Mortgage Loan Officer Job at Guaranty Federal Mortgage
PLEASE DO NOT APPLY IF YOU DO NOT MEET THESE QUALIFICATIONS.
Margin compression got you down? Employer stopped buying you leads and said hit the streets to earn a living? Your rates don't even put you in the game to compete for a loan? Has your comp plan been CUT or lead quality diminished to unstainable levels? Are you tired of just being another number and not a valued member of the Team?
If you answered "YES" to any of these questions then lucky for you, GFM is currently hiring highly motivated Mortgage Professionals to help us grow our market share. We are rebuilding our Sales Team with highly motivated and hard working Team Members that understand how to survive today's market. We currently generate approximately 125-150 million in loan volume annually and are looking to add new LO's for our sustainable growth initiative. We take great pride in this and believe investing in people is the key to a successful business model. Read this post in its entirety as it provides all the transparency you need to determine if you should Apply.
GFM is a family owned, residential mortgage company based in Frisco Tx. We have acquired a stellar reputation among our clients and business partners as being the "BEST" at what we do. We are "NOT" a Bank and do not operate like one. We DO NOT try to be all things in lending, and in turn we are able to remain focused on being exceptionally proficient at what we do best. This facilitates our ability to help best serve our client's needs with Lower rates, Lower cost, communication and overall loan efficiency. We close most loans in under 20 days and strive for 5 STAR review on all loans. This focused culture and business model is unique to the lending industry and is the centerpiece to our strategy in changing the way the loan process is viewed by our Team members and customers.
This is your opportunity to get in on the ground floor of a tremendous company. Your growth is only limited by you so come grow with us!
How GFM works
GFM has a tailored business model with a proven track record that allows for an industry high conversion ratio, provided the right candidate with the skill set we require is executing it. WE PROVIDE High Value Quality LEADS daily and our model sets up apart from our competition. These are NOT generic mailers or Portfolio leads. Typically we provide purchase leads that already have contracts or at the submitting offer stage. This puts you in a position to CLOSE now and not nurture the lead for 6 months. Typically purchase price range between 350-750K. MUST have expertise and EXPERIENCE in originating Purchase loans for Conv, VA and FHA financing and be able to CLOSE. We expect a 8-10% conversion ratio with these leads, pricing and the tools provided.
To that end, this specific job is not for everyone, YOU MUST BE ABLE TO CLOSE! Your skill set must include more than being able to take a 1003. You must not only have an in-depth knowledge of mortgages and finance, but you must be able to articulate that to your clients in an understandable format. Do NOT apply if you are just an order taker, as our model is not set up for you to succeed. Customer service really does mean something to us and is not just a tag line that sounds good in the job description. Our TEAM centric culture is one that you will need to embrace in order to have a true sense of job fulfillment and success. The right candidate can find themselves not just a new job, but a home to grow with at GFM. We truly ONLY want to hire long term TEAM members and job hoppers will be wasting their time applying.
Responsibilities: You will be required to work M-F typically, 9am to 6pm. You will make direct calls as well as use our CRM to contact new and aged clients via Text SMS, VM drop and Video messaging. Once you've engaged our customers you will find out what their specific financial goals are and structure a solution that works best for them. These customers will all have applied for financing with GFM through one our lead generation partners. You will take the application and determine which financial product best meets their specific needs. You will remain in contact with your clients throughout the loan process to insure the highest level of service to our clients. You will work with your Team Lead and be expected to fund 8-10 loans per month minimally with our business model after your first 60 days of originating. This will put you in a 200k+ comp range with the potential to be a top producer if your closing 15+ per month.
We will be looking to advance Top producers into Team Lead roles so that they can hire and develop their own Production Teams. Top producers can expect to earn between 200-300k per year with our comp plan.
Requirements: MUST have TEXAS NMLS license as well as the ability to get or be licensed in Florida, Colorado, Arizona and Kansas. Please do NOT apply if you do not meet this criteria.
- Highly motivated, ethical, organized and results driven
- This is NOT a remote position. Remote days are available though when needed
- Comfortable and confident in your understandings of purchases as well as other mortgage products
- Firm grasp and understanding of mortgages and how to best apply that knowledge to your customer's needs.
- MUST have STRONG phones skills and follow up with customers and new leads daily.
- Comfortable in a high energy, fast paced environment and maintain your pipeline
- Ability to LISTEN to consumers and offer viable financing solutions that best meet their needs.
- Offer FIRST CLASS customer service to our clients which sets us apart from our competitors.
- MUST be a STRONG phone closer(If you are an order taker you will NOT succeed)
- Strong organizational, email, verbal, written and basic computer skills.
- Basic knowledge of Calyx LOS or other systems.
- MUST HAVE 2-5 years of CURRENT mortgage lending experience.
- If you feel you meet the criteria we're looking for and have a passion for the business like we do, then we want to hear from you.
Benefits and Compensation:
- Commission Range: Top Producers will Earn $150-300K
- Company Paid SAFE Continuing Education Classes
- Company provided training
- Company provided leads (average loan amount $383,000 and 700+ avg fico)
- In house Processing Team-NOT outsourced
- Lowest and most competitive rates/ lender fees in Industry.
- Benefits available after 60 days employment. Medical, Dental, Disability, Vision and 401K
Job Type: Full-time
Pay: $80,000.00 - $300,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Employee discount
- Flexible schedule
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Physical setting:
- Office
Schedule:
- 8 hour shift
Supplemental pay types:
- Bonus pay
COVID-19 considerations:
Temp Check logins required daily for all employees, Sanitation stations set up in office, Mask, Shields, Sanitation supplies provided daily to all. Employees only allowed admittance to office. Covid Protocols followed if testing positive.
Education:
- High school or equivalent (Required)
Experience:
- Loan origination: 2 years (Required)
- Sales: 2 years (Required)
License/Certification:
- Tx RMLO license (Required)
Work Location: In person
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