Mortgage Loan Originator

Job Description

Job Description

GENERAL FUNCTION OF MORTGAGE LOAN ORIGINATOR :

Originates and manages a pipeline of secondary market mortgage loan applications and closes an acceptable volume of quality loans.

MAJOR DUTIES AND RESPONSIBILITIES OF MORTGAGE LOAN ORIGINATOR :

• Attracts new mortgage loan applications and retains existing business by developing relationships within builder and / or realtor communities.
• Advises borrowers on loan products by examining application and supporting documentation, and pre-qualifying for credit-worthiness. Provides guidance and information relevant to the risks and benefits of each program the borrower is qualified for; effectively communicate the terms of each product.
• Meets mortgage loan operational standards by implementing and maintaining productivity, quality, customer-service standards and problem resolution.
• Evaluates loan requests, analyzes financial data and determines qualification of collateral and customer credit history.
• Structures loan to comply with acceptable lending practices and Federal regulations.
• Prepares files for underwriting, loan committee, private mortgage insurance company and investor including preparation of loan approval sheet.
• Cross-sells other bank products and services.
• Maintains knowledge and follows all bank policies and procedures related to processing, underwriting, and closing of loans.
• Executes consultative sales strategies to drive exceptional service and create trusted relationships.

JOB QUALIFICATIONS OF MORTGAGE LOAN ORIGINATOR :

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