Loan Originator Jobs in Michigan
A Loan Originator, also known as a mortgage loan officer, plays an essential role in the banking industry. Their primary role is to solicit new business and originate new loan applications for the bank or lending institution. They work with individuals or businesses seeking loans, clarify the different types of loans and terms the bank offers, and gather personal and financial data to complete loan applications. They also analyze and verify the loan applications to determine the borrower's creditworthiness and ability to repay the loan. They then forward the completed applications to the underwriting department for approval.
Loan originators must have excellent communication and customer service skills, as they are the first point of contact for customers seeking loans. They need strong analytical skills to accurately evaluate financial information and make informed decisions. Loan originators should also be familiar with industry regulations and lending programs. Some important certifications for a loan originator include Mortgage Loan Originator (MLO) license, which requires passing the National Mortgage Licensing System (NMLS) exam. Before becoming a loan originator, one might have roles such as a loan processor, a bank teller, or a sales representative in a financial institution.
process and life cycle, presenting tailored solutions based on customer needs Manage the life cycle of loans, including collections activities while maintaining compliance with all relevant laws and...
Responsibilities We are seeking a Mortgage Loan Originator with a strong sales orientation....
lending experience preferred Knowledge of lending regulations, credit analysis, and loan origination processes Demonstrate comprehensive knowledge of consumer lending products, services, and processes...
process and life cycle, presenting tailored solutions based on customer needs Manage the life cycle of loans, including collections activities while maintaining compliance with all relevant laws and...
experience; thorough knowledge of loan processing and underwriting fundamentals....
An agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
An agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
An agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
Duties and Responsibilities: Loan Origination: Achieve mortgage loan production goals through the origination of 1-4 residential mortgage loans....
Remote WorkAssists clients through the loan process from application to closing. Maintains minimum production standards including originations & fundings....
Remote WorkAn agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
What Makes You a Great Fit: Residential mortgage lending (2+ years and active licenses). World class at taking buyers from "hello" to "keys in hand."...
High-school diploma or GED and a minimum. 3-years lending origination experience. Strong PC skills, including Power Point, Excel, Word and Lotus Notes....
An agricultural lender has knowledge of the industry, the market area, and keeps up to date with rules and regulations....
Youll partner with Credit & Loan Processing on the approval, documentation, and booking processes....
Demographic Data for Michigan
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Salary for Loan Originator Jobs in Michigan
Required or preferred licenses and certifications for Loan Originator positions.
Highest Education Level
Loan Originators in Michigan offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Originator position
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Nationwide Mortgage Licensing System & Registry
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- VA Loans
- Commercial Lending
- BSA
- Federal National Morgage Association
- Loan Processing
- Encompass
- Freddie Mac
- Fannie Mae
- FHLMC
- OFAC
- Mortgage Processing
- Financial Services
- Loan Servicing
- Credit Analysis
- USDA
- Underwriting
- Appraisal
- Financial Analysis
- Goal Oriented
- Real Estate
- Referrals
- Customer Satisfaction
- Closing
- Collections
- Finance
- Business Development
- Retail
- High School Diploma
- Customer Relations
- Negotiation
- Accounting
- Written Communication
- Documentation
- Employee Development
- Verbal Communication
- Telephone Skills
- Policy Development
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Teamwork
- Organization
- Customer Service
- Scheduling
- Computer Skills
- Leadership
- Communication Skills
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