Commercial Loan Clerk jobs in Maryland

Founded in 2003, we have a long track record of success and stability.

(Income: Commission based)

We pay high commission levels to our quality, self-sustaining and self-generating Originators. Many of our MLO’s have received a variety of Top Mortgage Professional awards.

We also have competitive commission levels for non-experienced MLO’s who exhibit the qualities and commitment that we seek. During our company history, we have brought on board, professionals who were previously in-experienced in our industry, trained & supported them till they became established as successful MLO’s…some of them went on to be promoted into management and leading their own teams & branches.

Why join:

• High commission with extremely competitive interest rates/pricing; and aggressive & discounted pricing, enabling you to capture more of the market, & retain plus grow your client base.
• Ability to build teams and receive long term residual income.
• Ability to structure transactions with no lender fees to your clients.
• Fast turn times, our average file is clear to close in 15 calendar days or less.
• Multi State Licensing.
• Complete on boarding training, online and in person including paid hotel and air fare for Success Track Training.
• Support forums & management support to get your questions answered.
• Weekly webinars on various sales and training topics.
• Semi-Monthly pay schedule.
• Training for Commercial Financing with Financing Amount limits of <$1M-$100M.

Who works well in this model:

• Seasoned professionals who already have referral sources established.
• Non-experienced professionals with specific professional strengths interested in our industry as a career.
• MLO’s switching from other lenders/brokers/correspondents who do not receive volume incentives or Key Account perks, volume always wins.
• MLO’s switching from retail and correspondent who no longer enjoy losing their clients due to not being able to compete with lower interest rates and fees (substantially lower pricing compared to most of our competitors).
• MLO’s switching from retail and correspondent who realize that since they self-generate their own business, they deserve high commission rates to thrive in our industry.
• MLO’s who no longer wish to attend training sessions from Regional and Branch Managers who try to convince them that interest rates don’t matter, and service is all that counts (even though the underwriting turn times may be often 5 times longer than their competitors such as us).
• MLO’s who now realize that short turnaround times translate into income growth, client base growth, referral sources growth. How about 3 day submit to clear to close as per one of our recent files?
• MLO’s who are interested in being trained & made productive in Commercial Financing...by a company who has the experience needed...a very lucrative market with typical finance amounts that are substantially higher than the Residential market & some Programs that produce residual income.

Marketing and Tools:

• Personal Websites, 2 different options for online applications.
• Mobile App with a number of convenience, efficiency, productive features.
• Brand 360 – full marketing and client relationship experience.
• Brand Builder – create completely customizable marketing materials.
• Client Connect – completely automate your borrower communications.
• Connect – on demand support & community.
• Marketing Calendar- schedule social media posts up to 30 days in advance.
• Follow up tools to stay connected with your closed clients.
• Discounted Continuing Education.
• Client Loyalty Incentives.
• We help develop a marketing plan specific to each one of our MLO's; & implement tools & campaigns that generate volumes of good quality leads in low or high interest rates environments...Currently even in the present increased interest rate environment: Purchase, Cashout Refinance, Non-QM, Realtor Relationship leads plus other categories, that are being processed & closed with a good app to close ratio.

Products and Programs

• DU and LP with one click, pick the one that’s best for your scenario.
• Elite and Discounted Mortgage Insurance.
• All Fannie, Freddie, FHA, VA, USDA, Reverse and HELOC’s on the market.
• Niche and Non-QM Programs.
• Competitive Jumbo.
• Residential Programs finance amount limits: $75,000 to $5,000,000.00.
• Commercial Real Estate & Non-Real Estate Financing Programs (SBA & Non-SBA).
• Commercial Programs finance amount limits: $250,000 to $100,000,000.00.

Processing Support

For various programs, multiple processors per each file who are just as motivated to get a clear to close as you are.

Job Types: Full-time, Part-time, Contract

Pay: $1,000.00 - $643,419.43 per year

Benefits:

• Flexible schedule
• Health insurance
• Professional development assistance
• Referral program
• Vision insurance

Compensation package:

• Bonus opportunities
• Commission pay

Work setting:

• Hybrid work
• Office

Experience:

• Fair Housing regulations: 1 year (Preferred)
• Loan origination: 1 year (Preferred)
• Sales: 1 year (Preferred)

Work Location: Hybrid remote in Silver Spring, MD