Mortgage Loan Officer

RETAIL MORTGAGE LOAN OFFICER

 

We Are GMAC Mortgage, LLC.

GMAC Mortgage, an indirect, wholly owned subsidiary of Ally Financial Inc.  A company with a new approach and rich history; Our Company dates back 1919 and is build on the strong foundation of GMAC Financial Services.  Our associates and customers are at the heart of everything we do.  We are financially strong and positioned for significant growth. We offer competitive comp plans, benefits and rewards with one of the nation’s largest home mortgage originators. We have 25 years of experience, a solid reputation and a loyal customer base. Our MortgageServicingCenter provides service for GMAC Mortgage loan accounts, including billing, payment and general customer service.

·         GMAC Mortgage is the 4th largest loan originator in the nation, and the 5th largest in loan servicing

·         GMAC Mortgage has prospered with 6 consecutive profitable quarters in 2010-2011

·         Financial strength and Industry leadership

·         Leads and referral sources with Top-notch sales tools and Unparalleled customer service

·         Training and ongoing education

·         GMAC offers market competitive variable commission

·         Recently named as Fortune 500’s Top Ten Commercial Banks

 

GMAC Mortgage/ Ally Financial strives to build a World Class culture that engages a diverse and vibrant team of professionals.  We seek employees who are motivated for success with processes aligned to promote inner-mobility, career growth and leadership development.  GMAC Mortgage/Ally Financial remains committed to offering a compelling employment proposition that enables us to expand our dynamic team.  Put your career on a path with a company that’s taking the financial services industry in a new direction and apply today!” Visit www.ally.com to learn more.

 

RETAIL MORTGAGE LOAN OFFICER:

 

Position Description:

The role of the GMAC Retail Loan Officer is to represent GMAC Mortgage and to originate residential real estate mortgage loans. The Loan Officer will develop and maintain existing client relationships as well as identify and pursue potential new customer opportunities.  This role reports directly to the Area Sales Manager. 

 

Principal Accountabilities:

·         Promote loans through public contact and GMAC affiliates

·         Develop relationships with new and current Realtors, builders and borrowers to promote continuous business

·         Interview and pre-qualify prospective borrowers

·         Comply with all disclosure requirements and timeframe

·         Advise borrowers of lock-in policy and ensure lock requests are completed accurately

·         Inform borrowers and related parties of loan product options and parameters, and other requirements needed to close the loan

·         Meet and maintain all licensing requirements including continuing education

·         Review new loan guidelines, programs, updates and changes

 

Minimum Requirements:

·         Must have a minimum of 3+ years of current and consistent Retail Mortgage Loan Origination / mortgage banking experience

·         Relocation is not authorized for this position. Must be located within the County of the Market in which this job is being offered

·         Experience must include the following Retail Loan Origination / Sales experience:

·         Must have a current book of business / self sourced business leads

·         Must have proven Retail mortgage production exceeding 12 million annually and a current pipeline

·         Must have proven loan origination documented from the last 2 years consecutively

·         Ability to build quality customer and client relationships 

·         Effective verbal and written communication skills

·         Excellent math, analytical and time management skills

·         Strong interpersonal skills and a professional demeanor

 

 

POSITION REQUIREMENTS:

 

Work Experience:

·         THE LOAN OFFICER MUST BE SAFE ACT COMPLIANT AND A LICENSED LOAN ORIGINATOR IN THE STATE IN WHICH LOANS ARE BEING ORIGINATED

Technical Competencies:

·         Knowledge of PC Environments to include Microsoft Word, Excel, PowerPoint, Outlook

·         Basic ability to analyze personal and business financial statements and related documentation

 

Personal Competencies:

·         Persuasiveness

·         Interpersonal / Relationship management

·         Self-motivated

·         Resourceful-able to translate initiatives into action

·         Models high performing levels of performance, motivation and personal integrity aligned with GMAC corporate values

 

Work Environment:

·         40-60% of daily local travel could be required based on region

·         A home work environment may be needed

 

Education:

·         High school diploma or equivalent, college degree preferred

 

   Working at GMAC Mortgage.  is Rewarding!  

 

GMAC’s compensation program offers above market-competitive commission plans and bonus pay potential based on achieving personal and company goals.  We have Base and Variable Pay (bonus and commission) options within the GMAC Mortgage organization. 

 

GMAC Mortgage/ Ally Financial Offers Competitive Benefits: (GMAC)