Mortgage Loan Originator Trainee

Summary:

We are looking for motivated and detail-oriented MLO Trainees to join our dynamic financial services team. This is a true entry-level position, no prior mortgage experience is required. We are fully committed to your professional growth and will cover all expenses for your pre-licensing education and MLO certification.

As a paid trainee, you will receive hands-on mentorship while you work toward becoming a fully licensed Loan Officer. The ideal candidate brings strong customer service skills and a willingness to learn the ropes of financial regulations and industry guidelines (such as FNMA and Fair Housing). You’ll play a vital role in supporting clients through the loan process, ensuring a smooth experience from application to closing as you build your career in mortgage lending.

Duties

• Assist clients in the loan application process, providing clear explanations of mortgage options and guiding them through required documentation.
• Conduct credit analysis and evaluate borrower financial information using mortgage software and accounting tools like Quicken.
• Prepare and review loan packages, ensuring compliance with TILA, FNMA guidelines, and other federal and state regulations.
• Collaborate with underwriters, escrow officers, and other stakeholders to facilitate timely loan approvals and closings.
• Perform preliminary underwriting reviews and assist in loan processing tasks to streamline the mortgage approval process.
• Maintain up-to-date knowledge of mortgage servicing practices, banking regulations, and changes in mortgage laws.
• Engage in ongoing professional development to obtain or maintain mortgage licensing credentials.
• Promote sales by identifying client needs and offering suitable financial solutions while adhering to Fair Housing regulations.
• Utilize sales techniques and negotiation skills to build client relationships and expand the customer base.

Requirements

• Prior experience in financial sales, loan origination, or mortgage servicing is preferred; however, training will be provided for qualified candidates eager to learn.
• Knowledge of FNMA guidelines, TILA regulations, escrow processes, and underwriting procedures is highly desirable.
• Proficiency with mortgage-related software such as Quicken, financial software applications, accounting software, and 10-key typing skills.
• Strong mathematical skills including basic math, credit analysis, and math proficiency for accurate calculations.
• Excellent customer service skills with the ability to communicate complex financial information clearly and professionally.
• Familiarity with contracts, banking procedures, fair housing laws, and mortgage documentation requirements.
• Ability to work diligently within regulatory frameworks while maintaining high ethical standards.
• A valid license or willingness to obtain licensure as a Mortgage Loan Originator (MLO), including passing relevant licensing exams. This role is ideal for individuals committed to advancing their careers within the mortgage industry while providing exceptional service to clients through expert guidance on loan options and financial solutions.

Pay: $28,000.00 - $200,000.00 per year

Work Location: In person