A Mortgage Loan Officer assists customers who apply for loans, and solicits loan applications on behalf of a bank, mortgage broker or credit union. Provides information on types of loans available, gathers financial and credit information needed to evaluate loan applications; guides the application and approval process. May partner with real estate agents to offer financing information to potential home buyers. May sell mortgage loans on commission.
Optimum First Mortgage is looking for motivated, hard-working Mortgage Loan Officers who hold an active California DRE Real Estate License and NMLS License and want the opportunity to close a high volume of purchase and refinance loans. We provide the leads. You do not have to buy them . We invest heavily in Bankrate and other online lead sources. Our Bankrate leads are cell-phone verified purchase and refinance consumers, with a average cost of $166 per lead. This is a 1099 independent contractor position based on your California real estate license status. You will be self-employed and compensated as an independent contractor rather than as a W-2 employee. Because our Loan Officers are California DRE-licensed real estate professionals, there is also an opportunity for you to conduct real estate sales through the company. . This opportunity is designed for Loan Officers who want leads, infrastructure, processing, technology and support provided for them and are willing to put in the work required to convert those opportunities into closed loans. There is a direct correlation between the amount of effort you put into this position and your financial success.
BUILD YOUR OWN BUSINESS HERE AS WELL
Our company-provided leads aren't just opportunities to close individual loans. They're opportunities to build your own long-term mortgage business. Every purchase lead we provide gives you the opportunity to connect with the buyer's Realtor, build that relationship and develop a new referral partner. Business referred back to you through the relationships you develop can become self-generated business, which is paid at a higher compensation level than company-provided leads.
ABOUT OPTIMUM FIRST MORTGAGE
Optimum First Mortgage is one of UWM's leading conventional lenders and a top-rated mortgage company offering highly competitive interest rates. Our business model is built around providing Loan Officers with a high volume of opportunities and the support necessary to convert those opportunities into funded loans. Our Loan Officers are closing 5-30 loans per month, depending on experience, effort, lead conversion and overall performance.
WHAT WE PROVIDE
Company-paid leads Bankrate and other online purchase and refinance leads Cell-phone verified leads with an average acquisition cost of approximately $146 per lead Leads come in 7 days per week, 24 hours per day No lead costs to our Loan Officers In-house processing Lock Desk availability 7 days a week until 11:00 PM (M-TH,SUN) Comprehensive training and ongoing support Experienced and supportive sales managers Modern CRM and technology Modern Huntington Beach office just minutes from the ocean Collaborative, high-production sales environment Opportunity for qualified DRE-licensed Loan Officers to conduct real estate transactions through the company
OUR IDEAL MORTGAGE LOAN OFFICER
You must: Hold an active California DRE Real Estate License Hold an active California NMLS Mortgage Loan Originator License Be motivated, competitive and willing to consistently work company-provided leads Be available to work from our modern Huntington Beach office Be willing to obtain additional state MLO licenses as needed Understand that compensation is performance-based and results depend heavily on your effort, follow-up and ability to convert leads We are currently licensed in: Arizona, Colorado, Florida, Georgia, Idaho, Illinois, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington.
COMPENSATION & EMPLOYMENT STATUS
Compensation:
Performance-based. High-producing Loan Officers may earn $30,000+ per month. Actual compensation varies based on individual production and closed loan volume.
Position Classification:
1099 Independent Contractor This is not a salaried or hourly W-2 position. Loan Officers operate as independent contractors based on their California real estate license status and are responsible for applicable self-employment taxes and other obligations associated with independent contractor status. We do not pay for licensing fees or education costs. We welcome agents that have their own book of business and wish not to take leads and/or wish to work outside the office.
Pay:
$1.00 - $30,000.00 per month
Benefits:
Flexible schedule Referral program Application Question(s): Do you have a valid NMLS license? And DRE license? Ability to
