Mortgage Originator
Core
Originate permanent FHA/VA and conventional residential mortgage loans by assessing creditworthiness, analyzing financial data, and advising customers on suitable loan programs.
Role type
Mortgage Originator (Sales IC)
Builds
Residential first mortgages for individual borrowers
Domain
Banking / Real Estate Finance
Deliverable
client delivery
Required skills
Credit analysis, FHA/VA regulations knowledge, Conventional loan requirements knowledge, Real estate law knowledge, Sales cultivation, Market trend analysis, Regulatory compliance, Negotiation
Preferred skills
Realtor/developer networking, Community outreach, Seminar presentation, Mathematical skills, Independent work, Time management
Technologies
Residential Mortgage Department software
Responsibilities
Interview applicants to collect and analyze income, assets, debts, and credit data; Assess applicant credit worthiness and issue pre-qualification statements; Determine and recommend appropriate mortgage loan programs; Cultivate new business through contacts with Realtors, builders, and developers; Negotiate loan terms and conditions; Ensure lending compliance with bank policies and regulatory requirements; Monitor local real estate market trends and changing mortgage regulations.
Seniority
Individual Contributor, limited supervision