Community Lending Advisor

Overview

Originate first mortgage loans with a concentration on low-moderate income (“LMI”) and Community Reinvestment Act (“CRA”) type transactions to promote the Bank’s Fair Lending activities.

Responsibilities

• Solicit first mortgage loans with special focus on first-time home buyers (“FTHB”).
• Inform prospective loan clients of the institution's underwriting guidelines and applicable government regulations.
• Absorb loan applicants in completing applications and necessary disclosures.
• Complete loan application and pre-processing functions in a timely manner; prepare for review initial disclosure including loan estimates.
• Enter data from new loan applications and other documents into the Bank's operating system.
• Order credit reports and other items as needed.
• Personally answer incoming calls and schedule appointments.
• Provide follow-up on a consistent basis with borrowers and agents to complete processing.
• Communicate complex approvals or denials to the borrower-agents including real estate agents / builders.
• Respond to inquiries from borrowers regarding status of loans in process.
• Complete necessary information such as log entries and business sourcing.
• Distribute Bank approved marketing materials and perform various activities focused on generating both FTHB and LMI loans.
• Actively participate in local FTHB, LMI and CRA development activities as directed by the Bank.
• Ensure regulatory compliance with all relevant real estate and mortgage laws.

Qualifications

• High School diploma or equivalent.
• Minimum 2 – 4 years of experience in related mortgage or similar sales experience or equivalent.
• MS Office proficiency required.
• Thorough working knowledge of real estate documentation, policies, compliance, and procedures.
• Good working relationship with homeownership groups, counselors, and others involved with local communities.
• High level of proficiency with mortgage loan processing and underwriting systems.
• Excellent written and verbal communication skills.
• Excellent customer service skills.

Position Details

$25,000 to $45,000 plus commissions.