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Rabbit Funding

Mortgage Loan Officer

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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.

$60,946 / year median in New York

-17% projected decline

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Job Description

Rabbit Funding is a brokerage with a focused niche: helping self-employed business owners use the equity in their property to wipe out short-term high-interest debt (MCAs, expensive business loans, maxed credit lines). We run cash-out refis, HELOCs, and second liens through bank statement, non-QM, DSCR, and conventional programs through wholesale lenders. We're hiring licensed MLOs to originate from our Manhattan office. Five days in-office. Not remote, not hybrid. Who we want Someone driven, who understands mortgages, and who can hold a real conversation with a self-employed business owner about their debt. If you've originated before and you're hungry, we'll train you on our niche. Requirements At least 1 year origination experience preferred (sharp newly licensed candidates considered) High outbound call and follow-up volume Responsibilities Active NMLS license Originate equity-based mortgage loans for self-employed borrowers Structure cash-out refis to consolidate borrower debt at close Move files from application through close, with processing support Compensation (Commission Only) Uncapped, paid per funded loan. 30% of total house commission
Pay:
$100,000.00 - $250,000.00 per year
Benefits:
Opportunities for advancement Parental leave People with a criminal record are encouraged to apply
Experience:
Loan origination: 1 year (Required)
License/Certification:
MLO License (Preferred)
Location:
Wall Street, NY 10005 (Preferred)
Work Location:
In person

Benefits

  • Dental Insurance
  • Parental Leave