Outside Loan Officer

Job Details

• Job Location:
  
  Corporate Region - Colorado Springs, CO 80920
• Position Type:
  Full-Time/Part-Time
• Salary Range: $1.00 - $1.50 Base+Commission/year
• Department:
  Branch Specific
• Reports to:
  
  Branch Manager
• Location:
  
  Branch Location and/or other outside office locations determined solely by Loan Officer and in accordance with applicable employment and licensure laws
• Exempt Status:
  Exempt
• Hours:
  
  Determined by Loan Officer, and not monitored
• Loan Production Requirements:
  None
• Compensation & Benefits:
  Commission and bonus, reduced by Benefits Draw and Expense Draw, subject to Reimbursable Expenses Offset. Mortgage Solutions of Colorado, LLC d/b/a Mortgage Solutions Financial (“MSF”) offers a comprehensive benefit package. The benefit package includes Health, Dental and Vision Insurance, options to participate in a Health Savings Account, Flexible Spending Account, Health Reimbursement Arrangement, voluntary Life and AD&D coverage, voluntary Short‑Term, Long‑Term Disability and Supplemental insurance.
  
  In addition, eligible employees may have the option to participate in a company retirement plan.

MSF strongly believes every client should be served with integrity, dignity, and respect. Without compromise, MSF is committed to providing loans that are in the best interest of our clients, not our bottom line. We will continue to educate the community by empowering our clients to make responsible and informed fiscal decisions that result in greater financial peace of mind.

The primary duties of this position are to proactively solicit residential mortgage borrowers from personal referral sources, while developing and cultivating a strong pipeline. This position is responsible for assisting borrowers research loans and navigate the application, approval and closing process. Duties include recommending loan options to borrowers and explaining their terms, determining risks for loaning to borrowers based on their credit and processing paperwork.

In addition to employment definitions outlined by the Department of Labor, Outside Sales Loan Officers are defined to include employees who are not assigned a temporary or introductory status and who do not fall under regular or scheduled hours of work each week. While this position shall receive all legally mandated benefits (such as Social Security and Workers’ Compensation insurance), Originator is ineligible for other benefits including a salary or hourly minimum wage draw.

• Loan products offered may include conventional, VA, FHA, USDA, ARM, renovation, hobby farm, and rural and agricultural loans
• Minimum production requirement is two (2) units a month
• Provides friendly residential loan origination services as a trusted alternative to big, impersonal financial institutions, redefining the mortgage experience for customers and team members
• Engages in marketing and promotional activities in support of Loan Officer’s personal leads
• Builds and maintains a pipeline of referral sources from which to identify new personal sales leads such as real estate brokers/salespersons, builders, bankers, community leaders, family members, etc.
• Spends at least one or two hours a day, two or more times a week outside of the office (including home office) originating loans, networking or marketing with referral partners, or developing personal relationships with potential borrowers.
• Conducts in-person calls outside of the branch office location (including home office) to real estate agents and brokers, financial advisors, and other potential referral sources to develop borrower leads.
• Meets with borrowers in person to sell mortgage loan products, with meetings occurring with prospective borrowers at locations other than MSF’s branch…