Scope/Purpose of the Position

The Mortgage Loan Originator (MLO) will be responsible for soliciting new business and originating mortgage loan products offered by Homebridge. The MLO shall continuously identify, develop and maintain a network of business relationships to establish a constant referral source to originate new loans for Homebridge.

Key Responsibilities and Essential Functions

• Sales
  • Spend more than 50% of their time performing outside sales activities (away from Homebridge offices) which include, but are not limited to: attending open houses, meeting and calling clients, referral sources, realtors, and business prospects at their homes, places of employment or in other social settings away from any Homebridge office, etc.;
  • Build a network of referral sources such as Real Estate professionals, Builders, professional and personal contacts, as well as participate in business related development opportunities and community efforts to promote Homebridge and our products and services;
  • Maintain regular contact with the customer, referral partners and Homebridge employees between application and closing to apprise them of the status of the application and gather any additional information as needed;
  • Market and promote Homebridge products
• Mortgage Loan Advisement
  • Assist in assessing the customer's financial circumstances to determine whether the customer and the property qualify for a particular loan;
  • Analyze the information provided by the customer and advise on an array of options and variables, all of which make up the various components of the loan;
  • Advise the customer about the risks and benefits of various mortgage loan alternatives in light of their individual financial circumstances;
  • Advise the customer about avenues to obtain a more advantageous loan program, including assisting the customer in understanding credit problems;
  • Perform such other duties related to the origination of mortgage loans as Employer may assign.

Key Performance Indicators

• Meet the Initial Production Targets:
  • Days 0-30: You must submit at least one (1) application (sent to processing "STP") within the first thirty days after obtaining your license (or if you are licensed when hired, then within thirty days after your start date);
  • Days 31-60: You must submit an additional two (2) applications ("STP") during the next thirty (30) days of your employment (3 total by day 60);
  • Days 61-90: You must submit a minimum of six (6) applications ("STP") and at least one (1) loan must be funded by day ninety (90) ("6 plus 1" total); and
• Meet the Minimum Production Standards after the Initial Period of Employment:
  • Four (4) units or $1,000,000 funded in the prior three months or eight (8) units or $2,000,000 funded in the prior six months.