Mortgage Loan Officer

Mortgage Loan Officer

MMB West Mobile Branch - Mobile, AL 36608

Company Overview

Canvas Mortgage, a division of Merchants & Marine Bank, is growing and expanding our mortgage production teams. Canvas Mortgage offers a wide range of mortgage products including conforming, non-conforming and portfolio loans.

Interested loan officers should have an NMLS ID # with 2 years of mortgage banking history and be knowledgeable with criteria and guidelines of FNMA, Freddie Mac, and Ginnie Mae products. Incumbents will be responsible for business development with multiple referral sources including Realtors, Builders, Attorneys, Financial Advisors, bank employees and the public. Canvas Mortgage provides full technical and marketing support for mortgage loan officers.

This position is hybrid remote. Incumbent must be geographically located in the Mobile, AL area.

Why Work for Us

• Medical, Vision and Dental Insurance
• 401-K Plan
• 11 Paid Holidays
• Personal Paid Time Off
• Term Life, AD&D and Disability Insurance
• Tuition Reimbursement
• Fitness Center Reimbursement

Summary

The Mortgage Loan Officer is responsible for originating self-sourced and referred mortgage loans, administration of policies and procedures, reviewing and increasing sales, collaborating with operations, and maintaining compliance while providing excellent customer service.

Essential Duties and Responsibilities

• Develop business by initiating sales calls, follow-up meetings, and responding to referrals in a timely manner.
• Accept loan applications and gather all necessary documentation in order to start the pre-qualification Mortgage process and review financials, credit and property for feasibility of granting loans.
• Provide sales support and strong communication to customers, processors, and management from loan pre-qualification to loan closing.
• Monitor all applications and supporting documentation to avoid and detect customer fraud.
• Work with management to achieve team and division goals.
• Work closely with support staff to ensure efficient processing to include account documentation is complete and accurate, underwriting, and closing of loans.
• Manage and monitor all disclosures to ensure compliance with regulations and mandatory time frames.
• Comply with all applicable federal laws, rules, and regulations relating to Anti-Money Laundering (AML) including the Bank Secrecy Act (BSA).
• Maintain excellent customer relations and the confidentiality of customer information.
• Negotiate terms, structure loan financing based on risk considerations and present credits for approval to appropriate levels of authority with the bank in accordance with bank procedures.
• Complete necessary credit investigations on each loan application as appropriate for keeping credit files current for the duration of the loan.
• Analyze potential loan markets and develop referral networks to locate prospects for loans.
• Build and maintain positive relations with business referral sources, customers, potential customers and co-workers.
• Ability to analyze mortgage clients for additional potential needs of other bank products and services and participate in business development activities.
• Perform all other duties as identified from time to time.

Qualifications

Education/Experience:

• High School diploma or equivalent; and 3-5 years related experience or equivalent.
• Prior mortgage experience is required.

Knowledge, Skills and Abilities:

• Effective interpersonal relationships with customers, management and team members;
• Thorough knowledge of FHA, VA, USDA, Fannie Mae, and Freddie Mac guidelines and standards;
• A thorough understanding and application of all policies, procedures and regulations pertaining to the work of a Retail Mortgage Loan Officer;
• Must demonstrate a thorough knowledge of key lending concepts such as debt/income ratios, LTV percentages, credit scoring, and other underwriting criteria;
• Ability to solve practical problems and interpret a variety of instructions furnished in written, oral or schedule form;
• Ability to work with interest rates, ratios, percentages, excel and graphs;
• Ability to prioritize multiple demands in a high-pressure environment while maintaining professional demeanor and organizational skills;
• Must have the ability to obtain an NMLS number.
• Must pass the background check and not be listed on any watch and/or exclusionary list including but not limited to the GSA, LDP, and FHFA.
• Must be SAFE Mortgage Licensing Act compliant within 30 days of employment in this role and applicable NMLS acceptable background check.
• Excellent customer service skills, attentiveness, and information retention.
• Ability to interact effectively with employees in order to direct work flow, assess performance, and assign duties.
• Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences.

Physical Demands:

• Sit or stand or walk for extended periods
• Able to read small print or complex reports
• Effectively communicate orally
• Manually operate keyboard, mouse and other personal computing devices
• Occasionally lift up to 50 pounds

Direct Reports: None

Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Equal Opportunity Employer: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, protected veteran status, or other characteristics protected under applicable law.