Mortgage Loan Originator

About the role

The Mortgage Loan Originator is responsible for originating first mortgage loans and developing new mortgage business through established referral sources and marketing efforts to increase the Bank’s presence and competitiveness within its target market. Provides friendly, quality client service and treats clients with respect and dignity, either in person or on the phone.

Core Responsibilities

• Develops, fosters, and maintains relations with investors, homebuilders, real estate professionals, market representatives, and other business development contacts to provide strong sources for loan production.
• Assists in formalizing and implementing sales strategies and marketing approaches.
• Solicits first mortgage loans and informs prospective loan clients of the Bank's underwriting guidelines and government regulations.
• Monitors marketplace and organization sales performance.
• Interviews loan applicants, gathers and analyzes relevant financial information, and evaluates loan requests in accordance with Bank policy and lending guidelines.
• Completes loan application and all pre-processing functions in a timely manner to ensure good faith estimate is mailed within the three-business-day period.
• Maintains and monitors pipeline reports to ensure volume and quality are consistent with Bank's goals and objectives, policies, and procedures.
• Researches new legislation and regulations that may affect the Bank's lending policy.
• Develops and maintains a diverse referral base by establishing an existing and active referral network.
• Has access to confidential information about clients and accounts. Protects the privacy and confidentiality of clients, other team members, and work.

General Responsibilities

• Performs other bank-related duties as assigned by supervisor.
• Understands and complies with banking regulations by following bank policies and procedures. Stays abreast of relevant regulations, current industry matters, and any changes implemented internally to ensure compliance.

Requirements

Required Education & Experience

• Bachelor's degree; major in business or finance preferred.
• 3–5 years of residential mortgage loan officer experience required.
• Must have a strong understanding of underwriting criteria, residential market guidelines, and the ability to work independently.
• This position requires the team member to register as a mortgage loan originator with the Nationwide Mortgage Licensing System and Registry (“Registry”) and to obtain a unique identifier from the Registry before engaging in mortgage loan originator activities, to maintain and renew the registration on an annual basis, and to update registration information with the Registry on a timely basis, and to provide that unique identifier to consumers as required by applicable SAFE Act regulations and the Bank's policies and procedures.

Additional Qualifications

• Ability to exhibit our values: Think Big, Be People-Centered, Enable Great Things, and Bring Your Best.
• Working knowledge of loan documents and previous experience in servicing real estate loans.
• Ability to operate basic office machines including calculator, copy, and fax machines. Computer experience is essential; knowledge of Microsoft Word and Excel is preferred.
• Must demonstrate excellent organizational, verbal and written communication, and problem-solving skills.

Benefits

• Competitive compensation plus bonus opportunity.
• Generous 401(k) match and discretionary profit sharing.
• Health, dental, and vision insurance with a wellness program designed to help drive down premiums for benefits-eligible team members.
• Generous PTO bank including 11 paid observed holidays, 100% paid parental leave, sabbatical leave, bereavement, and an employee assistance program.
• Tuition reimbursement and access to formal and informal training, on-the-job training, and development programs available in-person and online.
• Paid volunteer time off to support community involvement.
• Peer-nominated recognition program celebrating team members who exemplify Bank Iowa’s values.