Mortgage Loan Originator Job Description

An effective job description is vital when finding suitable job candidates. No need to start from scratch. By making use of this sample job description template you will make it easier for yourself and you will have a head start.

How do I write a Mortgage Loan Originator Job Description?

This sample Job description explainer offers guidance on key sections that are important to include for clarity, as well as suggestions for promoting the position. It provides a list of duties, responsibilities, tasks, requirements, demands for setting job expectations and the employee's ability to perform the work as described. However, it’s often not construed as an exhaustive list of all functions, responsibilities, skills and abilities. When writing a job description, consider the following:

• Highlight the accurate job title;
  
• Provide a general company introduction;
• Provide a brief summary or introduction that provides an overview of the job;
• Specify the relevant job duties and responsibilities that are necessary for this position;
• List essential qualifications;
• Be clear and concise;
• Have someone proofread it;
• Make sure that HR and the hiring manager will sign off before publishing it;
• Define what success looks like in the position after 30 days, the first quarter, and the first year;
• Provide direct contact details of the manager or HR department who will follow up on the candidates.

Publish it via several social media platforms, or offline media, so you are sure that in-house employees also can get easy access to it.

Responsibilities:

• Mortgage loan originators need to have a Mortgage Loan Originator (MLO) license.
• This license is offered by the Nationwide Mortgage Licensing System (NMLS).
• Requirements vary by state, but applicants will generally need to pass a background check, submit a credit report, take at least 20 hours of courses, and pass an exam.
• In some states, the Secure and Fair Enforcement (SAFE) Act requires mortgage loan originators to take courses in order to gain a license.
• These courses include topics on becoming an MLO, how mortgage procedures work, ethics, and federal law.

Qualifications:

• All mortgage loan originators need a minimum of a high school diploma or equivalent. It can depend on the employer, but candidates with a bachelor's degree in a business or finance-related field are preferred.
• On-the-job training is usually available once an applicant is hired.
• The two main things mortgage loan originators need to have are experience and a working knowledge of mortgage procedures and terms.
• Many positions require previous work experience in a banking, sales, or customer service position.
• Candidates need to be knowledgeable in areas such as underwriting, federal lending regulations, and mortgage guidelines.

By using this Mortgage Loan Originator job description sample, modifying it to your needs, and then posting it, you will soon start receiving Resumes and Cover letter from suitable candidates. This Mortgage Loan Originator Job Description template is fully customizable and can be used in Google Docs, MS Word or Pages format. Get this printable file now and personalize it according to your needs.