Mortgage Loan Originator - JP Recruiting Agency

Job Title: Mortgage Loan Originator

Location: Atlanta, GA

Job Type: Full-Time, Commission-Based (with Base Salary for First 2 Months)

Job Description:

Client is leading mortgage lending company in the Atlanta area, is seeking motivated and experienced Mortgage Loan Originators (MLO) to join our team. As an MLO , you will play a crucial role in helping clients secure mortgage loans and achieve their homeownership dreams

Key Responsibilities:

• Originate mortgage loans, primarily focusing on cash-out refinance and purchase models.
• Build and maintain strong client relationships to provide excellent customer service.
• Collaborate with clients to understand their financial goals and advise them on suitable loan options.
• Ensure compliance with all mortgage lending regulations and guidelines.
• Achieve and exceed sales targets while maintaining a high level of customer satisfaction.

Compensation:

• Base salary for the first 2 months, commensurate with the candidate's experience.
• Competitive commissions structure.
• Top producers can expect to earn between $40,000 to $45,000 per month.
• Over 90% of loans closed are inbound, providing a steady stream of opportunities.
• Entry-level MLOs will receive a $3,000 base pay for the first 3 months, followed by commissions.
• Client offers various compensation plans to suit individual needs.
• New MLOs can benefit from a base guarantee, and compensation packages are negotiable.

Non-Negotiable Requirements:

• No job hoppers
• Candidates with no more than 6 months of job changes between 2020-2022 will not be considered
• Licensed Mortgage Loan Originators (MLO) only
• Candidates should be based in or around Georgia, specifically Atlanta and its surrounding areas
• Candidates living within a 2-3 hour radius of Atlanta preferred
• Willingness to work from the office for at least one or two days a week

Notes:

40-45k a month top producers
90+% loans closed are inbound
cash-out refinance
guys are out on the street focusing on the purchase model while everyone and their mom is doing that too - that's the difference between others and Milend
entry level - 3k base pay for 2 months then commissions
they have a few comp plans
there is a base guarantee for anyone that's new
it's all negotiable

there is a salary for the 1st 2 months and then it's 100% commission. There is a small hourly rate that is still paid if they don't close a loan, but it's only like $1200 per month to cover minimum wage. Under the commission structure we pay up to 120 bps at the highest tier.

Inbound call center with tons of leads provided also