Mortgage Lender

Overview

Position Title:

Mortgage Lender

Reports To:

Market President

Status:
Salary;
Non-Exempt

• Life Insurance
• Disability Insurance
• ESOP
• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

• Source mortgage leads and build mortgage business network by establishing relationships with realtors, builders, and developers.
• Originate conventional and government residential mortgages and participate in related business development activities.
• Act as the primary point of contact between the borrower and the Bank on mortgage originations.
• Interview applicants to gather information concerning their needs to assist in determining whether a loan will be acceptable risk.
• Structure loan financing based on risk considerations.
• Communicate with other professionals, including attorneys, county clerks and title companies, as necessary to facility the processing/closing of loans.
• Negotiate terms and conditions with applicants. Ensure the preparation and processing of forms and legal documents required for residential loans follows those terms.
• Responsible for initiating rate locks, collecting up-front fees, obtaining credit bureau, performing desktop underwriting, etc.
• Responsible for explaining loan options and products to applicants, including disclosing terms, conditions, and explaining disclosures, etc.
• Ensure appropriate underwriting standards are followed.
• Ensure that approval falls within the established lending guidelines.
• Review loan closing documents for accuracy to facility timely loan closing.
• Manage and understand collateral perfection processes such as UCC and mortgage filings.
• Maximize bank profitability through appropriate pricing of new loan originations and fee income.
• Meet with prospects and customers in locations other than their primary office or personal residence, such as open houses, realtor and home builder events, seminars, etc.
• Communicate suspected fraud and or discrepancies to the department manager and/or fraud department as applicable.
• Recognize and maintain adherence to compliance with all banking regulations and laws, including those for consumer protection and the BSA/AML Program.
• Support the bank’s strong relationship banking culture through on-going customer contact, quality customer service and superior product knowledge. Stay up to date on local trends and developments in the real estate market, as well as changing rules and regulations pertaining to both conventional and government-insured mortgages.
• Originate loans that meet minimum production levels.
• Provide support to other team members as assigned by Department Head.
• Understand and comply with Federal, State and Union State Bank rules, policies, and regulations.
• Perform other duties as may be required or assigned.

Bachelor’s degree from a four-year college or university, or three to five years of related work experience; or equivalent combination of education and experience required. Financial services industry experience preferred. This position requires compliance with the SAFE Act Registration with the Nationwide Mortgage Licensing System & Registry (NMLS Registry) required upon hire. Good standing with the NMLS Registry must be maintained.

Valid driver’s license is required to travel to meet with prospects and customers.

Ability to communicate, written and verbal, effectively with people both internally and externally. High degree of accuracy and attention to detail with the ability to handle multiple tasks and meet deadlines. Ability to identify and resolve problems. Organizational and time management skills. Ability to work with all levels within the organization. Basic computer skills to include proficiency in Microsoft Office products.

Able to handle confidential information and positively represent the company.

Communication, approachability, high attention to detail, problem solving and critical thinking.

Fiserv Precision, Laser Pro, Encompass, Microsoft Office Suite, etc.

Office equipment which includes computer, imaging scanner, multi-line phone system, multi-function unit, etc.

Work is performed in an…