Residential Mortgage Consultant

1 week ago


Chicago, Illinois, United States Summit Funding Full time
Job Overview

Company Overview:
Summit Funding, Inc. stands as one of the longest-standing privately owned mortgage lenders within the top 50 nationally. Founded in 1995 by Todd Scrima, our mission has always been to excel rather than to expand. In recent years, we have proudly contributed to the realization of homeownership for thousands of individuals. Our commitment to growth, a positive workplace culture, and a legacy of reliability solidify our position as a frontrunner in the mortgage sector.

Benefits and Advantages:

  • Competitive compensation framework
  • Opportunities for professional and financial advancement through team development
  • Access to professional coaching and mentorship
  • Comprehensive benefits package including a 401K with matching contributions
  • Top performers receive annual invitations to an exclusive Leaders Club retreat
Role Responsibilities

At Summit Funding, we believe in the power of collaboration. We seek to partner with communities, home buyers, referral partners, and our employees, and we invite you to join our esteemed team of Mortgage Loan Officers.

The success of our partnerships is reflected in our consistent ranking as a top 50 national mortgage lender. Our primary goal is to ensure your success. You will benefit from direct access to leadership, expert trainers, coaching, an innovative marketing team, advanced technology, recruitment support, in-house processing, exceptional underwriting, and closing teams, along with additional knowledgeable support staff to facilitate your business growth.

Key Responsibilities of Our Loan Officers:

  • Promoting a culture of collaboration, trust, support, and exceptional service
  • Acting as a subject matter expert on mortgage processes and product offerings
  • Evaluating local mortgage demands and staying informed on real estate market trends, forecasts, and competitive analyses
  • Maintaining a comprehensive understanding of Conventional and Government loan products
  • Building enduring relationships with realtors, homebuilders, and other self-generated referral sources through consistent engagement
  • Originating and finalizing residential home loans

Summit Funding's compensation model allows you to earn based on your performance.

Depending on your experience and location, our Loan Officers may be classified as outside sales exempt employees, earning 100% commissions on originated and closed loans, or as non-exempt employees, receiving minimum wage plus commissions on loans originated and closed. Commission rates vary between 50 to 150 basis points per loan based on position, experience, and location.

Qualifications
  • Currently active Mortgage Loan Originators with a stable employment history
  • Consistently closing at least one residential home loan per month
  • Must hold a current NMLS license
  • Established referral network for sourcing purchase leads

Applicants must be authorized to work in the United States on a full-time basis.

Summit Funding does not sponsor applicants for work visas.

Confidentiality Notice:
All information will be kept confidential in accordance with EEO guidelines.



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