Mortgage Loan Originator
Edge Home Finance - Long Gray Lending Team
Remote
Posted ago
Edge Home Finance - Long Gray Lending Team

Are you tired of having your loans stuck in Processing and Underwriting? Do you have management pushing quotas on you and offering no support with sub-120 bps comp plan?

Compensation

Take the average home price of $360,000. The NET commission to the loan officer would be $8,015 (223 bps). Average one loan a month and that is $96k a year. Average three loans a month and that's $288k annual income!

Here’s how you can quickly calculate your income on any loan:

  • Loan amount multiplied by 0.0275
  • Subtract 995
  • Multiply by 0.9
  • The rest goes to the LO!

Interest Rates:
We are a 100% true broker and our rates are directly from the lender. We have no warehouse lines, there is no correspondent lending and there’s no overhead. Because of that, the rates are directly off the shelf and they are EXTREMELY competitive.

We are looking for an experienced, service, and detail-oriented mortgage loan officer to join our team. We believe in removing obstacles and creating a supportive environment for you to thrive in.

This is a 100% commission job with the ability to work from whatever location you want. We have LO's that work from home, work from an office suite and that work from an RV traveling the US. You do you.

Our average CTC is less than 21 days!

We use LendingPad as our LOS. It is browser-based and extremely easy to use.

If you have a proven track record of creating lending solutions for your clients, we’d love to have you on our team. Please apply today!

Responsibilities
  • Manage a large pipeline of loans to ensure your production meets our requirements
  • Communicate a thorough understanding of different loan programs and closing costs to help prospective buyers make a decision
  • Interact with customers, realtors, processors, and underwriters to ensure a smooth transaction
  • Work closely with industry related professionals to gather and prepare all necessary information to complete underwriting requirements
Qualifications
  • Familiarity with multiple types of loans such as conventional, fixed/ adjustable, FHA, VA, USDA, bridge, non-conforming, FNMA and FHLMC, and Home Equity Lines of Credit
  • Must have an active NMLS Mortgage Originator License

  • 1 year of mortgage origination experience required. 2+ years experience preferred

Compensation
$200,000+
About Edge Home Finance - Long Gray Lending Team

Our structure is very simple. We are a network of over 300 mortgage loan originators all over the USA. Each of us runs our independently within NMLS compliance.


We want you to be comfortable and work from anywhere you want to work. "Big boy and girls" rules apply. We are not in the business of holding your hand and telling people what to do.


We are committed to the principle of equal employment opportunity for all employees. All employment decisions are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. We will not tolerate discrimination or harassment based on any of these characteristics.

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