Mortgage Loan Originator

About the Role

The Mortgage Loan Originator solicits residential first mortgages through contacts with Realtors, builders, and developers. Interview loan applicants and make credit decisions. The MLO is responsible for handling referrals and developing referral contacts within the bank region.

Responsibilities

• Work with assigned branch office to ensure awareness of home loan products.
• Handle referrals from branch office and provide appropriate follow-up.
• Develop referral contacts (realtors, builders, professional and personal contacts).
• Analyze financial data to determine creditworthiness.
• Maintain knowledge of available loan products, processing procedures, and underwriting guidelines.
• Take borrower applications.
• Utilize communication and access of daily rates, credit reports, and DU responses and transmit to processor.
• Collect appropriate documentation from each applicant and deliver loan package to processor in a timely manner.
• Maintain high levels of customer service while managing each applicant's and support staff's expectations.
• Attend and participate in all lending meetings as required.
• Complete BSA/AML training and other compliance training as necessary.
• Perform any other related duties as required or assigned.

Qualifications

• Broad knowledge of fields such as accounting, marketing, business administration, finance, etc., equivalent to a four-year college degree.
• 4 years of related experience and/or training.
• 2 years of related management experience, or an equivalent combination of education and experience.
• Ability to read, analyze, and understand general business/company-related articles and professional journals.
• Ability to speak effectively before groups of customers or employees.
• Mathematical skills, including the ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
• Ability to apply concepts such as fractions, ratios, and proportions to practical situations.
• Critical thinking skills to solve practical problems and deal with a variety of known variables in situations with limited standardization.
• Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.

Skills

• Intermediate skills in 10-Key and Accounting software.

No direct supervisory responsibility. No supervision of departments.

Working Conditions

Somewhat disagreeable working conditions. Continuously exposed to noise, intermittent standing, walking, and occasional pushing, carrying, or lifting up to 10 pounds.

Environmental Conditions

Moderate noise level in the work environment. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Physical Activities

Semi-repetitive, low physical work requiring periods of concentration. Frequently required to sit; occasionally required to stand, walk, stoop, kneel, crouch, or crawl. Occasional lifting and/or moving up to 10 pounds.