Wholesale Account Executives - Mortgage Sales

Sales - Wholesale Account Executives - Mortgage

Account Executives for Cherry Creek Mortgage must be a self starters who can develop sales from their book of brokers and can establish new brokers - via phone, face-to-face selling and through mass marketing.

At a minimum an Account Executive must be able to learn program guidelines, quote loan scenarios correctly, establish new broker relationships using a high-trust selling process and most of all achieve sales goals of $3 million / month or more! They must be hungry, self motivated, a star at their existing company, have experience as a wholesale lending AE and fit with our team and company culture.

Our pay plan rewards well above the typical ALT-A lender and is even ahead of several Sub-Prime lenders! We also offer a ramp up pay schedule which rewards top producers to join our company, hit the ground running and earn what they are worth! Further, we pay a per file bonus to cover expenses, which is unlimited!

We have direct from Wall Street ALT-A and Sub Prime products, good pricing, exceptional service and strong underwriting to help you achieve your sales potential!

Here's a few of our product highlights:
100% NOO Stated up to a 4 plex - one of our strongest sellers!
Negative Cash Flowing Properties are accepted
Gift Letters and Cash Out for Reserves are okay
Private party VOR's and no VOR programs available
No Score Programs with 3 Alt-Trades - priced at 620!
100% LTV 1 loan no MI
Scores as low as 500 with interest only!
1 Day out of BK
Foreign Nationals, Non-Permanent Resident Aliens
Condotels, Non-Warrantable Condos, High Rise Condos
NIVA and True No Doc Loans for NOO and O/O properties

Check our website for product, pricing, matrices and forms/procedures - www.cherrycreekwholesale.com

We believe our AE's must fit the company culture and their sales will compliment the growth of our wholesale department. Our Account Executives can sell in 15+ states! We don't cap the number of accounts - we just ask that they produce. Our underwriting, support and every facet of our operation is local. We offer all the structure of a big wholesaler but our AE's matter!

Our candidate must have a "book of accounts" which they have worked successfully and prove their previous success prior to hire.
REQUIREMENTS
Developing and maintaining relationships with mortgage brokers. Responsible for discussing program options, pricing and ensuring the loans fit the matrix guidelines.

Establish new wholesale relationships in ALT-A and Sub Prime products in any of our 15 states.

The AE will determine and review the program, doc type, acceptable income/assets, 1008, 1003 and ensure the submission fits the matrix guidelines to complete a strong pre-qualification with brokers.

Responsible for pipeline management, monitoring of broker approvals, loan approvals, lock expirations and credit/appraisal issues and statuses.

The AE is responsible for keeping all parties involved in the transaction informed of status and if problems arise, communicate with all parties to resolve the problem. Make brokers aware of the necessary steps to facilitate locking their loan. Lock all loans in an acceptable time frame prior to closing and obtain a signed lock agreement form the borrower.

You will work closely with the National Wholesale Sales Manager and will have the opportunity based upon success and the development of a viable program to build a team of JR AE’s working for you.

Company Background:
Cherry Creek Mortgage Company was formed in 1986 in Denver, Colorado and is currently the 3rd largest in Colorado. Cherry Creek Mortgage Company is in the top 100 lenders nationally with almost $2 billion in mortgage production from 23 states. The Wholesale Division specializes in Alt-A and Sub-Prime lending and is focused on making work rewarding for our AE’s, profitable for our clients and timely for their borrowers.

We are growing! We have positions in many states - Arizona, California, Colorado, Utah, New Mexico, Washington, Idaho, Florida and more - call or email for details.