Mortgage Loan Officer

Job Type

Full-time

Description

Summary

The position of Mortgage Loan Officer is responsible for originating mortgage loans - both in-house and secondary market products. This could include aspects of underwriting and processing those originated mortgages.

Essential Duties :

• Ensures all loans are closed and processed efficiently and accurately.
• Ensures the preparation and processing of forms and legal documents required for residential loans.
• Reviews and determines acceptability of loan documents received by retail and wholesale loan officers.
• Interview applicants to develop information concerning their needs, desires, and earnings to assist in determining whether the loan will be an acceptable risk; obtains and analyzes pertinent financial and credit data.
• Appraises or arranges for the appraisal of residential properties.
• Arranges for or conducts title searches and obtains necessary documents.
• Approves or rejects loans, referring larger loans to senior officers or a loan committee.
• Follows current loans to ensure compliance with terms.
• Expected to call on realtors, builders, financial professionals, internal bank resources, past customers, nontraditional, and all other referral sources to promote and sustain new business.
• Reviews current operating procedures against market trends and conditions and recommends changes as necessary.
• Negotiates terms and conditions with mortgagors including pricing, amortization, fees, funding source, etc. Knowledegable of all funding sources offered and supported by thte bank's mortgage group.
• Keeps informed on trends and development in the local real estate market as well as the changes in rules and regulations pertaining to both private and government insured mortgages.
• Participates in tasks, projects, or assignments as may be directed by senior management.
• Maintain up-to-date knowledge of underwriting and government regulations.
• Provides quality service to customers and prospective customers seeking residential mortgage loans. Provides supervision and support to all areas of the department and other areas of responsibility where service or assistance is needed; oversees activities of department personnel; opens and closes the department.
• Maintains advanced knowledge and awareness of financial industry status and trends.
• Meets or exceeds established volume levels and associated fee income which contributes to the overall financial performance of the Bank.
• Actively upholds the organization's vision, mission and values, encompassing mutual respect, honoring commitments, working with integrity and accepting responsibility for own actions.
• Demonstrates knowledge of and adherence to EEO policy, shows respect and sensitivity for cultural differences, promotes working environment free of harassment of any type.
• Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.
• Has a strong commitment and dedication to internal and external customer service.

Requirements

Qualifications :

Employee Benefits :

In addition to competitive pay, we offer Paid Time Off, 401(k), an Employee Assistance Program, and on the job training opportunities. Full-time and part-time associates are offered a comprehensive benefit package including medical, dental, vision and more!

We are an equal employment opportunity employer. The Company's policy is not to discriminate against any applicant or employee based on race, color, sex, sexual orientation, gender identity, religion, national origin, age (40 and over), disability, veteran or uniformed service-member status, genetic information, or any other basis protected by applicable federal, state, or local laws.

Salary Description

$48,000 - $54,000 base + commission