Mortgage Loan Officer

Bank of Clarke•McLean, VA

43d•Hybrid

About The Position

Provide lending services and financial advice to customers interested in mortgage loans for the purpose of purchasing, refinancing or constructing real estate. The lending service includes an extensive knowledge of bank loan products including portfolio, conventional and government mortgage products offered. The ability to determine best product to fit the financial needs of the customer is essential. Lending responsibilities include all underwriting tasks normally associated with making sound and thorough credit decisions. This position can be hybrid or fully remote.

Requirements

Bachelor’s degree or equivalent education
Minimum of 3 years' experience as a producing mortgage loan officer
Excellent oral and written communication skills
Ability to analyze personal financial statements and tax returns
Strong working knowledge of Microsoft Office Outlook, Word and Excel
Ability to adapt to loan operating system and/or financial software
Exceptional customer service skills
Decision making skills
Strong verbal and written communication skills
Banking and lending legal knowledge
Sales skills
Detail and thoroughness in attention to documentation

Responsibilities

Interview applicants to obtain their financial position and ability to repay.
Collect and analyze all necessary documentation and review for loan approval.
Review various loan products to recommend best fit for the customer depending on credit history, down payment, and amortization requirements.
Utilize training materials, reference tools, and other resources to provide accurate up-to-date loan program/policy information to clients and partners.
Ability to communicate and manage client information through loan operating system, and any other system applicable to the process.
Develop and maintain successful relationships with business referral sources. Increase mortgage loan portfolio by developing business contacts, attracting mortgage customers. Weekly calls and appointments on potential and existing customers as established in marketing plan to develop new business or retain existing business. This includes branches/other bank depts., realtors, builders, and other professionals to build relationships and a referral base.
Seek potential and existing customers to develop new business, refinance opportunities, and referrals.
Attract new mortgage loan applications by developing relationships within the community, specifically with the real estate community, making sales calls to prospective customers.
Approve mortgage loans by examining application and supporting documentation; estimating credit worthiness; calculating repayment risk.
Complete mortgage loans by monitoring collection, verification, and preparation of mortgage loan documentation; provides underwriting with complete and accurate loan applications; communication with customers and partners during various stages of the loan process; scheduling and completing mortgage loan closing.
Identify cross-selling opportunities of deposit, investment or other loan products.
Expedite the processing of various loan documents and ensure compliance with policies, procedures and guidelines. Works closely with team members to ensure timely follow-up on all new leads generated by referrals and marketing programs.
Resolve concerns and answered questions for parties involved with each transaction to ensure successful.
Ensure exceptional client experience by overseeing loan process from origination to closing. This requires working closely with all parties.
Facilitates borrower and real estate agent/builder satisfaction by providing exceptional customer service and communication throughout the loan process. This requires providing education, advice, and progress reports, answering questions and resolving challenges.
Protect bank’s image by keeping mortgage loan information confidential.
Update job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks, participating in professional organizations.
Develop fee income from existing and prospective customers.