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Outside Mortgage Loan Officer / Mortgage Branch Opportunity

American Residential Lending • Houston, TX

Posted 9 days ago

Job Snapshot

Full-Time
Experience - At least 3 year(s)
$0.00 - $500,000.00 /Year
Mortgage
Banking, Finance
Relocation - No

Job Competition

2

Applicants

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Job Description

Summary:  American Residential Lending is looking for Outside MLO’s and branch offices to add to our growing network of mortgage professionals.  We have structured out business to be successful and rewarding with the highest possible compensation in the business and aggressive lending platform with the best rates available in the full service mortgage banking sector.  Call now to inquire about more information. Inquiries will receive:

●         Access to pricing engine

●         PowerPoint presentation of Origination Platform

●         One-on-one with ARL representative to discuss the structure and benefits of working with ARL. 

Compensation:  Having a difficult time staying competitive?  Are your rates too far priced out of the market?  Not only do we stand behind our bold statement that we have the best pricing in the full service mortgage banking sector, but we also have the most creative and flexible comp plans in the market.  This unrivaled combination will give you an edge on your competition and increasing your selling power and your revenue.

Technology: with a growing tech sector and marketing department we are always adding new technology and service options.  Here is a list of the few items available to our branches and originators — LO web pages and branch sites;   online loan applications and customer doc portals;   Cloud-based LOS;   FULL-E-sign initial disclosures;  Intranet web based resource management; Sure Fire CRM; recruiting assistance; customer trigger data monitoring;  Automated customer and realtor milestone notifications; single property web page co-branding; and more. 

Products:   Tired of Banking overlays or lacking too many products, or bogged down with conservative underwriting?  ARL has NO OVERLAYS on all agency products.   If it meets agency guidelines we will close the loan.   This includes 85% LTV cash out on conventional, government down to 500 FICO, VA with DTI over 60, and more.   We also have a FULL SUITE of Non-QM products that we underwrite in house.  Rarely will you EVER need to find a home for your loans as we will close them all in house.

Operations:   so we have the best prices, the most flexible comp, and an incredibly expansive product line…so how about operations?   We close loans in as little as 14 days and on average in 28 days.  Our underwriters are top tier, processing is extremely knowledgeable and organized, and operations support is always there to help with questions and keep the pipeline moving. If you bring in the deal, our operations team is incented to close it. Come over and see for yourself how it can be done.

Highlights:

●         Licensed in 24 states (as of 9/1/18).  Will be licensed in over 40 by EOY '19 and nationwide by EOY '20

●         All Agency products underwritten in house with NO OVERLAYS

●         FULL NON-QM Product Suite underwritten in-house.  No need to broker anything

●         Choose from three tiered production options for minimal corporate support to full loan assistant support

●         Progressive Technology and cloud based systems.  Everything is available on the go

●         Technology includes MLO web pages, online loan apps, customer doc portals, mortgage trigger monitoring, Sure Fire CRM, Cloud Based Resource Center, automated milestone email campaigns, post-closing customer retention campaigns, and more

●         MUST be licensed and have experience.  Limited training on company software and procedures only.   LO’s are expected to perform with a working knowledge of the current industry guidelines.

●         all applicants will have background checks and references checked.

There really are no products that we don’t offer, so instead of giving you a comprehensive list, here is more of a niche loan list

DPA/Bond/HFA

●         Multiple states bond programs underwritten in house

●         100% FHA/Conv financing through Federal Grant Program

●         Use of approved Non-Profit Affordable Seconds

FHA

●         FHA streamlines with NO FICO requirements

●         N/O/O FHA streamline refi's

●         1xclose / renovation

●         Credit scores down to 500

●         No cap on DTI

●         1.5% down FHA-Advantage Program

●         100% FHA with a 3.5% Federal Grant

REVERSE

●         Non-FHA Jumbo Reverse

VA

●         VA Jumbo over $700K

●         1xclose / renovation

●         Credit scores down to 500

●         No cap on DTI

●         N/O/O VA IRRRL's

USDA

●         USDA existing manufactured pilot

●         USDA Refi Pilot

CONVENTIONAL

●         No Overlays - period

●         Manual UW!

●         Appraisal waivers per AUS

●         HomeStyle for all property types and occupancy

●         True No MI option up to 97% LTV

●         100% CONV with a 3% Federal Grant

●         3rd party Equity share up to 20% gift for down payment

●         Investment Properties to 85 LTV

●         Cash-out to 85% LTV

●         Appraisal transfers

●         Income and transcripts from AUS (no overlays)

Non-QM/Portfolio

●         Bank Statements for income

●         Asset Depletion

●         Jumbo w/ 50 DTI

●         90 LTV with no MI

●         Foreign National 2nd Home

●         Jumbo 1 yr income history

●         Foreign Investor DSC

●         Investment NO RATIO/No Income

●         Rental DSCR (no cap on number of properties)

●         Jumbo 580 FICO

●         Recent Credit Event / 1 day out of FC

●         Non-warrantable condos

●         Interest Only

JUMBO

●         Down to a 660 FICO

●         Up to 95 LTV with NO MI!

2nds

HELOC's and HELOANS to 95% CLTV

Job Requirements

****CURRENT LICENSE REQUIRED AS WELL AS EXPERIENCE. LIMITED TRAINING ON COMPANY SOFTWARE AND PROCEDURES ONLY. LO's ARE EXPECTED TO PERFORM WITH A WORKING KNOWLEDGE OF THE CURRENT INDUSTRY GUIDELINES. THIS IS AN OUTSIDE/INDEPENDENT POSITION WHICH IS COMMISSION ONLY AND NO LEADS PROVIDED*****

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