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Posted: Thursday, March 1, 2018 1:25 PM

Job Description
We are Firstline Home Loans, a Mortgage Bank and Mortgage Broker based in Newport Beach. We are recruiting for experienced Mortgage Loan Officers, we pay 100 commissions, and all MLOs are independent contractors (please note: this MLO position is commission only). An MLO picks whatever compensation level he/she wants (up to a maximum of 1.75), and we pay 100 of that amount. For example, if your comp plan is 1.50 and you close a loan for 400,000, the commission check you will receive will be for 6,000 (less any outstanding uncollected credit report, appraisal or other 3rd:party fees). Commissions are paid within one business day after receiving payments from wholesale lenders (for brokered loans) or payments to our warehouse line (for banked loans).
In addition to 100 compensation, we have aggressive and successful company marketing programs geared to the non:QM borrowing demographic. If interested, MLOs may choose to participate in these marketing activities, or there are even some leads we can make available to MLOs, if desired, at NO COST. In addition, Firstline provides all MLOs with Calyx Point, the ability for borrowers to generate applications online, and a personal webpage, all with no monthly licensing fees.
We are a direct lender with several of the major correspondent lenders and our extremely low margins assure the most competitive pricing possible. Furthermore, in addition to our relationships with major and aggressive A:paper correspondent lenders, our agreements with wholesale lenders targeting non:QM borrowers and government loans allow us the capabilities to do stated and no:income loans (including primary residences), FHA and VA loans down to 500 FICO scores, conventional purchases with 1 down payment, 100 FHA and 105 conventional purchases, bank statement loans, and other outside:the:box loan programs.
Minimum Qualifications:
* Bureau of Real Estate salesperson or broker license
* NMLS accreditation
* 1+ years mortgage industry experience originating your own loans
* Knowledge of FNMA and FHLMC guidelines
* Knowledge of Calyx Point preferable, with experience using Microsoft Office desirable
* Knowledge of mortgage loan origination, processing and compliance requirements
* Experience and understanding of all aspects of loan origination
* Developed verbal and written communication skills
Company Description
Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
We offer a variety of loan programs including the following highlights:
USDA 100 Purchase and cash:out
FHA 100 Purchase financing with down payment assistance
Conventional Purchase with 1 down and no mortgage insurance
Reverse Mortgage (HECM)
500+ credit scores for FHA and VA
Cash Out refinance available with recent mortgage late payments
Commercial Loan Programs
Investor Cashflow loans with no income qualifying


• Location: Los Angeles

• Post ID: 164277432 losangeles is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018