What should you look for in a mortgage loan originator? Start with these tips to build your team with top talent.
Differentiating your mortgage company’s brand is not only a matter of finding a new angle or filling a niche need within the real estate market. It starts with the people who help you work toward your goals. Hiring a talented team of MLOs is critical in working toward your successes..
But how do you attract the best people for key positions?
To answer this question, you must first take stock of your company and its goals.
What Do You Want Your Company to Represent?
To become more attractive to prospective MLOs, you must be able to answer a couple of questions.
- What do I want my company to stand for?
- What can I do better to support my team?
Answering these questions will help you understand your business better, which will allow you to take stock of what your company has to offer potential employees. You need to understand what you can offer to start putting together an attractive package for new team members.
Be Clear When Communicating Company Culture
Your team needs to understand that your company culture is not some aspirational, unattainable ideal. You can post your company mission and vision statements on every wall in your office, but words only mean so much without action.
Set the example for your existing team.
If you want to foster a culture of success and excellence, you need to make sure that the people you already have on your team are completely on board. Without that support, you can be sure that your message will not translate when you are looking to hire a new mortgage loan originator.
Identify Key Traits and Skills
Do you know what traits and skills an ideal candidate must have to help you create the culture you want? If not, you need to start doing the research and asking the right questions.
In addition to understanding the mortgage loan originator role, do prospective hires show an aptitude for effective communication? Customer service? Are they organized? Can they collaborate effectively? Think of what would help someone interested in your position fit in with your company’s goals.
Clear Obstacles from Your Onboarding Process
You also need to consider the sacrifices that anyone you decide to hire might have to make by taking you up on your job offer. It is not easy to switch jobs, so if there is anything you can do to clear obstacles for your new hires, consider it an investment in retaining them.
When you are a new employee at a company, you have to do open enrollment and fill out tax forms no matter where you go. How will you make it easier for new employees?
Give Every Mortgage Loan Originator You Hire the Right Technology to Help them Succeed
If you want to get the best, you have to provide them with the best tools. Our mortgage loan origination software makes the mortgage application process seamless, which helps MLOs close more and creates more success for your employee and your business.
Are you interested in learning more about how using the wemlo platform can help you attract the top talent in your industry?? Schedule a demo with us today.