Mortgage Loan Originator

Come join our team and become a Bank Iowan! We are currently looking for a Mortgage Loan Originator for our Buchanan County Market.

We offer a competitive salary, annual performance bonus, charity donation match, volunteering opportunities and many more employee perks!

Responsible for meeting the mortgage lending needs of the communities Bank Iowa serves. Must possess a thorough knowledge of all pertinent loan products and the processing, underwriting, closing, and shipping procedures of all secondary market funding sources, including Iowa Bankers Mortgage Corporation's (IBMC) processes, as well as Bank Iowa's residential loan products.

• Accountability 1: 50% Weighting. Actively solicit valid referral sources including, but not limited to, fellow employees, Realtors andreal estate firms, investment advisors, accountants, attorneys, and all other centers of influence.
• Accountability 2: 20% Weighting. Promptly respond to customer inquiries and mortgage applications. Effectively communicate available loan programs and accurately present loan solutions. Provide all the required disclosures and respond to IBMC's requests for loan information and required documents within the mandated time frames. Communicate effectively with customers to identify needs and then utilize skills and tools to refer clients to the appropriate Bank Iowa personnel.
• Accountability 3: 20% Weighting. Display diligence in keeping up to date with all loan products offered by the bank and IBMC, pertaining to underwriting guidelines, pricing, registration, and delivery. Exhibit accuracy in loan pricing and have no loans returned for repurchase. Responsible for following the bank and IBMC's policies and procedures for compliance, relative to the functions of the position.
• Accountability 4: 10% Weighting. Ongoing monitoring of the loan pipeline to ensure the successful realization of deadlines for loan credit approval, final loan approval and loan closing/shipping to applicable investor, to ensure we meet purchasing guidelines. Provide all requested information on the pipeline and closed loans in a timely manner to the Department Manager.

• Behave in a manner that demonstrates and fosters teamwork and a positive work environment, treating all employees with respect while giving full support and encouragement. Maintain good working relationships between all bank departments, bank offices and management in an effort to keep the lines of communication open.
• Employee will be responsible for completing applicable annual compliance trainings as required by compliance laws, regulations, IBMC, and bank policy.
• Comprehend and comply with all pertinent Bank Secrecy Act/OFAC/CIP policies and procedures. Complete annual training required to comply with the SAFE Act including successful initial and ongoing registration in the NMLS Registry.
• Be an active member of the community by attending community events, participating in educating referral partners and borrowers on mortgage products, and project a positive image of Bank Iowa.

• Experience in secondary market lending
• Knowledge of FNMA, Freddie Mac and GMNA guidelines
• Knowledge of Federal Regulatory guidelines
• Direct Sales experience

• Increase mortgage loan portfolio by producing sufficient volume (dollar and fee income) to meet the annual mortgage department goal.
• No un-fundable loans
• Acceptable results from all audits
• No loans resulting in repurchase

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Performance of the job will include physical duties commensurate with a general office environment.
• The employee must occasionally lift and/or move up to ten pounds.