Mortgage Loan Officer

Job in Toledo, Lucas County, Ohio, 43614, USA

Listing for: Waterford Bank, N.A

Full Time position
Listed on 2026-06-23

Job specializations:

Finance & Banking
Banking & Finance, Financial Sales, Financial Consultant, Mortgage Loan Originator / Advisor

Salary/Wage Range or Industry Benchmark: 60000 - 80000 USD Yearly USD 60000.00 80000.00 YEAR

Title:
Mortgage Loan Officer

Department:
Mortgage Group

Reports to: VP Mortgage Loan Group

Summary

Mortgage Loan Officers are responsible for originating residential mortgage loans that conform to secondary market guidelines. The origination process includes the following:

Essential Duties and Responsibilities

Soliciting referrals from internal Bank partners

Soliciting referrals from external partners including realtors, builders, financial planners, CPAs, etc.

Assess a borrower's ability to qualify by thoroughly reviewing their income, assets, credit, and the collateral

Develop and maintain knowledge of current Fannie Mae, Freddie Mac, and other Investor guidelines in order to maintain the salability of mortgage loans

Communicate with Processing, Underwriting, and closing functions to ensure a loan moves timely through the stages of the loan

Stay current with pricing of Conventional, FHA, Non-Conforming loans as well as Fixed vs. Adjustable. It is also the Loan Officer's job to know the Loan Level Pricing Adjustments put in place by Secondary Market

Develop and maintain knowledge of current Federal regulations related to Mortgage lending

Be familiar with the Bank's Loan Origination System so that all documentation and data elements comply with current Federal regulations

Maintain active NMLS registration requirements.

Comply with all requirements of the Bank Secrecy Act

Assist supervisor in other duties as assigned.

Job Qualifications

Four (4) year degree preferred.
Minimum of two (2) years mortgage loan origination experience.
Eligible for active NMLS registration.

Waterford Bank, N.A. is an Equal Opportunity and Affrightive Action Employer. The Bank provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, age, disability, marital status, amnesty, or status as covered veterans in accordance with applicable federal, state, and local laws.

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