Mortgage Loan Officer, Jr

Columbia Bank • Irvine, CA

3d • Onsite

About The Position

In this role, you will originate residential mortgage loans through solicitation and developing relationships with real estate professionals, builders, and other business referral sources. You will maintain a quality network of business relationships that serve as recurring sources of referrals for new mortgage lending opportunities and growth for the bank that are primarily self-generated. Responsible for the origination of bank generated residential mortgage leads. Generally involved in activities related to originating/selling loans from an inside sales setting, with some time spent promoting Columbia Bank in the community. Develops and executes consistent customer follow up routines and shows steady increase in lead conversion based on monthly “stretch” production goals set under the guidance of assigned mentor or Branch Manager. Ensure exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures, and regulatory requirements, demonstrating a commitment to professional ethics, and complying with all Federal and State compliance policies. Obtain all required documentation as required (i.e., appraisals, title reports, financial information, pulling credit), by taking complete applications, analyzing information and is accurate with supporting documentation to allow a seamless disclosure, process, and approval on the loan file. Maintain overall responsibility for the loan file and documentation through processing underwriting, closing, funding and post-closing by following the transaction through to its conclusion. Convey to customers and other associates the advantages of the company and various financial products the company offers through other areas of the bank.

Requirements

• Bachelor’s degree in business, finance, or equivalent, required.
• Less than 2 years of previous mortgage self-generated origination/sales and structuring experience, required.
• Demonstrated knowledge of the home lending industry, including processing, underwriting, closing, and funding loans.
• Excellent analytical and problem-solving skills.
• Experience collecting and analyzing borrower income and negotiating skills.
• Demonstrated ability to develop new and sustainable referral sources and generate leads.
• Excellent written and verbal communication.
• Ability to organize and prioritize, manage, and perform multiple tasks.
• Detail-oriented and able to meet strict deadlines.
• Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.
• Proficiency with personal computers and related software packages such as Word and Excel.
• Must be registered as an MLO as per the S.A.F.E. Act requirements.
• This position requires you to act as a Bank MLO, which is defined as an individual authorized by the Bank to take mortgage loan applications, offer a mortgage, arrange a mortgage, assist a consumer in obtaining or applying to obtain a mortgage, negotiate a mortgage, otherwise obtain or make a mortgage for another person, represent to the public (through advertising or other means of communication) that such person can or will perform any of these activities, or refer a consumer to a loan originator (Note: Except those employees of the Bank who do not discuss particular credit terms available and do not refer the consumer, based on the employee’s assessment of the consumer’s financial characteristics to a particular Bank MLO) for compensation or gain.
• All MLOs will be required to register as an MLO complying with the SAFE Act requirements.
• This position is authorized to act as a Bank Closed-End MLO, which is defined as any position designated to perform the activities of a Bank MLO for closed-end transactions, and thus subject to specific Truth-in-Lending Act and Regulation Z Loan Originator requirements.

Nice To Haves

• Spanish speaking preferred.

Responsibilities

• Originate residential mortgage loans through solicitation and developing relationships with real estate professionals, builders, and other business referral sources.
• Maintain a quality network of business relationships that serve as recurring sources of referrals for new mortgage lending opportunities and growth for the bank that are primarily self-generated.
• Originate bank generated residential mortgage leads.
• Engage in activities related to originating/selling loans from an inside sales setting, with some time spent promoting Columbia Bank in the community.
• Develop and execute consistent customer follow-up routines and show a steady increase in lead conversion based on monthly production goals.
• Ensure exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures, and regulatory requirements.
• Demonstrate a commitment to professional ethics and comply with all Federal and State compliance policies.
• Obtain all required documentation (e.g., appraisals, title reports, financial information, credit reports) by taking complete applications, analyzing information, and ensuring accuracy of supporting documentation.
• Maintain overall responsibility for the loan file and documentation through processing, underwriting, closing, funding, and post-closing.
• Convey to customers and other associates the advantages of the company and its various financial products.

Benefits

• Comprehensive healthcare coverage (medical, dental, and vision plans)
• 401(k)-retirement savings plan with employer match for qualifying associate contributions
• Employee assistance program
• Life insurance
• Disability insurance
• Tuition assistance
• Mental health resources
• Identity theft protection
• Legal support
• Auto and home insurance
• Pet insurance
• Access to an online discount marketplace
• Paid vacation
• Sick days
• Volunteer days
• Holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level