Mortgage Loan Officer

About this role

• **Overview** Loan Factory is looking for experienced, results-driven Mortgage Loan Officers to join our growing nationwide team.
• In this role, you'll manage the mortgage process from initial consultation to closing, recommend financing solutions that meet borrowers' needs, and deliver a seamless experience while maintaining compliance with applicable regulations.
• At Loan Factory, you have the freedom to grow your own mortgage business, greater control over your income, access to advanced mortgage technology, and dedicated processing and underwriting support, all within a model designed to help you keep more of what you earn.
• **Key Responsibilities** * Manage the full mortgage origination process, from initial borrower consultation through closing.
• * Build and nurture client relationships and referral networks to generate new business and grow your pipeline.
• * Assess borrower financial profiles and recommend appropriate mortgage solutions, including Conventional, FHA, VA, Jumbo, and Non-QM programs.
• * Review credit, income, assets, and other financial documentation to determine loan eligibility.
• * Structure loan scenarios and negotiate terms while adhering to applicable mortgage regulations, including Fair Housing, TILA, and RESPA.
• * Prepare, review, and maintain accurate, complete loan files in accordance with agency and investor guidelines.
• * Leverage mortgage technology and financial systems to manage your pipeline, monitor loan progress, and improve efficiency.
• * Collaborate with processors, underwriters, escrow professionals, and internal teams to facilitate smooth, timely closings.
• * Maintain proactive communication with borrowers and business partners throughout the loan process.
• * Stay informed about mortgage products, investor guidelines, underwriting requirements, and regulatory updates.
• **Qualifications** * Active NMLS Mortgage Loan Originator license required.
• * Previous Mortgage Loan Officer experience strongly preferred.
• * Proven sales and business development abilities, with a track record of generating and closing mortgage loans.
• * Strong understanding of mortgage products, underwriting guidelines, loan documentation, and regulatory compliance.
• * Excellent financial analysis, negotiation, and problem-solving skills.
• * Strong written and verbal communication skills.
• * Highly organized and detail-oriented, with the ability to manage multiple loans and competing priorities.
• * Self-motivated, results-driven, and comfortable working independently in a fully remote environment.
• **Why Loan Factory?** Loan Factory provides the technology, resources, and operational support you need to build your business, increase productivity, and maximize your earning potential.
• * **100% commission:** Keep 100% of your commission, minus a flat $595 fee per funded file.
• * **No monthly desk fees or hidden fees:** Reduce overhead and retain more of your earnings.
• * **Flexible commission options:** Choose from commission plans up to 250 bps.
• * **1099 or W-2 options:** Explore the arrangement that best fits your needs.
• * **Affordable in-house processing:** Access in-house processing for $500 per file.
• * **TERA technology platform:** Streamline your workflow with an integrated mortgage technology platform.
• * **Dedicated underwriting support:** Get support to help move your loans forward.
• * **Live Loan Officer support:** Access assistance when you need it.
• * **Free training and education:** Strengthen your skills and stay competitive.
• * **Marketing tools and resources:** Build your brand, develop referral relationships, and grow your business.
• * **Marketing technology and automation:** Simplify workflows and improve operational efficiency.
• * **Referral rewards:** Earn cash or RSUs through eligible Loan Officer referral programs.
• **Compensation** * Commission-based compensation with unlimited earning potential.
• * Estimated annual earnings: **$172,111-$203,815**, depending on production.
• Actual earnings vary based on individual production, loan volume, and applicable commission arrangements.
• **Job Details** * **Job Type:** Full-time * **Schedule:** Flexible * **Work Location:** 100% Remote **Benefits & Support** * Flexible work schedule.
• * Fully remote work environment.
• * Access to Loan Factory's mortgage technology platform.
• * Processing and underwriting support.
• * Operational assistance and dedicated Loan Officer support.
• * Training and ongoing educational resources.
• * Marketing tools, technology, and resources to support business growth.
• Build Your Mortgage Business with Loan Factory Ready to take greater control of your mortgage business and income?
• Loan Factory gives experienced Mortgage Loan Officers the flexibility, technology, and support to grow their pipeline, strengthen referral relationships, and build a business on their own terms, without traditional brokerage commission splits or monthly desk fees.
• **Apply today to explore how Loan Factory can help you grow your business and keep more of what you earn.** Job Type: Full-time Pay: $172,000.00 - $205,000.00 per year Work Location: Remote

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