Mortgage Loan Processor

Leverage Companies

$60K — $125K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 1+ years of proven experience in private, non-QM, DSCR or investor lending.
  • Documented history of high production volumes.
  • Expertise in structuring complex DSCR loans and portfolio management.
  • Strong understanding of market trends and property valuation.
  • Ownership mentality with high personal standards.
  • Exceptional analytical, financial modeling, leadership and communication skills.

Responsibilities

  • Oversee and manage loan processing transactions and compliance.
  • Collaborate with teams to improve processing workflows.
  • Conduct detailed pricing analyses on various loan products.
  • Monitor market trends to inform pricing strategies.
  • Act as the primary contact for assigned client accounts, ensuring satisfaction.
  • Utilize analytical tools to interpret financial data and provide insights.
  • Identify risks in processing and pricing and develop mitigation strategies.

Benefits

  • Realistic cash OTE for top-tier producers ranging from $90k-$120k/year.
  • Aggressive, uncapped commission structure based on production.
  • Access to an 85%+ close rate and strong borrower loyalty.
  • Opportunities provided through a proven AI-driven marketing funnel.
Full Job Description
Please be advised that Leverage Companies does not accept unsolicited resumes or services from third-party recruitment agencies. In the event that a recruiter or agency submits a resume or candidate without a prior agreement, Leverage Companies explicitly reserves the right to pursue and hire those candidates without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted directly to employees, shall be deemed the property of Leverage Companies.

The Opportunity:

This is not just a typical processing, paper gathering position. You will quarterback the entire loan lifecycle, working a high-intent pipeline of DSCR and non-QM business.

The anticipated annual base cash compensation for this role is $60,000 per year.

This role also has a variable cash compensation component, making the total on-target cash compensation of$125,000 per year. You will plug directly into a proven, AI-driven funnel and an elite operations team.

This position has a base salary of $60,000/year and the compensation structure is designed specifically for top performers to exceed $120,000+/year. This is an on-site role in our headquarters in Newark, NJ.

What you will do:

Processing and Transaction Management:

Execute and oversee the processing of loan transactions, ensuring accuracy and compliance with internal policies and regulatory standards primarily focused on document collection and verification

Collaborate with various teams to streamline processing workflows and identify opportunities for efficiency improvements

Pricing Analysis:

Conduct comprehensive pricing analysis on various loan products to support informed decision-making

Stay abreast of market trends, competitive pricing, and economic indicators to adjust pricing strategies accordingly

Account Management:

Serve as a primary point of contact for assigned client accounts, addressing inquiries, providing updates, and ensuring overall client satisfaction.

Collaborate with clients to understand their financial goals and tailor solutions to meet their individual needs.

Data Analysis and Reporting:

Utilize analytical tools and software to extract, analyze, and interpret financial data, providing insights for strategic decision-making

Generate regular reports for internal and external stakeholders, highlighting key performance indicators and trends

Risk Management:

Work closely with the underwriting team to identify potential risks associated with processing and pricing activities

Develop and implement risk mitigation strategies to safeguard the interests of the company

What you will get:

  • A realistic $90k-$120k/year cash OTE for top-tier producers.
  • No Gimmicks: An aggressive, production-based commission structure with an uncapped upside.
  • The Platform: Benefit from an 85%+ close rate and massive borrower loyalty.
  • Lead Flow: Access to a proven AI-driven marketing and follow-up funnel that feeds you real opportunities, not just "noise".


What you will bring to the table:

  • 1+ years of proven experience and success track record in private/non-QM/DSCR/investor lending.
  • Documented track record of consistent (over)production, such as files volume.
  • Demonstrated expertise in complex DSCR loan structuring, portfolio management, and navigating intricate lending scenarios.
  • In-depth knowledge of market trends, property valuation, and investment analysis.
  • High personal standards and ownership mentality.
  • Strong analytical, financial modeling, leadership, communication, and mentoring skills.


What we look for in all our employees:

  • A demonstrated track record of winning; we never stop at "just enough"
  • An insatiable eagerness to continuously learn and to be coached; we are lifelong learners and always make ourselves available to others to teach us something new
  • A possession of strong entrepreneurial spirit; we have a burning passion for building something great out of nothing
  • A big vision for themselves and those around them; we always strive to be the best version of ourselves and help those around us do the same
  • An unwavering sense of integrity; an individual who roots oneself with a core belief that how one does anything is how one does everything


Additional Information:

Leverage Companies highly values having employees working in-office to foster a collaborative work environment and company culture. Under certain circumstances, a hybrid working arrangement with a minimum of 3 days in office in Newark, NJ may be arranged.

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