Mortgage Loan Originator

About the role

This is a hybrid position, with a work location in Newark, NJ. Industrial Bank provides health, dental, vision, 401k, performance bonuses, vacation, sick/safe pay, personal days, company paid short and long-term disability and life insurance plan.

Responsibilities

• Originate and develop new loan business
• Proactively develop and foster partnership with builders, developers, real estate brokers and additional potential resources
• Guide and educate client through the application process by communicating and answering questions
• Maintain thorough knowledge of lending programs, policies, procedures, and regulatory requirements
• Analyze personal and financial information for potential clients
• Provide guidance to prospective applicants who have problems qualifying for traditional loan products
• Develop and maintain relationships with retail, commercial, and consumer divisions
• Track processing of loan applications to meet customer needs and earn income for the bank
• Timely and accurate information for use in the analysis of loan applications
• Secure supporting loan documentation
• Provide ongoing status reports to applicant, realtor, and builder on loan process
• Maintain customer satisfaction at all levels

Requirements

• A high school diploma and some college preferred in business administration
• 5 years’ experience is processing residential or consumer loans
• Familiarity with loan processing procedures
• Knowledge of financial analysis and credit risk ratings
• Strong time management skills
• Good communication skills and have good judgement
• Be dependable with excellent customer service skills

Qualifications

• Must demonstrate experience and knowledge in residential lending functions
• Ability to explain the different loan programs and credit terms available
• Knowledge of computer software programs used to evaluate loan information

Skills

• Loan Origination Systems (LOS)
• Microsoft Suite

Benefits

Industrial Bank provides health, dental, vision, 401k, performance bonuses, vacation, sick/safe pay, personal days, company paid short and long-term disability and life insurance plan.

Pay

This position is a salary plus commission position.

Schedule

This position is a hybrid position, with a work location in Newark, NJ.