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Outside Mortgage Loan Officer / Mortgage Branch Opportunity

American Residential Lending • Miami, FL

Posted 20 days ago

Job Snapshot

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

Job Description


The Mortgage Industry's highest paid loan officers with the highest compensation models available and the industry's best priced lender all in one package.  Welcome to your new home and business partner!

 

****CURRENT LICENSE REQUIRED AS WELL AS EXPERIENCE. WE DO NOT TRAIN. THIS IS AN OUTSIDE/INDEPENDENT POSITION WHICH IS COMMISSION ONLY AND NO LEADS PROVIDED*****

 

****THIS IS AN INDEPENDENT MLO OR BRANCH POSITION.  WE ARE NOT LOOKING FOR INSIDE SALES NOR DO WE PROVIDE LEADS****

 

Why choose American Residential Lending? because you will get higher compensation, better rates, more independence, not be micro-managed, more freedom and flexibility, close-nit team atmosphere within the company, more loan programs, and technology that rivals the large corporations. If you're an independent MLO with their own book of business or an already established branch looking for a place to move its business then we challenge you to find another opportunity that will allow you to match the earning potential combined with the rates that you will see with American Residential Lending. Call now for more details.

 

American Residential Lending is looking for Outside independent LO's and Branch offices to add to our growing network of mortgage professionals. Our aggressive lending platform has been developed to be successful and rewarding with the highest possible compensation in the industry. Call now to inquire about more information.

 

  • Inquiries may be given temporary access to pricing engine for demonstration on unbeatable selling opportunity

 

Compensation: Tired of your bank padding your rates so much that you are having a difficult time staying competitive? Tired of Banking overlays and banks that don't want to take even the slightest risk causing you to turn away too much business? Maximize your commission on all loans originated while having rates that are so competitive that you will never again lose a loan for being undersold. Choose from multiple compensation levels and customize your income and pricing to suit your ability to effectively sell. We even allow you to submit expense reports and pay invoices from rolled over revenue. Please inquire for additional details on compensation, pay structure, pay periods, etc.

 

Technology: We have worked very hard to stay on the cutting edge. Here is a list of the few items available to our branches and originators -- FREE individual LO web pages or full web sites for branches; online loan applications with online customer doc uploads; web-based LOS; E-SIGN capabilities for same day submission options; cloud based lender databases to ensure your information is always up to date; Optimal Blue for automated pricing; online real-time rates and pricing portal for consumers and referral sources like Realtors and the list goes on.

 

Lenders, options, and support: we have partnered with a diverse set of banks/investors/wholesalers so that we can offer every loan product available in the market. This partner list has been systematically structured to enable the most flexibility you could possibly look for as an originator. In addition to this, you will have the best support staff available for loan level questions, Human Resource questions, or compliance or even technology questions. We are here to support our staff and help you grow! We also have FULL BENEFITS available to all employees (no employer sharing).

 

INFO

 

  • Corporate Headquarters is in North East Philadelphia, Pennsylvania
  • HUD approved lender with in-house underwriting and processing
  • licensed in multiple states including CT, RI, PA, NJ, DE, MD, DC, NC, SC, FL, TX, IL, MI, WI, IN, CO, WA, OR, CA, (VA pending, AZ in process)  (adding more states this year)
  • Correspondent Mortgage Banker with multiple additional wholesale and portfolio lender options
  • Individualized extremely competitive comp packages with monthly comp plan changes available and monthly P&L's maintained to help maximize profits
  • choose the independent LO platform with unlimited comp plans (inquire for more details), or the Branch Manager platform (inquire for more details)
  • 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.
  • You will not find a more profitable mortgage banking platform opportunity. We guarantee

 

Niche Loan Product List

 

FHA

  • State Bond Programs being established in second half 2017
  • 1xconstruction to perm
  • 203K Full and streamline with unlimited funds for home projects
  • FHA streamlines with NO FICO requirements
  • N/O/O FHA streamline refi's
  • Credit scores down to 500 - including High Balance!
  • No debt ratio overlays
  • No AUS overlays
  • No HUD guideline overlays
  • BK7 with less than 2 years out (with documentable extenuating circumstances)
  • 1 day out from BK 13 with 12 month on-time payment history
  • Manufactured homes
  • Manual Underwrites
  • FHA Flip on 1-4 unit properties
  • FHA Back to Work and $100 down HUD REO's

 

 

REVERSE

  • We treat reverse the same as regular FHA as far as corporate margins.  The earning potential is unbeatable with these products.  Over 15 point earning potential
  • Partnered up with the best investors in the industry so all the names you are used to will be available to you
  • Non-FHA reverse Jumbo available

 

 

VA

  • 1xconstruction to perm and renovation loans!
  • No VA overlays
  • VA Jumbo over $700K
  • VA IRRRL with no appraisal, no max LTV/CLTV, no overlays, mortgage ONLY credit
  • Cash-out to 100%
  • Down to 500 FICO including manual UW
  • All the same benefits as we have with FHA apply to VA as well

 

USDA

  • USDA streamline Refi
  • No USDA overlays

 

Non-QM/Portfolio  (below are blended options from many different programs from different wholesale lenders)

  • Investors:  100% gift funds; no reserves; no income/no assets for experienced investors; no limit on number of financed properties; close in LLC or corporation;  approval based on property cash flow; foreign nationals; fix and flip; cross collateralization; non-warrantable condos; condotels; up to 90% loan to value
  • Additional:  work Visa/EXPAT; delayed financing; Bank Statement for income; Asset depletion for income; 1-day out of foreclosure or BK7 to 95 LTV; Jumbo down to 500 FICO;  up to 50 DTI; 2nd homes allowed; no active trade lines with housing history; Foreign nationals with no ITIN or US credit required; Interest Only options;
  • Many more options and we continue to add new wholesalers in this space

 

 

CONVENTIONAL

  • No Overlays! Straight by FNMA/FHLMC guides
  • Manual UW!
  • Appraisal waivers per AUS
  • HARP loans with unlimited LTV/CLTV
  • 1xconstruction to perm as well as rehab loans - can also be used on investment properties
  • PMI Options including split, single, LPMI, and down to 620 FICO with no hit for high balance or rate and term refi's
  • Investment Properties to 85 LTV
  • Up to 10 financed properties
  • Cash-out 1 day off MLS (max 70 LTV)
  • Appraisal transfers
  • 1 year tax returns (per FHLMC guides) and W2 only transcripts
  • Mortgage Recasting options (certain investors)
  • Escrow Repair hold backs (on exception basis)
  • 3% down and funds can be gifted
  • Manufactured homes

 

JUMBO (this is PRIME jumbo…not the portfolio non-prime jumbo)

  • Down to a 660 FICO
  • Up to 95 LTV with NO MI!!!

 

2nd's (HELOC's and HELOAN's)

  • HELOC's up to 90% CLTV and can be used on purchases!!
  • HELOAN's to 95% CLTV



Job Requirements

****CURRENT LICENSE REQUIRED AS WELL AS EXPERIENCE. WE DO NOT TRAIN. THIS IS AN OUTSIDE/INDEPENDENT POSITION WHICH IS COMMISSION ONLY AND NO LEADS PROVIDED*****

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