Job Description
Pay Transparency:
Base plus commission. Base Salary Range: $16.31/hr. through $24.46/hr. Commission range is $30,000/yr. through $80,000/yr. depending on sales performance.
Salaries vary based on factors such as location, internal equity, skills, experience, education, and qualifications for the role.
Total compensation package varies based on position and may include bonuses, performance-based incentives, commission, and/or discretionary bonuses.
POSITION SUMMARY
Responsible for developing new business, structuring and closing real estate loans, as well as maintaining member relationships.
ESSENTIAL DUTIES AND RESPONSIBILITIES
• Interviews members applying for real estate loans and/or requesting refinancing or rewrites of existing real estate loans and recommends approvals for loans.
• Performs loan closings with members, ensuring invoices are paid and collected from the borrower, all paperwork is properly completed and complies with legal regulations and Magnifi Financial policies.
• Builds positive relationships with members, real estate agents, builders and other business professionals to develop ongoing referral business.
• Works closely with management to identify opportunities to secure qualified loans.
• Recommends, sells, and educates members about Magnifi Financial products and services.
• Expands member relationships through follow-up activities to include outbound calls and prospecting membership for mortgages.
• Makes referrals to appropriate departments.
• Performs collections on problem real estate loans.
• Actively participates in community relations efforts to contribute to the mission and visibility of Magnifi Financial. Visibility and a positive image in the field of membership and with current and prospective members.
EDUCATION AND EXPERIENCE
• Associate’s degree in Credit and Finance plus two years residential mortgage lending experience; or equivalent knowledge and skills gained through a minimum of four years related work experience.
BENEFITS
We are committed to investing in our team! Magnifi Financial offers benefits that help everyone achieve their full potential. Full-time employees are eligible for the following benefits (benefits with an asterisk are also available to eligible part-time positions):
Opportunities for Training and Development *
Leadership Development *
Job Level Advancement (ability to move up in your position through training and development) *
Tuition Reimbursement *
32 Hours Volunteer Paid Time Off *
Paid Time Off - starting at 4 weeks per year for FT; prorated for PT *
Medical
Dental
Vision
Employer paid Life Insurance/AD&D
Employer paid Disability Insurance
Retirement Plan - Employer match up to 4%, eligible for annual profit sharing *
Paid Parental Leave
Bonus/Incentive Program
Health and Wellness Programs *
Who We Are:
At Magnifi Financial, we offer a collaborative, friendly environment where we support our employee's growth and development, and create a positive work atmosphere. As a member-owned organization, we are focused on making dreams come true for our members. Our vision is enhancing the lives of members and community through strength, service and growth.
Magnifi Financial has grown to more than 85,000 members, $2.4 billion in assets, over 400 employees, and over 25 branch locations throughout Minnesota. But what hasn’t changed is our focus on the members and communities we serve.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Pay: $16.31 - $24.46 per hour
Compensation Package:
* Commission pay
Work Location: In person
Job Tags
Hourly pay, Base plus commission, Full time, Part time, Work experience placement,