Mortgage Loan Consultant*
Meriwest Morgage*
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Position Summary:*
Meriwest Mortgage is actively looking for Loan Consultants to work in the areas of San Francisco, Alameda, San Jose, and San Mateo. The Loan Consultant will be responsible for soliciting and originating residential loan requests from borrowers and other sources including referrals from real estate agents, financial planners, attorneys and other centers of influence.
Essential Duties and Responsibilities:
- Solicits, originates, and underwrites residential loan requests from borrowers and other sources including referrals from real estate agents, financial planners, attorneys, and other centers of influence.
- Self-sources leads and creates profitable business relationships with referral partners.
- Collects and analyzes information regarding members’ income, assets, investments, or debts to determine which financial products best meet the member’s needs and financial circumstances and determines if buyer, property, and loan conditions meet credit union and governmental standards.
- Advises members of advantages of disadvantages of different financial products, marketing, servicing or promoting the Meriwest Credit Union and Meriwest Mortgage financial products.
- Sells the Credit Union's mortgage lending program to companies and individuals within the real estate community.
- Cross sells other Credit Union services.
- Keeps informed of current trends in mortgage lending and market factors affecting mortgage lending.
Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
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Minimum Qualifications:*
- Two-year college degree or completion of a specialized course of study at a business or trade school.
- Three to five years external/outside retail mortgage experience with an emphasis on self-sourced business.
- Excellent customer service skills with the availability to assist members on evenings and weekends.
- Sound knowledge and experience with first and second mortgage residential real estate lending.
- Must be proficient in PC skills.
- Must be NMLS and MLO licensed.
Do you want to be valued as an employee?
Employees are Meriwest’s most valuable resource. We provide competitive wages and a supportive environment that promotes career advancement. The Loan Consultant position is commission-based. The range provided below is the average salary range that a Loan Consultant who is meeting production standards may expect to earn. Production standards are based on $15MM-$25MM a year in new loan originations.
Salary Range: $127,000.00 to $212,000.00 plus quarterly bonus
We also offer an excellent, fully comprehensive benefits program, including:
- Medical/Dental/Vision on the first day of employment for full-time employees
- Free Long Term Care Insurance for employees
- Tuition Reimbursement/Student Loan Repayment Plan
- Pension Plan/401K
- Bonus and incentive potential
- Career growth support and planning programs
- In-house fitness center
- Discounts on new mortgage after 6 months of employment
Meriwest is an equal opportunity employer that is committed to inclusion and diversity. All qualified applicants will receive consideration for employment. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetic information, political views or activity, or other applicable legally protected characteristics.
Job Type: Full-time
Pay: $127,000.00 - $212,000.00 per year