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Florida 1099 Mortgage Loan Originator Jobs Remote

Remote 90% Commission1099 Mortgage Loan Originator Jobs 100+Lenders
WWW. USMORTGAGELENDERS COM --FOR INFO CALL 954-667-9110
100% REMOTE 2.75 bips Mortgage Loan Originator
Mortgage Loan Officer - MLO Originator- NMLS & State Required We Hire and

Qualifications:
Strong Phone Skills
Strong People Skills
Strong Sales experience

All Florida Mortgage Loan Originator Jobs
All Florida including :: Miramar ::Palm Beach ::Miami :: Cape Coral:: Fort Lauderdale:: Hollywood, FL ::Pembroke Pines FL ::Jacksonville

Florida Mortgage Loan Originator Job Description:
US Mortgage Lenders LLC is hiring remote Miramar FL area NMLS Licensed Mortgage Loan Originators that have a track record of honesty and integrity. We are a highly established mortgage company hiring self-sufficient mortgage loan originators to market our unique loan programs and specialized services for the highest payout commission splits. We respect our loan originators independence and encourage them to work remotely while giving them access to our 100+ lender systems and processes and daily Zoom meetings. We provide daily new loan officer training while paying the highest commissions in the industry. If you would like to get started as a licensed Mortgage Loan Originator click here.

Mortgage Loan Originator Job Highlights:
Highest Compensation structure in the industry 1099 Paid on Closing Day.
100+ Wholesale Lenders FHA, VA, Conv, NON-QM, Niche Lenders providing specialty loan options.
Daily Zoom Training and Networking calls.
LOS Loan Origination System Provided with no additional fees or choose your own.
Work From Home or Office remotely and Process, Submit close your loans, or hire a contact NMLS licensed NMLS processor.
Full control of your files, call underwriter account reps directly.
Pick Your Own LOS loan origination software.
Pull Your Own Credit Reports.
Par Rates from All the Top Wholesale Lenders.
Credit score approvals are down to 500.
Same-day underwriting approvals.
Discount Mortgage Insurance Premiums.
Healthcare and Lead Program Discounts.
Newly Licensed Loan Officer Training.

Mortgage Loan Originator Requirements:
Must be licensed NMLS MLO.
Must be able to work from home without being micro-managed.
Must have Strong Phone Skills
Strong People Skills
Strong Sales Experience
Mortgage Loan Originator Job Advantages:

Borrowers can complete the on a cell phone or computer.
Real-time notifications every time a borrower submits an application
Integrate + into your website, email signature, and social media pages.
Quick-link version to capture leads by collecting just the basic information.

Mortgage Loan Originator Job Software:
Price out loans and generic disclosure packages quickly and easily.
Preset your fees to generate fee estimates automatically.
Run credit, e-sign documents, verify assets and download conditions.
3 Options Include UWM Blink, Preapp1003, and Arrive.

Job Requirments
Must be a licensed (MLO) Mortgage Loan Originator with the NMLS.
Must be a self-starter with sales skills and communication skills.

Job Onboarding:
Sign the agreement, Transfer the license, get logins and start submitting.
Onboarding includes a description of lender programs and lender
recommendations.
One on one Account rep support and training to learn new systems.
Weekly Company and lender-provided training webinars to learn new systems and processes.

Remote 90% Commission1099 Mortgage Loan Originator Jobs 100+Lenders
WWW. USMORTGAGELENDERS COM --FOR INFO CALL 954-667-9110
100% REMOTE 2.75 bips Mortgage Loan Originator
Mortgage Loan Officer - MLO Originator- NMLS & State Required We Hire and

Hiring in All Florida Areas Including and not limited to:

ALL FLORIDA

A non-qualified mortgage or non-QM is a home loan that is not required to meet agency-standard documentation requirements as outlined by the Consumer Financial Protection Bureau.

Non-QM mortgage lender loans in Florida may encapsulate a wide variety of mortgages, including

Home loans exceeding 30 year terms
Home loans with negative amortization
Home loans with interest only payments
Non-QM loans may also exceed the CFPBs current price based thresholds:

QM Safe Harbor APR equal or less than APOR + 1.5%
AM Rebuttable Presumption: APR greater than APOR + 1.5%, but equal or less than 2.25%
Avoiding those agency-standard documentation requirements means lenders do not need to make a good faith determination on the borrowers ability to repay a non-QM loan. In this case, good faith determination usually refers to checking W2 forms, pay stubs, bank statements and other documents that verify you make enough money to eventually pay back your home loan.

If youre thinking that sounds pretty risky, then you would be absolutely right. Homebuyers who use non-qualified mortgages are not protected by the CFPB. But, because non-QM loans are not burdened by those CFPB rules, lenders are able to offer more flexible income requirements while setting higher interest rates to offset the added risk.

To know what a NON-QM loan is you need to understand what a QM loan is. Qualified Mortgages or QMs, are loans that follow the regulations issued by the CFPB to ensure that lenders are providing safe and sustainable home loans for consumers. QMs must follow the ability to repay guidelines which means lenders must make a good faith effort to determine that borrowers have the ability repay the loan. QMs loans must also not have risky features such as negative amortization, interest only payments, balloon payments and excessive terms or fees. QM loans must also satisfy one of the following:

Borrowers debt-to-income (DTI) ratio is 43 percent or less
Loan is eligible for purchase, guarantee or insurance through the Federal Housing Administration, Veterans Affairs, United States Department of Agriculture or a government-sponsored enterprise (GSE), regardless of the DTI ratio
Loan was originated by insured depositories with total assets less than $10 billion and must be held in portfolio for at least three years.
So conversely, any loan that doesnt satisfy the above listed rules is a called a NON-QM loan. A NON-QM loan is not necessarily a riskier loan, it is one that simply doesnt satisfy the QM standards. Prior to the COVID-19 Pandemic in 2020, NON-QM loans were making a big comeback. Examples of some of the more popular non-qm loans include limited or alternative documentation loans. In the era of the gig economy not all borrowers fit the cookie cutter borrower mold. Borrowers who may benefit from these loans are self-employed borrowers, first-time homebuyers, borrowers with substantial assets, but limited income and Jumbo loan borrowers and investors.

Many homebuyers do not have the standard or consistent forms of income that are typically required by mortgage lenders. Yet, while they may not be able to qualify for conventional loans for various reasons, these buyers may still have enough income or assets to afford homeownership. In these situations, a non-qualified mortgage (non-QM) may be the solution.

What is a Non-QM loan?
In order reduce risk of loss after the mortgage meltdown in 2008, federal regulators tightened borrower requirements on mortgage loans that could be backed and bought by government agencies. Loans that meet all the new criteria are called qualified mortgages. Any loan that falls outside of those qualifications is called a non-qualified mortgage or non-QM.

A non-QM is a mortgage loan that uses alternate methods to verify income to qualify borrowers. Even though these loans do not meet the standard requirements, they are not necessarily riskier loans. All borrowers are still required to prove their ability to repay the loan. Because there is more work required to process non-QM loans, the interest rates tend to be anywhere from 0.5% to 5% higher, depending on the loan terms.

Who Do Non-QM Loans Help?
Non-QM loans are often a good fit for those who have unique income situations:

Self-employed borrowers
Self-employed individuals often have irregular income that may come from several sources. They can often qualify for a non-QM loan using bank statements rather than tax returns.
Borrowers with considerable assets
Some buyers who can buy a home with cash prefer to take out a non-QM loan to finance their purchase in order to maintain a positive cash flow.
Real estate investors
Those who buy homes expressly to flip them for profit or turn them into rental properties often use non-QM loans. This is because of the quick turnaround or because the qualifying income will come from the projected rent.
Foreign buyers
Borrowers from other countries may not have a U.S. credit score to help them qualify for a traditional loan. As long as these foreign buyers have high income, substantial assets and down payments, they can usually obtain a non-QM loan.
Buyers with blemished credit histories
Non-QM loans can also be helpful for those with sufficient income but credit issues like prior bankruptcy, foreclosures or not enough credit history.
What are the Benefits of Non-QM Loans?
The benefits of Non-QM loans include the following:

They provide mortgage funding for those with non-traditional income or financial situations.
They allow for loans up to $2.5 million.
Fixed-rate and adjustable-rate non-QM mortgages are available.
Non-QM loans close just as quickly as conventional mortgages.
They can be made to legal entities, like family trusts, instead of just individuals.
No mortgage insurance is required on non-QM loans.
They can be used to free up cash for investments.
Non-QM cash-out refinance loan