Mortgage Loan Consultant

First State Bank – Job Description

Job Title : Mortgage Loan Consultant Status Exempt

Department : Residential Lending

Reports To : Residential Lending

Primary Purpose of the JOB :

This is a commission-based position to solicit, service, and arrange for a wide variety of mortgage, real estate, and construction loans. The principal responsibility of the commissioned lender is to meet with the customer to determine the best product and terms that will ensure success in the mortgage approval process. Decisions regarding documentation required for approval, fees and terms must be clearly communicated and the customer must leave the application process with proper disclosures and a thorough understanding of the steps that will ensue toward that end. S / he will communicate an outgoing and friendly professional demeanor not only to customers but to staff as well.

Essential DUTIES :

Originates services and arranges for a wide variety of mortgage, real-estate and construction loans

Develops new business through contacts with realtors, builders, and branch referrals.

Customarily and regularly engages in obtaining business outside of the office

Participates in related business development community activities in the assigned market

System development, which includes the day-to-day knowledge and application of mortgage software including all applicable regulatory documents

Maintain knowledge of the various loan products and of processing the loan

Maintain knowledge of policies and regulations in the mortgage lending field

Comply with SAFE Act requirements

Create and maintain a courteous and professional relationship with co-workers while maintaining timely and prompt daily attendance

Other DUTIES :

Other duties as assigned

Required Experience / SKILLS :

Two years job related experience

Valid National Mortgage Licensing number

Customer service experience

Must have a valid Michigan Driver’s License with a good driving record

Strong oral and written communication skills

Ability to handle various tasks simultaneously

Negotiating, networking and supervisory skills

Ability to work independently

Required EDUCATION :

High School Diploma or GED

Required CERTIFICATION :

Mortgage Loan Consultants coming to First State Bank from a previous position with an independent broker office must be fully registered and approved with the office of financial and insurance regulation with the State of Michigan. New lenders must be able to obtain a registration through fingerprinting and criminal background check in accordance with the office of financial and insurance regulation with the State of Michigan.

Working CONDITIONS :

Office environment with little exposure to physical hazards or conditions

Occasional same day travel between branches using personal vehicle.

Ability to attend various bank functions, after hours

Ability to enter data into a computer and work with computer programs : Microsoft Word and Excel

Ability to stand and / or sit for long periods of time

Ability to reach with hands and fingers, touching computer buttons / adding machine buttons for extended periods of time

Employees are expected to comply with all laws, regulations, bank policies and procedures, including specifically First State Bank’s Bank Secrecy Act and Anti-Money Laundering Policy and procedures, and its Customer Identification Program. Failure to comply with either the letter and / or spirit of these laws may result in disciplinary action, up to an including termination.

This job description does not list all the duties of the job. Supervisors or managers may ask you to perform other instructions and duties. You will be evaluated in part based on your performance of the tasks listed in this job description.

Management has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.