HIRING A LOAN PARTNER CHECKLIST
BY IRENE DUFORD
loan; have a general knowledge of Fannie Mae, FHA, VA, and USDA guidelines; know how to run DU; know how to stack and submit files; know how to request and clear conditions; and know how to communicate with both borrowers and Realtors. We are looking for a genuine team player who is excellent at communicating professionally with clients and is a steel- trap with following through on tasks and assignments. You should be able to learn new skills and information needed to adapt to the ever-changing mortgage industry and have a self-motivated ability to “figure things out” along the way. Only apply if you want to be part of a fast-growing team who really cares about their clients.
⃞ ⃞ Clearly define the job description. ⃞ ⃞ Decide if you want an in-office or remote loan partner. ⃞ ⃞ Determine the pay. Will it be a salary? With or without bonuses? Clearly define this in writing. ⃞ ⃞ Watch this class on hiring: MortgageMarketingAnimals. com/course/how-do-you-hire-the-right-team. ⃞ ⃞ Look through the ads and decide which one to use: MortgageMarketingAnimals.com/course/sample-ads- for-hiring. ⃞ ⃞ Rayce Robinson’s ad is excellent for finding virtual loan partners. It can be used for in-office loan partners too. Adjust it to fit your needs. Rayce’s Example: Help Wanted: I’m looking to hire a salary-based LOAN PARTNER to join my team. We currently have one (1) available position. This position is different in that you can be located anywhere in Florida and work virtually yet receive a monthly salary. This position is a full-time position. A mortgage license is ideal for this position, but we are willing to consider someone who is unlicensed if they have strong processing or underwriting experience. We have a generous compensation plan, and the pay range will be between $40,000–$50,000 and will be discussed in detail during the interview. The ideal candidate may currently/formerly be a loan officer who loves working the loan but doesn’t like to “go get new business” and wants to know they will get paid every week. Also, a processor or underwriter who likes talking to people but is burned out will enjoy this position. This candidate absolutely must know how to pull and analyze credit; know how to review income and asset documents; have an understanding of how to structure a VIRTUAL LOAN PARTNER hiring through Indeed.com.
Responsibilities include:
• Taking applications and entering files/uploading documents into the database
• Sending out needs list to client
• Following up on needs list
• Tracking the mortgage pipeline
• Calculating income and running DU
• Helping clear conditions
• Making sure closings happen on time and putting out fires
• Doing Realtor follow-up
We only have one (1) position available. Job Type: Full-time Mortgage experience required: 2 years Please send in your resume for consideration.
6 | mortgagemarketinganimals.com
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