Community Development Mortgage Loan Officer
About The Position
The Community Development Mortgage Loan Officer (CDLO) assists clients with the origination of residential mortgage loans, offering tailored advice and analysis to meet their home lending needs and financial goals. The CDLO is responsible for developing referral sources to grow KeyBank's home lending business and client base. Success in this role is measured by meeting or exceeding sales goals while maintaining high standards of client satisfaction and loan quality. The role involves working in a branch environment to provide in-person client services 4+ days/week, including participating in morning huddles and end-of-day debriefs on targeted days. Employees are expected to comply with all KeyBank policies and procedures, acting professionally, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key’s clients and Key.
Requirements
- Excellent communication skills both written and verbal.
- Demonstrated strong customer service skills.
- Proficient in sales and service skills; including tele-consulting, prospecting, networking and COI relationship management.
- Strong financial acumen.
- Proficiency in sales/originator systems and workflow management.
- May need to drive to multiple locations in a single day; ability to operate a motor vehicle with a valid driver's license required.
Nice To Haves
- Bachelor's Degree in a Business-related field or equivalent experience.
- 3+ years of experience as a loan officer in 1st mortgage production.
- 3+ years of working knowledge of FNMA, FHLMC, FHA, VA, TIL regulations, Equal Credit Opportunity Act, RESPA regulations, local and state real estate and finance laws.
Responsibilities
- Prospect home lending business to build and develop new client loan originations and relationships.
- Originate and process a targeted number of family residential real estate mortgage transactions in accordance with Home Lending process and product guidelines.
- Provide clients with detailed information about various mortgage options, interest rates, and terms to help them make informed decisions.
- Gather documents at the time of registering a loan and remain the primary point of contact for the client during the loan process.
- Maintain high standards of client satisfaction and quality, ensuring sales/originator systems and workflows are efficiently controlled.
- Develop and maintain deep knowledge of KeyBank products, services, and competitive offerings.
- Maintain proficiency on sales/originator systems and develop efficient workflows.
- Keep informed of trends and developments in the real estate market and mortgage industry.
- Generate new mortgage business and manage the loan origination process from initial application through to closing.
- Navigate the home mortgage process, from application to closing, providing advice on interest rates and repayment terms.
- Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice.
Benefits
- Base hourly rate in the range of $20.67 - $31.25 per hour.
- Incentive compensation which may include production, commission, and/or discretionary incentives.
- List of benefits for which this position is eligible.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
