Mortgage Loan Originator

As a Mortgage Loan Originator with Vanderbilt Mortgage and Finance, you will help individuals and families achieve home ownership by originating loans through one of the nation’s largest networks of retailers. Unlike many traditional mortgage lending roles that rely heavily on self-generated business, this position is supported by an established referral network, company-generated opportunities, dedicated operational support, and industry-leading training.

With access to a diverse portfolio of lending solutions, you'll be equipped to serve a wide range of borrowers while helping more families find the right path to home ownership. Backed by a strong brand, streamlined technology, and a mission-driven culture, you'll have the tools, support, and growth opportunities needed to build a successful and rewarding career.

POSITION TITLE: Loan Originator (LO)

JOB STATUS: Full Time / Salary

TRAVEL REQUIRED: As Needed

PAY: The expected base pay range for this position is from $50,000 plus additional bonus opportunity resulting in an expected total annual compensation of $90,000 to $100,000. The stated hiring range is based on experience, qualifications, and other relevant factors. Final compensation decisions will take into account a variety of considerations, including individual skills, internal equity, and organizational needs.

JOB FUNCTIONS:

• Facilitates the lending process by assisting new and returning clients with loan applications, obtaining personal and financial information, describing types of loans, ensuring all documentation is complete and accurate, and coordinating with various stakeholders to expedite loan approvals.
• Helps determine appropriate loan products for individual home buyers; obtains leads through Retail Home Centers.
• Presents or communicates credit terms for the purpose of negotiating prospective credit approvals required as part of the loan process.
• Ensures timely and efficient processing of credit applications and communication to individual Home Centers.
• Evaluates applicant financial information, including income, assets, liabilities, and credit history, to determine loan eligibility and risk level.
• Decisions mortgage loan applications based on borrower qualifications, creditworthiness, and adherence to lending guidelines and communicate decision with applicant; approves loans up to $175k for home only or $275k for land and home.
• Ensures compliance with lending regulations, internal policies, regulatory standards, and industry best practices throughout the loan origination process.
• Maintains organized records of loan applications, correspondence, and related documentation.
• Identifies and mitigates potential risks associated with loan applications, such as fraud, misrepresentation, or inadequate collateral.

• Communicates effectively with clients, loan officers, underwriters, and other stakeholders to coordinate loan processing and resolve any issues or discrepancies.
• Identifies opportunities for process improvement and efficiency enhancement in loan processing and customer service delivery.
• Communicates underwriting decisions and requirements effectively with loan officers, processors, and other stakeholders. Provide explanations and guidance to resolve any issues or discrepancies.
• Employs negotiation techniques and conflict resolution strategies to navigate challenging situations and achieve mutually beneficial outcomes for all parties involved.
• Builds and maintains positive relationships by exhibiting consistent reliability, transparency and integrity with clients, referral partners, and other stakeholders to foster repeat business, referrals, generate leads, and cultivate new…