Mortgage Loan Officer- Virginia Beach

About the Role

The Mortgage Loan Officer (MLO) proactively solicits new residential mortgage business and identifies, develops, and maintains a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities.

Responsibilities

• Assist clients in determining the proper loan program.
• Complete mortgage applications for submission to loan processing and underwriting.
• Provide required initial disclosures within the given time frame set by compliance.
• Establish a detailed marketing/business plan including names of potential and existing loan customers, realtors, builders, and developers, with frequency of contact.
• Promote and cross-sell other products and services as appropriate to client requirements.
• Conduct networking activities such as community events, attending local Chambers of Commerce meetings, developing relationships with centers of influence, and entertaining clients/prospects to enhance relationships and create new sales.
• Evaluate loan requests, analyze financial data, and determine qualification of collateral and client credit history.
• Structure loans to comply with acceptable lending practices and federal and state regulations.
• Maintain contact with the client throughout the loan process.
• Ensure familiarity with all compliance regulations and policies applicable to this position and ensure compliance with these regulations and policies.

Requirements

• High school diploma or equivalent; bachelor’s degree preferred.
• Two (2) years of mortgage lending experience with proven mortgage production.
• Previous experience using automated underwriting technology preferred.
• Basic knowledge of bank operations and products.
• FHA/VA experience required.
• Knowledge of federal and state regulations regarding lending and related consumer disclosure requirements.
• Excellent knowledge of agency guidelines.
• Effective oral, written, and interpersonal communication skills with the ability to carry out instructions, understand procedures, and write correspondence.
• Proficient in Microsoft Outlook, Word, and Excel.
• Excellent customer service and time management skills.
• Ability to multitask, as shown in previous experience completing tasks under time constraints.
• Good organizational skills and ability to develop a basic understanding of underwriting guidelines.
• Good data entry/keyboarding and math skills.

Physical Requirements and Environmental Conditions

• Sustained standing and sitting.
• Frequent use of PC, including typing or sustained attention to monitor.
• Frequent typing using a keyboard and/or calculator.
• Occasional lifting of basic office files or equipment up to 20 lbs.
• Normal office environment with comfortable internal temperatures and low-level noise.

All employees meeting the definition of MLO must be registered with the Nationwide Mortgage Licensing System & Registry (NMLS).