Mortgage Loan Originator

About the Role

The Mortgage Loan Originator solicits residential first mortgages through contacts with Realtors, builders, and developers. They interview loan applicants, make credit decisions, handle referrals, and develop 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, then 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.

Requirements

• Broad knowledge of accounting, marketing, business administration, finance, or related fields.
• Equivalent to a four-year college degree, plus 4 years of related experience and/or training, and 2 years of related management experience, or an equivalent combination of education and experience.

Skills

• Communication Skills: 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: Ability to calculate figures such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts like fractions, ratios, and proportions to practical situations.
• Critical Thinking Skills: Ability to solve practical problems and deal with variables in situations with limited standardization. Ability to interpret instructions in written, oral, or diagram formats.
• Software Skills: Intermediate proficiency in 10-Key and accounting software.

Working Conditions

• Somewhat disagreeable working conditions with continuous exposure to elements such as noise, intermittent standing, walking, and occasional pushing, carrying, or lifting.
• Moderate noise level in the work environment.
• Semi-repetitive, low physical activity requiring periods of concentration. Frequent sitting and occasional standing, walking, stooping, kneeling, crouching, or crawling. Occasional lifting and/or moving up to 10 pounds.