
- Qualifications: Experience in the mortgage industry is essential; strong communication skills are a plus.
- Other info: Work under supportive management and be part of a dynamic team.
The predicted salary is between 36000 - 60000 £ per year.
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AnnieMac Home Mortgage is looking to hire Full Time External Mortgage Loan Originators to establish referral source relationships for a steady flow of loan volume from real estate brokers and other external sources. Candidates should have experience directly related to the Mortgage Industry. Under the direct supervision of the Branch Manager, the job responsibilities of the External Mortgage Loan Originator position include, but are not limited to, the following:
- Primary duty is to sell mortgage loans to customers away from and outside of AnnieMac Home Mortgages places of business. Work done at AnnieMac Home Mortgages offices is related and supplemental to outside sales.
- Generate new business by building and maintaining relationships with realtors, real estate agents, title and escrow officers, financial advisers, CPAs, and other relevant professionals.
- Regularly participate in mortgage sales including, but not limited to, attending closings and open houses, and conducting seminars and other lead-generating activities.
- Take information from the borrower and fill out the loan application.
- Develop relationships with referral partners such as realtors to generate new customers.
- Analyze the prospective borrowers income and debt and pre-qualify the prospective borrower to determine the maximum mortgage that the prospective borrower can afford.
- Counsel the prospective borrower in the home buying and financing process, advising the borrower about the different types of loan products available, and demonstrating how closing costs and monthly payments would vary under each product.
- Collect financial information (tax returns, bank statements) and other related documents that are part of the application process;
- Provide disclosures to the borrower, including truth in lending, good faith estimate, and others.
- Counsel and advise the borrower in understanding and clearing credit problems.
- Maintain regular contact with the borrower, realtors, and the lender, between application and closing to apprise them of the status of the application and to gather any additional information as needed.
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Outside Loan Originator employer: Gehan Homes
Contact Detail:
Gehan Homes Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Outside Loan Originator
✨Tip Number 1
Network actively within the real estate community. Attend local open houses, seminars, and industry events to meet realtors and other professionals who can refer clients to you. Building these relationships is crucial for generating a steady flow of loan volume.
✨Tip Number 2
Leverage social media platforms to connect with potential referral partners. Share valuable content related to mortgage products and home buying tips to establish yourself as a knowledgeable resource in the field.
✨Tip Number 3
Consider hosting informational seminars or workshops about the mortgage process. This not only positions you as an expert but also allows you to meet potential clients and referral partners face-to-face.
✨Tip Number 4
Stay updated on the latest trends and changes in the mortgage industry. Being knowledgeable about current market conditions and loan products will help you build trust with both clients and referral partners.
We think you need these skills to ace Outside Loan Originator
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in the mortgage industry. Focus on your achievements in building relationships with real estate professionals and any sales targets you've met.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role of Outside Loan Originator. Mention specific experiences where you've successfully generated new business and how you plan to establish referral source relationships.
Showcase Relevant Skills: In your application, emphasise skills such as communication, relationship-building, and financial analysis. These are crucial for the role and will help you stand out.
Follow Up: After submitting your application, consider sending a polite follow-up email to express your continued interest in the position. This shows initiative and enthusiasm for the role.
How to prepare for a job interview at Gehan Homes
✨Know Your Mortgage Products
Familiarise yourself with the various mortgage products offered by AnnieMac Home Mortgage. Be prepared to discuss how each product works and the benefits they provide to different types of borrowers.
✨Build Rapport with Real Estate Professionals
Since the role involves establishing relationships with realtors and other professionals, think of ways to demonstrate your networking skills. Share examples of how you've successfully built partnerships in the past.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities, such as how you would handle a borrower with credit issues. Prepare specific examples that showcase your experience and approach to overcoming challenges.
✨Showcase Your Communication Skills
As an Outside Loan Originator, clear communication is key. Practice articulating complex mortgage concepts in simple terms, and be ready to explain how you would counsel borrowers throughout the loan process.