Community Development Mortgage Loan Officer- Saint Paul

Daily Duties

• Advocates in the community to deepen relationships and market the institution’s loan products.
• Reviews borrower requests for pre-qualification and issues pre-qualification letters to customers.
• Reviews loan applications and effectively communicates with potential borrowers to explain lending parameters and identify which loan programs and terms best fit each customer and situation.
• PARTNERS WITH LOCAL HOUSING AUTHORITIES AND FINANCIAL LITERACY PROGRAMS TO HELP PROSPECTIVE APPLICANTS NAVIGATE HOUSING PROGRAMS, LOCATE DOWNPAYMENT AND CLOSING COST ASSISTANCE, AVAILABLE GRANTS, AND MORE.
• WORKS WITH BORROWERS TO SECURE NECESSARY INFORMATION FOR LOAN UNDERWRITING AND CONDUCTS SITE VISITS AS NEEDED.
• PREPARES AND REVIEWS LOAN APPLICATION PACKAGES ACCORDING TO UNDERWRITING POLICIES AND PRESENTS FINANCIAL ANALYSIS TO UNDERWRITING FOR APPROVAL.
• REVIEWS LOAN DOCUMENTS, TITLE, APPRAISAL, AND SURVEY PRIOR TO CLOSING TO ENSURE ACCURACY.
• COLLABORATES WITH BORROWERS, TITLE COMPANY, AND REALTOR TO CONFIRM CONDITIONS OF FUNDING ARE MET PRIOR TO CLOSING AND COORDINATES TIMING OF LOAN FUNDING.
• IDENTIFIES ADDITIONAL UNFILLED BANKING OR INSURANCE NEEDS AND REFERS BORROWERS TO BANK PARTNERS.

Required Skills & Abilities

• Mortgage banking background preferred, but additional training will be provided for the right candidate.
• Experience and connections with local housing programs and agencies is preferred.
• Ability to perform primary responsibilities of position with minimal oversight.
• Adapts easily to system, process, product, and service changes.
• Ability to reason, problem solve, and think critically.
• Demonstrates a high level of integrity, personal diplomacy, and respect.
• Knowledge of federal and state laws and regulations pertaining to the mortgage banking industry.
• Ability to understand and abide by all CorTrust policies, procedures, and applicable federal regulations.

Compensation

A regular, generous base salary in lieu of a typical commission structure. Additionally, we're proud to offer a compensation package that includes a 401k, Employee Stock Ownership Plan, insurance, paid time off, service awards, community service opportunities, and most importantly a stable and secure work environment.