Residential Loan Professional

1 day ago


Minneapolis, Minnesota, United States Summit Mortgage Corporation Full time

We are seeking a highly skilled Residential Loan Professional to join our team at Summit Mortgage Corporation.

**About the Role:**

  • This position is responsible for developing loan applications by evaluating applicant information and documentation, developing relationships within the community, and producing high-quality loans while providing excellent customer service.

Key Responsibilities:

  • Develop lending relationships with Realtors, builders, developers, and other sources of loan referrals to generate loan volume within the market area
  • Meet with potential customers in the office, their homes, or other locations
  • Engage in marketing and promotional activities to increase prospects
  • Obtain required documentation from prospective borrowers
  • Lock loan terms with the end investor when the prospective borrower agrees on the loan product and terms
  • Maintain regular contact with the prospective borrower between application, closing, and final sale to the investor to apprise the prospective borrower of the status of the application and gather any additional information as needed; attend loan closings
  • Comply with mortgage procedures by maintaining accurate mortgage records and following Summit Mortgage, regulatory, and investor guidelines
  • Stay abreast of trends and developments in the local real estate market and the competitive environment, as well as new rules and regulations pertaining to both private- and government-insured mortgages

What We Offer:

  • An estimated salary of $65,000 - $105,000 per year, depending on experience, plus commissions
  • A competitive benefits package, including health, dental, vision, life, and 401k options
  • The opportunity to work with a dynamic team and contribute to the success of our company


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