Interviews residential mortgage loan applicants, and processes loan applications. Develops mortgage loan business through sales and marketing efforts with referral sources.
- Solicits first mortgage loans. Informs prospective loan clients of the financial institution's underwriting guidelines and applicable government regulations.
- Personally interviews all loan applicants.
- Completes each loan application and all pre-processing functions in a timely manner.
- Screens loan requests based on financial institution policies and on types of loans offered by the institution.
- Researches new legislation and regulations that may affect the financial institution's residential lending policies. Ensures compliance with new rules by advising senior management and implementing appropriate changes.
- Communicates complex approvals or denials to the borrower, real estate agent or builder.
- Distributes market data, rate flyers and general loan information to the real estate community as directed by financial institution management.
- Promotes and participates in the financial institution's special credit programs and other CRA programs.
- Actively participates in local business and community activities and maintains close contact with local builders, real estate brokers and agents, clients and prospects.
- Successfully register on the Federal NMLS Resource Center, use MLO number as identifier in communications and documentations.
- Remain compliant with bank guidelines, policies, procedures, regulatory and BSA requirements.
- Good communication skills, good computer skills, accuracy, flexibility, ability to handle high stress situations, regular and predictable attendance, exercise discretion and good judgment, follow instructions.
- Reasonable accommodation will be provided to qualified individuals with disabilities.
- Other job duties as assigned.
Requirements
- Bachelor's degree in business or finance or commensurate experience in the field.
- One to two years experience in a financial institution or loan office setting.
- Good sales, organizational, managerial and interpersonal skills.
- Good oral and written communication skills.
- Familiarity with basic office equipment.