Mortgage Loan Officer - Madisonville, KY

Independence Bank•Madisonville, KY

29d•Onsite

About The Position

The Mortgage Loan Officer is the first person most customers seeking a mortgage have contact with in the process. This position's primary responsibility is to develop new business, complete application and documentation process, structure each loan, and maintain and service existing portfolios.

Requirements

High School or GED
Nationwide Multistate Licensing System & Registry (NMLS)
A minimum of two (2) years of experience in mortgage loans, loan documentation, and compliance regulations preferred
Customer service skills
Oral and written communication skills
Decision-making skills
Interpersonal skills
Mathematical skills
Analytical thinking skills
Ability to multi-task
Speaking (expressing or exchanging ideas by means of the spoken word to impart oral information to customers and to convey detailed spoken instructions accurately, loudly, or quickly)
Hearing (the ability to hear, understand, and distinguish speech, either in person or telephonically)
Near Visual Acuity (clarity of vision at approximately 20 inches or less)
May require lifting up to 10 pounds

Nice To Haves

Bachelors Degree in finance, business, or related field preferred
Experience with Freddie Mac products preferred, but not required
Far Visual Acuity (clarity of vision at approximately 20 feet or more)

Responsibilities

Originates mortgage loans in surrounding area
Develops referral relationships with realtors, developers, builders, and potential customers to promote the bank's loans and develop business
Assesses needs and advises customers and potential clients on financial solutions
Interviews applicants, collects data on earnings/income or other financials, and assesses loan risks
Develops and structures each loan to best fit customer needs; conducts preliminary underwriting review and submits loan applications to processing and underwriting for final approval
Follows loan status, maintains communications with customers and realtors, and ensures that documents required for processing, underwriting, and closing are secured in a timely manner
Monitors existing real estate loan portfolio to ensure proper risk ratings and early identification of potential issues
Assists delinquent customers to become current and stay current with alternatives to foreclosure
Maintains on-going customer contact, quality customer service, and superior product knowledge
Stays abreast of Freddie Mac policies and procedures to ensure proper application and document collection requirements
Maintains compliance and regulation in all loan documentation and processing