Community Development Mortgage Loan Officer

ChoiceOne Bank•Flint, MI

4d•Hybrid

About The Position

This role is tasked with originating residential mortgages for Low-to-Moderate Income (LMI) communities, majority-minority populations, LMI individuals, and minority individuals including those identifying as Black or African American, Hispanic, American Indian, and Asian/Hawaiian/Pacific Islander. Additionally, the position is responsible for cultivating strong partnerships with nonprofit and local community organizations to inform first-time homebuyers about both internal and government mortgage products.

Requirements

3+ years’ experience in community and diversity mortgage loan origination.
Working knowledge of FHA, conventional, and governmental lending guidelines.
Working knowledge of federal lending regulations, CRA, Multicultural and HUD income guidelines.
Must hold NMLS or be eligible to register with the National Mortgage Licensing System and Registry.
Experience with Community Reinvestment Act related to consumer products and services, small business banking and/or community development lending.
Strong organizational and administrative skills.
Ability to work throughout an assigned region/territory while supporting organizational goals.
Bachelor’s degree required.
Knowledge to assist in the implementation of the Bank’s Community Reinvestment Act strategies.
Strong project management skills required to develop and implement projects, initiatives and plans across assigned assessment area(s).
Organizes and motivates others to achieve organizational goals for CRA and Community/Economic Development.
Represents the Bank professionally to both internal and external constituents.
Effective written and oral communication skills required, with the ability to interface with Internal and external stakeholders and community partners.
Has group presentation skills.
Ability to analyze Community Reinvestment Act performance and market data.
Ability to prepare qualitative and quantitative assessments and effectively communicate results.
Knowledge of Microsoft Office products, Word, Excel, PowerPoint, and SharePoint required.
Ability to teach, educate and provide mentorship.
Ability to work independently as well as with a team.
Ability to identify opportunities and solutions that contribute to the bank’s Community Reinvestment Act performance.

Nice To Haves

Retail and/or Mortgage lending experience preferred.

Responsibilities

Research and recommend new LMI lending products and services, and review current product offerings.
Maintain a pipeline of CRA and non-CRA book of business.
Conduct inclusive marketing efforts to develop new leads, loans, and bank relationships.
Conduct first-time homebuyer classes and host vendor tables at community events.
Establish and maintain relationships with nonprofit housing groups, state and local affordable housing organizations, and realtors to further mortgage origination in LMI areas.
Engage with community and other organizations focused on affordable housing programs for down payment assistance or minority communities.
Promote the bank’s CRA/LMI and minority lending programs internally and externally to increase LMI mortgage activity.
Advise and educate current and potential customers on homeownership, borrowing, and mortgage loans.
Provide excellent customer service from approval through closing, working closely with internal staff.
Review reports, attend monthly meetings, and maintain knowledge of the bank’s performance in designated assessment areas.
Meet monthly with the VP CRA and Community Development Officer to assess and create action plans for CRA mortgage goals.
Be familiar with and comply with the Bank Secrecy Act and USA PATRIOT Act, completing required reports and reporting violations.
Be familiar with and comply with all applicable federal and state banking regulations.
Develop and maintain relationships with key community partners and nonprofit organizations serving underserved groups.
Represent the bank on boards/committees or taskforces supporting low- and moderate-income communities.
Attend community events related to CRA and community development.
Promote home ownership through community outreach efforts in low-to-moderate and majority-minority census tracts.
Assist in assessing community needs and executing strategies for CRA and Community Development goals.
Process Federal Home Loan Bank of Indianapolis (FHLBI) down payment assistance grants, ensuring compliance and accurate documentation.
Monitor all FHLBI grants, ensuring discharge after 5 years.
Ensure compliance with FHLBI grant requirements and maintain accurate documentation.