MLO Apprentice

Job description

Join our dynamic team as a Mortgage Loan Originator Trainee and embark on an exciting career path in the financial services industry! In this role, you will develop foundational skills in loan origination, customer service, and mortgage processing while working closely with experienced professionals. This paid trainee position offers a comprehensive learning experience designed to prepare you for a successful career in mortgage lending. You will gain hands-on knowledge of loan applications, credit analysis, and regulatory compliance, all within a supportive environment that encourages growth and professional development.

Duties

• Assist in gathering and verifying borrower information to support loan applications, ensuring accuracy and completeness.
• Learn to evaluate borrower creditworthiness through credit analysis and basic math assessments.
• Support loan officers in preparing documentation related to FNMA (Fannie Mae) guidelines and other mortgage standards.
• Participate in the review of loan files, including underwriting and loan processing tasks, under supervision.
• Develop proficiency with mortgage software tools such as Quicken and other financial software for data entry and document management.
• Help ensure compliance with Fair Housing regulations, TILA (Truth in Lending Act), and other federal lending laws.
• Engage in customer service activities by communicating with clients, answering questions, and providing updates throughout the loan process.
• Support the loan origination process by preparing contracts, escrow documents, and assisting with loan closing procedures.

NO EXPERIENCE REQUIRED!

Pay: $28,800.00 - $250,000.00 per year

Benefits:

• Health insurance

Work Location: In person