Careers

Did You Know?

What is Private Mortgage Insurance (PMI)?

Mortgage insurance protects the lender against loss in the event that the borrower defaults. The borrower pays the premium, but the lender receives the protection. Private mortgage insurance (PMI) is extra insurance that lenders require from most homebuyers who obtain loans that are more than 80% LTV of their new home's value. In other words, buyers with less than a 20% down payment are normally required to pay for private mortgage insurance.

PMI, used in protecting a lender against loss if a borrower defaults on a loan, in effect helps borrowers by enabling those with less cash to have greater access to homeownership. With this type of insurance, it is possible for you to buy a home with as little as a 3 percent to 5 percent down payment.

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Available Positions

We are currently interested in adding an experienced mortgage loan underwriter to our staff.  If you have experience in Mortgage Loan Underwriting (minimum of 2 years) and are interested in joining a growing, independently owned organization, please complete the form below and attach your resume for consideration.  
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Careers

 

American Mortgage Service Company is a family-oriented, independent mortgage banker that has provided thousands of home loans since our beginnings in1975.  We originate, underwrite, fund and close FHA 203(b) and 203(k), USDA, VA and conventional loans throughout Ohio, Indiana, Kentucky and Tennessee.  Specializing in purchase transactions, we are a consistent leader with state bond, DAP and MCC programs.

We are truly big enough yet small enough, with resources and technology comparable to larger companies but maintaining our small company feel.  Our people are our most important asset and we don’t micromanage them.  We’re not “corporate”.  Our originators have control of their business with web-based LOS and pricing, access to our in-house underwriters, a paperless internal process, continuous training and support, automated marketing and personal, individual web pages with on-line application functionality.

We provide our clients products to fit their needs with very competitive terms and we close loans on time.  We provide our originators a highly competitive compensation plan and a full benefits package for all of our full time employees.

American Mortgage Service Company continues to grow during some of the most challenging times in mortgage lending history.  We are always looking for great talent to add to our teams in Ohio, Indiana, Kentucky and Tennessee, and also to expand into new areas with the right people.  We welcome you to contact us to explore opportunities to join our team and be a part of something special.

  • Highly competitive compensation
  • Consistently competitive pricing
  • In-house underwriting and processing
  • Technology, training and support
  • Medical, Dental and Vision insurance and 401(k) available
  • Company-paid Life and Long-Term Disability insurance
  • Annual company paid award trip for producers
  • Commitment to teamwork and customer service