MLO; Mortgage Loan Originator; Loan Officer

Job Description
Optimal Loans
Job Title: MLO/LO
Optimal Loans is a Mortgage Brokerage based in Oakland, CA. We are looking for a qualified candidate that can assist us in business development on the residential front.
At Optimal Loans we do residential, commercial and Business Loans (SBA). We are a startup business that is in its initial phase and we are seeking individuals that would like to grow with us. Optimal Loans is a small company with less than 5 employees. Our brokerage division is dedicated to financing residential and commercial properties. The key to our business is our deep understanding of the real estate industry.
We are looking for a Mortgage Loan Originator (MLO) for our office in Hayward, CA.
-Growing your book of business
-Prospecting for clients (Networking trough different mediums)
-Communicating with loan processor, borrower and lender
-Taking a loan file from start to finish
Basic Qualifications
-0-3 years of experience as a loan officer.
-Real License and NMLS License.
Licensing requirements are not a must. We are also looking for individuals who have a sales background and our interested in getting licensed. Optimal Loans will assist in acquiring the licenses.
What we are really looking for
Deep understanding of the Residential business. Has the ability to effectively communicate with co-workers, clients and our external partners. We are seeking a person who Demonstrates leadership and professionalism. Someone who can operate autonomously with no supervision. We would like you to be solutions oriented and very customer friendly.
Preferred Skills
-understanding the mortgage brokering business. Wholesale lending business knowledge preferred
-Basic knowledge of the secondary market (Fannie Mea and Freddie Mac)
- Some experience with submitting loan files to mortgage banks and companies
- Basic understanding of financials
-Self-starter, detail oriented, proactive, focused and flexible
- Knowledge of loan products (Conventional, FHA, Non-conforming or jumbo loans)
-Well Spoken
-Some understanding of LOS Systems.
This position does not require you to be in the office 8-5; Working remotely is an option. Since we are a startup company we don't have a traditional corporate set up. At optimal loans we are open to new ideas and our focus is cultivating growth.
With us you have the ability to earn a competitive Salary which is performance based.
Commissions Paid
First 4 Deals:
80% of commission compensation on each Loan closed (20% of commissions earned go to Optimal Loans)
80/20 Split
5-10 Deals:
90% of commission compensation on each Loan closed (10% of commissions earned go to Optimal Loans)
90/10 Split
11th Deal and on:
95% of commission compensation on each Loan closed (5% of commissions earned go to Optimal Loans)
95/5 Split

If this opportunity is intriguing to you please shoot us an email or give us a call. We would love to hear from you.
Optimal Loans
Email: email removed
Website: www.Optimalloans.com

Don't Be Fooled

The fraudster will send a check to the victim who has accepted a job. The check can be for multiple reasons such as signing bonus, supplies, etc. The victim will be instructed to deposit the check and use the money for any of these reasons and then instructed to send the remaining funds to the fraudster. The check will bounce and the victim is left responsible.