Entry Level Loan Officer

Summary

Join Summit Funding, a top 50 national mortgage lender, and launch your career as an Entry Level Loan Officer! Loan Officers can earn $150,000-$500,000 per year. This entry-level position offers an hourly wage of $20.19 plus bonuses, transitioning to a minimum wage plus commission structure as a Senior Loan Officer. The company provides top-tier support, including appointment setters and a full-time marketing team. This is a fully remote opportunity, but applicants must reside in and be authorized to work in the United States. Summit Funding does not sponsor work visas and is not currently licensed to operate in New York.

Requirements

• Loan Officer University Graduate
• Must be currently licensed with NMLS
• This position is being offered as a fully remote opportunity however applicants must reside in, and be currently authorized to work in the United States on a full-time basis to be eligible for hire
• Summit Funding currently does not sponsor applicants for work visas
• Summit Funding is not currently licensed and/or able to originate in the state of New York

Responsibilities

• Fostering a culture of collaboration, trust, support, and best-in-class service
• Originating and closing residential home loans and serving as subject matter expert on the mortgage process
• Developing long-term relationships with realtors, homebuilders, and other self-generated purchase-focused referral sources through daily, weekly, and monthly touches

Benefits

• Compensation for candidates who are hired on as entry level Loan Officers will receive an hourly wage of $20.19/hr plus a bonus for each loan closed until promoted to Sr Loan Officer
• Sr Loan Officer compensation is minimum wage plus full commissions on loans closed
• The commission rate ranges between 50 to 150 basis points per loan depending on position, experience, and location