Stearns Lending, Inc. is the nation’s 5th largest privately held residential mortgage lender that delivers customized financial services to businesses, individuals and families in all of the markets and communities we serve. We are seeking a motivated Senior Loan Originator for the Hinsdale Illinois Branch location. A comprehensive benefit package including 401(k) and medical, dental and vision insurance is available. Please visit our web site stearns.com to learn more about us.
This position is a commission-based mortgage loan originator. The candidate will be expected to produce residential mortgage loans, either for purchase, refinance or new construction, in compliance with Federal and investor guidelines. They will take direction from the Branch Manager with regard to new business generation activities, and will interface internally with Stearns staff including underwriters, closers and processors and externally with Realtors, CPA’s, attorneys, title agents and other professionals to generate business.
The LO’s role is to assist prospective clients in obtaining financing for residential real estate. They must be able to execute on the following:
- Understand secondary market underwriting and pricing guidelines, as well as Stearns policy and procedure, and deliver profitable loans that meet these guidelines.
- Develop loan production from external sources including CPAs, attorneys, and Realtors.
- Close loans from leads provided to the LO by the Branch.
- Originate loans by taking applications, collecting appropriate documentation, submitting the loan request to underwriting, and assisting in closing the transaction.
Superior communication, client service, and analytical skills.
Demonstrated relationship development skills, with a minimum of 3 years experience in the mortgage banking industry.
NMLS licensing is required and candidate must maintain their NMLS active status and remain in compliance with all Federal and State regulations with respect to mortgage loan origination.
PC skills required, both internet and loan origination systems.