MORTGAGE CONSULTANT- English and Bilingual Spanish
Location: Dallas, Texas
Description: NACA is at present recruited MORTGAGE CONSULTANT- English and Bilingual Spanish right now, this vacancy will be presented in Texas. More complete informations about this vacancy opportunity please give attention to these descriptions. SALARY RANGE : $45,000 to $65,000 Annual CompensationLOCATION: Dallas, TXBENEFITS: Excellent single / family health and dental PPO, ! 80% employer contribution, 401K & more. NACA OVERVIEW: The Neighborhood Assistance Corporation of America (NACA') (naca.com) is a non-profit community advocacy and housing services organization. Started in 1988, NACA has a tremendous track record of successful advocacy against predatory and discriminatory lenders. Presently, NACA is the largest housing services organization in the country and is rapidly expanding by growing its existing 30+ offices, opening many new offices nationwide, and expanding the services it offers its membership. NACAs confrontational community organizing and unprecedented mortgage program have set the national standard for assisting low and moderate income people achieve the dream of home ownership. Today, NACA has commitments from banks and lenders totaling over $10 Billion for its Best in America ' mortgage program, which allows NACA Members to purchase or refinance homes with no down payment, no closing costs, no fees, no requirement for perfect! credit, and at a below-market interest rate. Everyone gets th! e same incredible terms, including the below-market interest rate, regardless of their credit score or other factors. NACA also provides free comprehensive housing services. NACA counsels Members into the extraordinary NACA mortgage using character based lending criteria that takes each Members circumstances into account to determine whether they are ready for homeownership and what they can afford. This is in contrast to risk based pricing where people are often put into loans they cannot afford with brokers and other making tremendous fees. NACA also provides home renovation assistance and post-purchase services. NACAs Home and Neighborhood Development (HAND') Department addresses repair issues and where appropriate provides rehab assistance throughout the renovation process. NACAs Home Save Department provides comprehensive counseling for Members who are delinquent on their home, including establishing payment agreements and providing financial assistance to help Members! avoid foreclosure. The NACA program is structured through a state-of-the-art mortgage web-based counseling, processing and underwriting software called NACA Lynx'. This is a paperless system that allows for character lending, and loan processing and underwriting to be done on a very large scale. Virtually 100% of NACA Qualified Members are approved and funded. NACA has revolutionized mortgage lending with its mortgage services and advocacy. NACAs organizing department continues the aggressive advocacy against predatory lenders and in fighting for economic justice. NACA is a high-profile organization, having its program and advocacy featured in the national media, including the Wall Street Journal, Prime Time Live, Boston Globe, Washington Post, major news outlets, and local networks nationwide. NACA STAFF PROFILE: NACA staff has a passion for and commitment to community advocacy and the delivery of excellent services to working people. While advocacy campaigns are an impor! tant part of everyones work at NACA, staff spend the majority of their ! time providing comprehensive housing services to low and moderate people and administering NACAs homeownership program. NACA offers tremendous opportunities for job growth and career development. NACA has a strong track record of promoting from within and rewarding hard work. NACA seeks staff with a positive and open attitude, a willingness to work hard, and the determination to achieve NACAs mission. NACA strongly encourages minorities and bilingual people to apply. POSITION SUMMARY: The Mortgage Consultant is responsible for providing comprehensive housing counseling services to NACA Members. The Mortgage Consultant works with Members to assist them through the home buying process to overcome the roadblocks that prevent them from purchasing a home. The Mortgage Consultant provides individual counseling from the initial intake to the mortgage closing, including counseling regarding: credit, budget, mortgage qualification, property search and inspection, mortgage processing! , and closing. The primary responsibility is to have the Member become NACA Qualified (i.e. mortgage ready). Mortgage Consultants make decisions appropriate to the particular Members circumstances, follow-up with problem resolution, and take action to facilitate successful completion of the task(s). The Mortgage Consultant is in fact underwriting the mortgage based on NACAs character lending criteria and must make individualized judgments about a Members particular circumstances. The services performed by the Mortgage Consultant are a key component of NACAs business, and of crucial importance to the organization and must administer the program to ensure the success of NACA and the continuous commitment of the funding sources. In the discharge of these duties, the Mortgage Consultant must accomplish the following on a day-to-day basis: • Counsel and address Members credit and budget issues. • Qualify Members for home ownership based on their unique financial and personal! circumstances and needs. • Determine the maximum purchase price they! can afford based on their unique financial and personal circumstances and needs. • Assist Members during the housing search and home purchase. • Originate the mortgage. • Follow-up with Member on a regular basis. • Coordinate with NACAs Underwriting Department. • Work with the NACAs HAND Department on property repair and contractor issues. • Obtain documents needed for qualifications, underwriting, and closings. • Maintain Member information in the computer system and files. • Participate in presenting homebuyer and home ownership workshops. • Coordinate rehab and home improvement programs. • Assist in outreach focused on low/moderate income communities, churches and job sites. • Assist in advocacy campaigns. • Other duties as assigned. COMPENSATION: NACA is the only job in the mortgage industry that allows you to provide low and moderate income borrowers with an incredible mortgage and make considerable income without engaging in abusive sub-prime ! market lending practices. The compensation at NACA is based on the NACA Results Compensation Program- NRCP.' A complete description of the commission-based NRCP, together with a job description, can be found on the NACA website. The NRCP is very different from other commission-based plans used by for-profit mortgage brokers and lenders because: 1. NACA offers one single product to its Members, which is the Best Mortgage in America , with no down payment, no closing costs, no fees, and a below-market interest rate. NACA provides the lowest fixed interest rate for all mortgage applicants whether a prime or sub-prime borrower; 2. Compensation is paid at a fixed amount, regardless of the loan amount or any other terms. Thus, NACA Mortgage Consultants do not have to pit their own interests against those of the borrower since they do not have to charge front-end and back-end points (i.e. yield spreads) to earn or increase their commission; 3. NACA Mortgage Consultants are not req! uired to independently generate leads on a regular basis since NACA dev! elops leads through workshops and other means, and the interest in the NACA Mortgage and active participation already exists and is growing. NACA has huge numbers of people accessing its program. These participants are extremely good leads that could not be generated through traditional sources; 4. Mortgage Consultants counsel borrowers in the office and focus on getting them NACA Qualified; 6. NACA Qualification is a character-based lending' and not a risk-based pricing. NACA approves Members based on their overall circumstances and not on rigid criteria; 7. NACA Mortgage Consultants have at their disposal a state-of-the-art computer hardware and software system (NACA Lynx'), which makes for a fast, efficient and paperless mortgage qualification, processing and underwriting process; 8. A NACA Mortgage Consultant is expected to close five to ten per month and earn $45,000 to $65,000+. This job description is solely for descriptive purposes and the responsibilities may chang! e. This job description does not constitute a contract for employment.
JOB REQUIREMENTS: A. EDUCATION: • Bachelors degree preferred • Mortgage and/or real estate courses are helpful B. EXPERIENCE: • Mortgage brokerage, origination, processing and/or counseling C. SKILLS: • Strong customer services skills • Detail oriented and well-organized • Problem-solving abilities • Must be able to work under pressure • Energy and enthusiasm for the mission of community advocacy and organizing • Ability to work independently with only general supervision • Ability to speak languages other than English a plus D. TYPICAL DEMANDS: • Must be able to meet the demands of the job that consists of approximately 45 to 50 hours a week: TYPICAL WORK WEEK IS FROM THURSDAY THROUGH MONDAY--WITH AN OCCASIONAL WEDNESDAY Typical workday is 8:30 a.m. to 6:30 p.m. Two weekends every month for Home Buyer Workshops of five hours Other time as needed Advocacy and actions may ! be required outside the office.
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If you were eligible t! o this vacancy, please give us your resume, with salary requirements and a resume to NACA.
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This vacancy will be started on: Wed, 20 Mar 2013 11:22:27 GMT
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