What you can expect as a Non-QM Loan Officer

• ByAHL Funding Press

Table of Contents

What you can expect as a non-qm loan officer(guide)

Anyone who has spent some time in the real estate market knows that there is a lot of jargon to understand. Even experienced Loan Officers might become overwhelmed by complex lingo with the likes of appraisal contingency and coded listing language. Fortunately for you, we have your back!

The pandemic had a massive effect on the mortgage industry. Non-QM financing programs for creditworthy homeowners who do not fulfill current Qualified Mortgage standards are critical to the long-term growth of the US housing industry, which is currently headed toward stagnation.

These loans are designed specifically to assist qualified self-employed individuals, immigrants, foreign nationals, and others with difficult-to-document income in obtaining the mortgage loans they require and deserve, whether they are first-time homebuyers or looking to refinance an existing mortgage. But we will digress and come to the topic at hand.

What You Should Expect

As a Senior Loan Officer offering non-QM loans, you must generate your own leads through your referrals from realtors, builders, financial advisors, and other resources. This should not be too difficult since you can reach back to prospects that could not access qualified mortgages but check the requirements for a non-QM deal. You are responsible for educating clients, pitching non-qualified loans to build the mortgage portfolio, and giving appropriate disclosures while aggressively advertising your firm’s goods.

Non-QM loans can make it possible for non-traditional income earners to qualify for mortgage loans.

Who You Should Be

Be an adaptive loan officer who empowers customers financially while embracing their diverse circumstances. By striving to disrupt the system for financial empowerment, you can make a mark yourself, stand in the face of big banks, and demonstrate there is a better and more equitable way to put the customer first. Focus on truly understanding and serving the underdogs, entrepreneurs, gig-economy workers, immigrants, and more with a curated banking experience as opposed to a one-size-fits-all banking approach.

Your Primary Responsibilities Include:

Go the extra mile for your customers: Aim to provide world-class customer service

Increase revenue by providing excellent service: Increase revenue and referrals by providing a great client experience

Create a business book: Seek out ways to create and deepen client connections in order to help the firm succeed

Increase your personal productivity by: Desire to enhance personal productivity by paying attention to detail, being self-motivated, and being adaptable in order to reach the branch and personal objectives

Develop your own abilities: Participate actively in chances to broaden your knowledge, influence, and interpersonal abilities

What You Must Live By

Bound by a sense of collaborative devotion and excellence in all parts of your dealings, you must guarantee that each loan satisfies the demands of the potential borrower as well as quality and marketability criteria. Consult with prospective borrowers and examine their financial status in order to deliver the best loan package for each customer. Build rapport and utilize existing relationships with networks and potential borrowers in order to assist clients in achieving their home finance objectives.

How Can I Apply As A Non-Qm Broker?

If a non-QM loan sounds like the right option to broaden your portfolio, AHL Funding has a number of unique options to get you started on your NON-QM journey. You will be assigned an Account Executive for a smooth approval process. Your Account Executive will also conduct a welcome call. Together, you and your AE will review the AHL Funding loan submission procedures.

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