100%Remote+hire train Work From Home 1099 mortgage loan originators

100%Remote+hire train Work From Home 1099 mortgage loan originators

US Mortgage Lenders LLC is hiring remote Loan Originators with a proven track record of honesty and integrity. We are a highly established mortgage company seeking self-sufficient loan originators to offer unique loan programs and specialized services. We respect our loan originator’s independence and encourage them to work remotely while giving them access to our 100+ lender’s systems and processes and daily Zoom meetings. We pay the highest commissions in the field of mortgage lenders while still offering the most competitive rates options.

ADVANTAGES TO WORKING WITH US MORTGAGE LENDERS LLC

Highest Compensation structure in the industry.

100+ Wholesale Lenders FHA, VA, Conv, NON-QM, Niche Lenders providing specialty loan options.

Daily Zoom Training and Networking calls.

LOS – Loan Origination System Provided with no additional fees or choose your own.

Work Remotely, Process, Submit close your own loans, or hire a processor.

Full control of your files, call underwriter account reps directly.

Pick Your Own LOS loan origination software.

Pull Your Own Credit Reports.

Par Rates from All the Top Wholesale Lenders.

Credit score approvals down to 500.

Same-day underwriting approvals.

Discount Mortgage Insurance Premiums.

Healthcare and Lead Program Discounts.

Newly Licensed Loan Officer Training.

Debt-to-income ratio requirements by loan program

The most common type of loan for home buyers is a conforming mortgage backed by Fannie Mae or Freddie Mac, also known as a conventional loan. To qualify for a conforming loan, most lenders require a DTI of 43% or lower. So ideally you want to keep yours below that mark. (This is sometimes known as the “43% rule.”)

DTI rules are generally more flexible with an FHA loan than with a conforming loan. But they tend to be stricter when using a VA loan, USDA mortgage, or jumbo loan.

What is a good debt-to-income ratio?

There’s actually a wide range of “good” debt-to-income ratios. Different mortgage programs have different DTI requirements. And lenders get to set their own maximums, too.

As a rule of thumb, you want to aim for a debt-to-income ratio of around 36% or less, but no higher than 43%. Here’s how lenders typically view DTI:

36% DTI or lower: Excellent

43% DTI: Good

45% DTI: Acceptable (depending on mortgage type and lender)

50% DTI: Absolute maximum*