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Florida 1099 Mortgage Loan Originator Remote Work From Home Location: FL Jobcode: s8jpl6 Email this job to a friend
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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
Bank Statement Mortgage Loans up to $3 million with a minimum of $150,000 12 or 24 months business or personal bank statements Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu Rates are 30-year fixed Two years self-employed required Borrowers can own as little as 50% of the business for business bank statements and 25% for personal bank statements Purchase and cash-out or rate-term refinance Owner-occupied, second homes, and non-owner occupied 1099 option available Profit and Loss (P&L) statements are a valid form of income verification 40 year interest only available Most loans will be qualified on an expense factor of 50%. Companies with a lower expense factor will require a statement from a third party CPA or tax preparer. (Some industries with traditionally higher expense factors will be underwritten with a 70% expense factor.) Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained Non-permanent residents allowed
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.
Florida Florida Jacksonville Florida Alachua, FL Miami Florida Alford, FL Tampa Florida Altamonte Springs, FL Orlando Florida Altha, FL St. Petersburg Florida Alva, FL Hialeah Florida Anna Maria, FL Port St. Lucie Florida Apalachicola, FL Cape Coral Florida Apollo Beach, FL Tallahassee Florida Apopka, FL Fort Lauderdale Florida Arcadia, FL Pembroke Pines Florida Archer, FL Hollywood Florida Astatula, FL Gainesville Florida Astor, FL Miramar Florida Atlantic Beach, FL Coral Springs Florida Auburndale, FL Lehigh Acres Florida Avon Park, FL Palm Bay Florida Babson Park, FL West Palm Beach Florida Bagdad, FL Clearwater Florida Bartow, FL Brandon Florida Bay Pines, FL Lakeland Florida Be
US Mortgage Lenders LLC 954-667-9110
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