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Career Spotlight
JUNIOR LOAN OFFICERS NEEDED
$30,000 PER YEAR - HEALTH BENEFITS & 401 K - TRAINING PROVIDED
Veterans Home Mortgage, currently has a number of Junior Loan Officer positions available in their Internet Lending Division. The Starting pay will be $30,000 + Commissions. Background Check Required
INDUSTRY OVERVIEW:
Lenders Tighten Guidelines: Major lending institutions such as Washington Mutual, IndyMac Bank and Franklin Bank have closed their doors (not to mention a number of smaller ones). As a result, ALL lending institutions have become more selective on who they lend to by raising their minimum credit requirements, making it difficult for people to qualify for mortgages.
Diversification: At Veterans Home Mortgage, we have seen a huge increase in demand for credit and foreclosure services over the past few years. Last month alone over 600,000 people applied for mortgage loans that had poor credit and were unable to qualify for a new loan or refinance their existing ARM mortgage that has increase more than 50% of its original payment. While most mortgage companies have been closing their doors, Veterans Home Mortgage has adapted to this market and not only survived, but learned to thrive in this economy!
Job Description: Though the crisis is unfortunate, a tremendous number of opportunities have opened up as a result. Veterans Home Mortgage is currently training Junior Loan Officers in the areas of Credit Consulting, Loan Modification and Sub-Prime/FHA Lending. As a Junior Loan Officer you will be provided with customers who currently do not qualify for loans due to low credit ratings. Your responsibilty is to review the customers credit report and help them take the necessary steps to increase their scores to become eligible for a new loan.
Junior Loan Officers will be required to conduct online presentations to review our systems Credit Analysis with each of our clients to help them qualify for their loan.
- $30,000 Per Year Salary+ Commissions- Junior Loan Officers will receive a salary of $30,000 per year and 20% of the loan commission for each loan that is funded that was worked on.
- No Experience Required- With our proven training, you'll be offering financial products in a matter of days.
- No Licensing Required- As an employee of Veterans Home Mortgage, you will be able to conduct loan transactions under our corporate licensing.
- Multiple Revenue Streams-As a Junior Loan Officer, you will be able to earn revenues from helping clients with a variety of products and services such as Credit Consulting, Loan Modification, Debt Settlement, Mortgage Acceleration and yes...Mortgage Loans!
- Earn Management Bonuses-Once you learn the basics, you can start building your own team of mortgage consultants and earn management bonuses.
- Access to Top Lending Products- The current turmoil in the market makes it especially important to have the right products. Our products include FHA, VA, Commercial, Residential HELOCs and Reverse Mortgages.
- Corporate Benefits - Enjoy the security of our group medical, dental and 401K benefits.
