Residential Mortgage Loan Originator

About the role

Cogent Bank is an entrepreneurial financial institution dedicated to serving its clients through diversified and comprehensive offerings. The bank aims to be a trusted financial partner, focusing on growth, profitability, and risk management.

Job Summary

The Residential Mortgage Loan Originator (MLO) at Cogent Bank is responsible for soliciting and originating residential mortgage loans, ensuring high-quality customer service and loan quality. Successful candidates should demonstrate a proven track record in loan origination, business development, and relationship management.

Requirements

• Attract new mortgage loan applications by developing relationships within the Bank and community, specifically with coworkers, realtors, builders, investment advisors, other referral partners and centers of influence.
• Regularly make sales visits to banking centers, prospective customers and referral partners, marketing the Bank’s mortgage loan products and services accurately and effectively, including explanation of risks and benefits.
• Introduce mortgage clients to other Bank solutions for deepening client opportunities.
• Obtain relevant information (data and documents) and evaluate prospective customers' financial status, including credit, employment, income, assets, and appraisal report(s), to establish recommendation for loan approval.
• Consistently communicate with prospective customers, including status of loan applications, answering questions, explanation of underwriting conditions including additional documentation needed and scheduling of closing.
• Maintain current knowledge of all applicable lending regulations, agency, government and investor guidelines along with the economy, interest rate environment, vendors, and competitors.
• Conduct all business in a professional and ethical manner to serve customers and increase the goodwill of the Bank.
• Ensure BSA compliance by reading and being familiar with the BSA/AML program/policy; following all BSA/AML/OFAC policies and procedures; and completing all BSA/AML/OFAC related online courses.

Qualifications and Skills

• Active NMLS Mortgage Loan Originator License or ability to attain is required.
• Minimum two years of mortgage origination experience with own referral network.
• Proven track record of meeting or exceeding production goals.
• Superior sales skills combined with a service mentality.
• Excellent written and verbal communication skills required.
• Ability to thrive in fast-paced environment.