Local Mortgage Loan Officer — Financing

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Hopkins
- Main St Regular Full-Time 5 Days NOT Required Madisonville, KY, US

30+ days ago Requisition

Mortgage Loan Officer

* Position is not eligible for remote work.

Job Code
MORTORG

Job Family

Job Summary

The Mortgage Loan Officer is the first person most customers seeking a mortgage have contact with in the process. This position's primary responsibility is to develop new business, complete application and documentation process, structure each loan, and maintain and service existing portfolios.

Essential Functions, Duties and Responsibilities include, but are not limited to:

• Originates mortgage loans in surrounding area
• Develops referral relationships with realtors, developers, builders, and potential customers to promote the bank's loans and develop business
• Assesses needs and advises customers and potential clients on financial solutions
• Interviews applicants, collects data on earnings/income or other financials, and assesses loan risks
• Develops and structures each loan to best fit customer needs; conducts preliminary underwriting review and submits loan applications to processing and underwriting for final approval
• Follows loan status, maintains communications with customers and realtors, and ensures that documents required for processing, underwriting, and closing are secured in a timely manner
• Monitors existing real estate loan portfolio to ensure proper risk ratings and early identification of potential issues
• Assists delinquent customers to become current and stay current with alternatives to foreclosure
• Maintains on-going customer contact, quality customer service, and superior product knowledge
• Stays abreast of Freddie Mac policies and procedures to ensure proper application and document collection requirements
• Maintains compliance and regulation in all loan documentation and processing

Education, Experience and Qualifications

Education

Required/Preferred

Description

Required

High School or GED

Preferred

Degree in finance, business, or related field preferred

Years of Experience

Minimum

Comments

2

A minimum of two (2) years of experience in mortgage loans, loan documentation, and compliance regulations preferred

License / Certification

Required/Preferred

License / Certification

Description

Required

Nationwide Multistate Licensing System & Registry (NMLS)

Additional Qualifications

• Experience with Freddie Mac products preferred, but not required

Core Competencies

• Oral and written communication skills
• Interpersonal skills
• Mathematical skills
• Analytical thinking skills
• Ability to multi-task

Working Conditions

Working Conditions

Indoors, environmentally controlled. Usual office working conditions. The noise level in the work environment is typical of most office environments with telephones, personal interruptions, and background noises.

Occasional travel may include outdoor, uncontrolled environmental conditions, including rain, sleet, ice, snow, extreme heat or cold temperatures.

Travel Requirements

Requirement

Frequency

Travel to meet with clients and/or close loans

Occasionally

Mandatory Vacation

Mandatory vacation not required

Physical Requirements

Requirement

Frequency

Sitting (remaining in a seated position)

Frequently

Standing (remaining on one’s feet in an upright position without moving about)

Frequently

Walking (moving about on one’s feet)

Frequently

Lifting (raising or lowering an object from one level to another)

Never or Rarely

Carrying (transporting an object, usually by holding it in the hands or arms or on the shoulder)

Occasionally

Pushing/Pulling (exerting force upon an object so that the object moves away or toward the force)

Never or Rarely

Reaching (extending hand(s) and arm(s) in any direction, such as overhead, below waist, forward or lateral)

Never or Rarely

Keyboarding (entering text or data using computer keyboard or 10-key numeric keyboard)

Frequently

Pinching/Gripping (seizing, holding, grasping, turning or otherwise working with the hand(s) or fingers)

Never or Rarely

Stooping (bending downward and forward by bending spine at the waist)

Never or Rarely

Squatting/Crouching (bending body downward and forward by bending legs and spine)

Never or Rarely

Kneeling (bending legs at knees to come to rest on knee(s))

Never or Rarely

Crawling (moving about on hand and knees or hands and feet)

Never or Rarely

Never or Rarely

Speaking (expressing or exchanging ideas by means of the…