Mortgage Loan Officer

What You'll DO

• Meet with loan applicants to discuss viable mortgage options, counsel on credit and budget, develop roadmap and process for mortgage approval and assist with the loan application process.
• Achieve productivity goal as set forth by manager.
• Prequalify loan applicants by examining all borrower information and documentation, assessing creditworthiness, adequacy of income, credit and collateral and calculating repayment risk.
• Determine the maximum purchase price/loan amount based on borrower data.
• Approve or deny real-estate loan applications that do not meet pre-qualification standards and explain reasons for denial.
• Gather and review necessary data to complete the loan review process including credit bureau reports; verifying debts and estimating monthly payments for any outstanding debts not listed on application and ensuring they are added to application.
• Comply with all federal and state mortgage regulations and disclosure requirements.
• Prepare mortgage loan application and documentation for underwriting and closing.
• Ensure that each real-estate loan is processed accurately, troubleshoot any issues that may arise during the processing period, and maintain communication with borrower throughout processing period, as needed.
• Develop mortgage loan business through continual identification, development and maintenance of a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities.

What You'll NEED

• High School Diploma. Bachelor's degree preferred.
• 2 years’ of experience in mortgage, banking or other relevant experience. Experience in consumer lending preferred.
• Ability to represent Self-Help in networking functions and to develop and maintain key realtor and other relations that generate attractive loan/borrower referrals.
• Strong analytical and quantitative skills and ability to independently handle loan applications and assess borrower ability to successful repay loans.
• Ability to consistently follow guidelines for file quality.
• Ability to consistently meet productivity goals.
• Ability to secure and maintain NMLS certification.
• Ability to work collaboratively on team.
• Sensitivity to issues of low-wealth borrowers and a desire to work in a racially and socially diverse organization.
• Strong organization, computer and customer service skills.
• Strong communications skills including strong writing skills and presentation skills.
• Ability to travel and work evenings and weekends as needed.
• Bilingual Spanish/English a plus.
• Proficiency with Word, Excel and PowerPoint.
• Strong commitment to our mission – creating economic opportunity for traditionally underserved communities.
• Preference for working in organizations that place priority on teamwork and collaboration.

Compensation

Compensation range depending on experience and geographical location: MIN $56,770 MID $70,962 MAX $79,584