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Mortgage Loan Officer
Career Insights for Mortgage Loan Officer
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Scorecard
Based on Michigan data
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What they do
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.
$63,004 / year median in Michigan
-26% projected decline
Job Description
REQUIRED.
We're not looking to simply hire Loan Officers, give them a login, and tell them to go find business. We invest in our Loan Officers. We invest in your marketing. We invest in your technology. We invest in administrative support. We invest in your lead generation. We invest in your career. And we invest in your health. Our goal is to give our Loan Officers the infrastructure necessary to focus on what generates revenue: Talk to borrowers. Take applications. Build relationships. Close loans. Earn 40%-60% of Loan Revenue Our compensation plan is built to reward production. Loan Officers earn a percentage of the loan revenue generated from their funded transactions, starting at 40% and increasing through our production tiers to as much as 60%. The more you produce, the more you earn. In addition to regular commissions, Assure Loans offers monthly production bonus tiers with additional cash incentives when you achieve your monthly goals. We want our highest-performing Loan Officers to be financially rewarded for their performance. Up to $3,000 New-Hire Bonus Eligible newly hired Loan Officers can receive: $1,000 Signing Bonus PLUS $2,000 Additional Bonus After 90 Days That's up to $3,000 in additional new-hire bonuses on top of your commissions and monthly production incentives. Refer an LO — Earn 2% of Their Loan Revenue Help us grow the team and create another income stream for yourself. When you refer a licensed Mortgage Loan Officer who joins Assure Loans and qualifies under our referral program, you can earn: 2% of the loan revenue generated by that Loan Officer. This isn't designed to be just a one-time referral bonus. As the Loan Officer you referred continues producing eligible loan revenue with Assure Loans, you continue participating in 2% of that eligible revenue under the program. Refer great people. Help us grow. Get rewarded when they produce. Referral compensation is subject to program eligibility, company policies, the referred Loan Officer's continued eligibility and production, and applicable laws and regulations. AI-Powered Prospecting Designed to Help Fill Your Calendar One of the biggest challenges Loan Officers face is consistently generating enough conversations. We're investing heavily in solving that problem. Assure Loans is building an AI- and technology-driven sales platform designed to help: Outbound dial prospective borrowers Automatically send text-message follow-ups Deploy email campaigns Identify potential opportunities using AI-powered insights Reactivate older prospects Market to past clients Nurture leads over time Generate new borrower opportunities Schedule appointments Help keep your calendar filled with conversations Our goal is simple: Give our Loan Officers more people to talk to and more opportunities to close. You still need to sell. You still need to follow up. You still need to perform. But you don't have to build everything yourself. Heavy Investment in Marketing & Client Acquisition We're aggressively expanding our marketing capabilities to bring additional clients and opportunities into our organization. We're investing in new lead sources, database marketing, past-client campaigns, automated nurturing, AI, outbound prospecting, and other marketing initiatives designed to continually create new opportunities. As our company grows, we want our marketing investment to directly help grow our Loan Officers' pipelines. Administrative Assistance — Stay Focused on Originating We believe a Loan Officer's most valuable time should be spent on the front end of the business. That's why we're investing in administrative assistants who can work directly with our Loan Officers to help keep files moving. Instead of spending valuable selling time tracking down documents, organizing paperwork, handling repetitive follow-ups, and performing administrative tasks, our support structure is designed to help take those responsibilities off your plate. You focus on originating. Talk to borrowers. Structure loans. Take applications. Build referral relationships. Grow your pipeline. Close more business. We want our administrative team and technology handling more of the behind-the-scenes work so you can remain focused on revenue-generating activities. Life Time Diamond Membership After 90 Days We don't believe investing in our people should stop at the office. After 90 days with Assure Loans , eligible Loan Officers receive a Life Time Diamond-level membership as part of our investment in employee health, wellness, performance, and quality of life. We want our team members to have access to premium fitness, wellness, and recovery amenities while building their careers. Perform better. Live better. Build a better career. It's another example of our philosophy: If you're willing to invest in your career with Assure Loans, we're willing to invest in you. Who We're Looking For An active Mortgage Loan Originator license isREQUIRED
to be considered. We're looking for licensed Loan Officers who are: Hungry to increase their production and income Strong communicators and relationship builders Comfortable speaking with borrowers by phone Consistent with borrower follow-up Comfortable using CRM and sales technology Coachable and willing to follow proven processes Competitive and goal-oriented Motivated by performance-based compensation Focused on delivering an excellent borrower experience Interested in building a long-term mortgage career Excited about working within an AI- and technology-driven mortgage company Why Assure Loans? ✓ 40%-60% of Loan Revenue Compensation ✓ Additional Monthly Production Bonuses & Cash Incentives ✓ $1,000 Signing Bonus ✓ Additional $2,000 Bonus After 90 Days ✓ Earn 2% of Eligible Loan Revenue Generated by LOs You Refer ✓ Life Time Diamond Membership After 90 Days for Eligible LOs ✓ AI-Powered Prospecting & Sales Insights ✓ Outbound Dialing Infrastructure ✓ Automated Text & Email Marketing ✓ Company Investment in Marketing & New Client Acquisition ✓ Past-Client & Database Marketing ✓ Administrative Assistance ✓ Technology Designed to Reduce Repetitive Work ✓ Multiple Mortgage Products & Lending Opportunities ✓ A Company Investing in Your Long-Term Career We Don't Just Hire Loan Officers. We Invest in Them. We're building an environment where motivated Loan Officers have the compensation, technology, marketing, administrative support, and opportunities necessary to become serious producers. We want you focused on the front end: Originating. Advising. Building relationships. Taking applications. Closing loans. We'll continue investing in the infrastructure around you. If you're a licensed Mortgage Loan Officer and believe you can produce when given the right tools, support, technology, marketing, and compensation structure, we'd like to speak with you. Apply today and learn more about building your career with Assure Loans. Instant Loans Inc. DBA Assure Loans NMLS #180959 Compensation, bonuses, referral incentives, memberships, and other programs are subject to company policies, eligibility requirements, production thresholds, licensing requirements, and applicable federal and state laws. Assure Loans is an Equal Opportunity Employer.Pay:
$85,000.00 - $187,000.00 per yearBenefits:
Dental insurance Health insurance Vision insuranceWork Location:
In personBenefits
- Health Insurance
- Dental Insurance
- Vision Insurance