Mortgage Originator

About the Role

Primarily responsible for working with customers interested in identifying and obtaining permanent FHA/VA and conventional mortgage loans and other residential mortgage programs that best meet the customer’s financial needs and objectives, and adhering to the requirements of federal registration under the SAFE Act.

Responsibilities

• Interviews applicants to collect and analyze information regarding their income, assets, debts, and credit data, as well as their needs, desires, and earnings to assist in determining whether the loan will be an acceptable risk.
• Obtains and analyzes pertinent financial and credit data.
• Independently assesses applicant’s creditworthiness and has the authority to issue pre-qualification statements of borrowers’ eligibility.
• Determines which products best meet the customer’s needs and financial circumstances, advises potential borrowers on the advantages and disadvantages of different financial products, and recommends the most appropriate mortgage loan programs.
• Makes recommendations to customers regarding other bank products or alternative lending vehicles, as needed.
• Cultivates new mortgage business, markets, services, and promotes the bank’s mortgage products, including solicitation of residential first mortgages through contacts with Realtors, builders, and developers.
• May be required to travel to and work at prospective customers’ homes or business locations and follow up on potential customers via travel or telephone.
• Negotiates terms and conditions of loans with mortgagors and has the authority to bind the bank in connection therewith.
• Ensures lending compliance with all origination procedures, including bank policies, procedures, and regulatory requirements.
• Advises management on effective compliance strategies and potential modifications to corporate operating policies to ensure ongoing regulatory compliance.
• Independently monitors trends and developments in the local real estate market, as well as changing rules and regulations pertaining to both private and government-insured mortgages.
• Represents the bank in the community and related functions to identify, develop, and promote additional business.
• May present seminars to the general public and real estate agents to promote additional business and community outreach.

Qualifications

• Associates degree and 2 years of sales experience, OR in lieu of a degree, a combined minimum of 4 years of higher education and/or relevant work experience, including a minimum of 2 years of sales experience.
• Thorough knowledge of FHA/VA regulations, conventional loan requirements, and real estate law.

Skills

• General knowledge of personal computers and software programs utilized by the Residential Mortgage Department.
• Proven sales ability.
• Strong mathematical skills.
• Self-motivated and well-organized individual.
• Excellent verbal and written communication skills.
• Ability to interact with individuals at all income levels and peers in a professional manner.
• Demonstrated ability to work independently and follow through on details to completion.
• Ability to work under critical time constraints.

Pay

Compensation for this role is based on commission - a draw will be advanced. The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location: Syracuse, New York, United States of America