Mortgage Loan Officer Plano

Mortgage Loan Officer (Full Time) - Plano

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Full Time Mortgage Originator Plano, TX, US

30+ days ago Requisition

* A pre-employment credit check will be performed on all qualified applicants.*

External Applicants:
Please apply through Prosperity Bank's Career Center at . Applying through any other source may prevent Prosperity from receiving your application.

Internal Applicants:
If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP.

Prosperity Bank is an Equal Opportunity Employer.

The responsibility of the Mortgage Loan Officer (MLO) is to source new mortgage loan business from leads generated inside and outside of the Bank. The MLO takes loan applications, reviews the application, provides the applicant a list of necessary documents, sets realistic expectations about the mortgage loan process, and provides regular updates to the applicant and other interested parties. The MLO discusses relevant mortgage facts and issues with applicants concerning ability to repay, bank credit policy, and documentation necessary to present to underwriting for credit decision.

The MLO must be familiar with Bank credit policy and guidelines of the GSE’s, FHA and VA.

• The principal responsibility is the origination of eligible mortgage loans, focusing on marketing activities to generate referral activity from Prosperity Banking Centers, realtors, home builders, financial planners, networking groups, trade associations, and personal sphere of influence.
• MLOs have a minimum production expectation:
  • Monthly: 5 units or $1.0 Million in eligible loan volume
  • 90‑day rolling average: 15 units or $3.0 Million in eligible loan volume
  • The above represents the minimum expectation.
• If the MLO is provided a Prosperity Bank assignment, the MLO visits the Bank regularly to build internal relationships, educate Bank employees about introducing Bank customers to the mortgage department, and seeks opportunities to introduce non‑bank mortgage customers to Prosperity Bank services with a warm handoff. Referrals from the Bank are an adjunct to self‑sourced business.
• Responsible for establishing and maintaining effective communication, coordination, and working relations with Bank personnel in mortgage fulfillment and management.
• Present yourself professionally, representing Prosperity Bank with the highest level of conduct and ethical behavior, safeguarding customer personal information, and acting in the Bank’s best interest.
• Meet with potential customers to understand their financial needs and present suitable mortgage products.
• Oversee the customer experience throughout the loan process, from origination and analysis to closing.
• Stay informed of and abide by lending standards, legal requirements, and all Bank policies.

This role has no supervisory duties.

Education/Certification
:
High school graduate or equivalent; advanced degree preferred.

Required Knowledge
:
Bank consumer mortgage lending policies, procedures, and guidelines; financial analysis and creditworthiness determination. NMLS certified.

Experience Required
: 3 to 5 years of mortgage banking experience, including knowledge of FNMA/FHLMC, FHA, VA.

Skills/Abilities
:
Excellent communication and public relations; financial analytical; solid interviewing; computer application proficiency.

• Talking:
  Frequently convey detailed or important instructions.
• Average Hearing:
  Understand normal conversations.
• Repetitive Motion:
  Use wrists, hands, and fingers routinely.
• Average Visual Abilities:
  Inspect documents and operate machinery.
• Driving and Mobility:
  Hold valid driver license, maintain insurance; comply with mobile phone policy.
• Physical Strength:
  Stand, walk, reach, drive; lift up to 25 pounds on occasion; maintain concentration.

No hazardous or significantly unpleasant conditions.

• Reasoning Ability:
  Deal with variables under limited standardization.
• Mathematics Ability:
  Compute interest, payments, financial ratios, percentages, cash flow, debt service; perform simple algebra.
• Language Ability:
  Read various materials; prepare memos, applications, reports, essays with proper grammar; communicate clearly.

Hours:

Monday – Friday 9:00 am to 5:00 pm