Mortgage Loan Officer (Full Time) - OKC, Expressway

Prosperity Bank•Oklahoma City, OK

5d•Onsite

About The Position

The Mortgage Loan Officer (MLO) is responsible for sourcing new mortgage loan business, taking loan applications, and guiding applicants through the mortgage process. This includes reviewing applications, providing necessary documentation lists, setting realistic expectations, and offering regular updates. The MLO will discuss loan-related facts with applicants, focusing on ability to repay, bank credit policy, and documentation for underwriting. Familiarity with Bank credit policy and GSE, FHA, and VA guidelines is essential.

Requirements

High school graduate or equivalent.
NMLS certified.
3 to 5 years of prior mortgage banking experience.
Working knowledge of FNMA/FHLMC, FHA, VA.
Knowledge of Bank consumer mortgage lending policies, procedures, and guidelines.
Understanding of financial analysis and determination of credit worthiness.
Excellent communication and public relations skills.
Financial analytical skills.
Solid interviewing skills.
Able to use related computer applications and business machines.
Valid driver license in your State.
Maintain required automobile insurance.
Abide by the standards for cell phone use as described in the employee handbook.
Ability to withstand moderate physical activity throughout the workday (standing, walking, reaching, driving).
Ability to sit for extended periods of time.
Ability to lift or move up to 25 pounds on occasion.
Ability to maintain attention and concentration for extended periods of time.
Ability to deal with a variety of variables under only limited standardization.
Able to interpret various instructions.
Ability to compute interest, payments, profit and loss, financial ratios, percentage, cash flow, and debt service.
Able to perform very simple algebra.
Ability to read a variety of books, magazines, instruction manuals, atlases, and encyclopedias.
Ability to prepare memos, internal loan applications, reports, and essays using proper punctuation, spelling, and grammar.
Ability to communicate distinctly with appropriate pauses and emphasis, correct pronunciation (or sign equivalent), and variation in word order using present, perfect, and future tenses.

Nice To Haves

Advanced degree preferred.

Responsibilities

Source new mortgage loan business from internal and external leads.
Take mortgage loan applications and review them.
Provide applicants with a list of necessary supporting documents.
Set realistic expectations for the mortgage loan process and provide regular updates.
Discuss relevant mortgage facts and issues with applicants, including ability to repay, bank credit policy, and documentation requirements.
Originate eligible mortgage loans by focusing on marketing activities to generate referrals from Prosperity Banking Centers, realtors, home builders, financial planners, networking groups, trade associations, and personal spheres of influence.
Meet minimum production expectations: Monthly: 5 units or $1.0 Million in eligible loan volume; 90-day rolling average: 15 units or $3.0 Million in eligible loan volume.
Visit assigned Prosperity Bank locations regularly to build internal relationships, educate employees on introducing customers to the mortgage department, and identify opportunities to introduce non-bank mortgage customers to Prosperity Bank's financial services with a warm handoff.
Ensure mortgage referrals from the Bank are an adjunct to self-sourced business.
Establish and maintain effective communication, coordination, and working relations with Bank personnel in the mortgage fulfillment area and with management.
Present oneself in a professional manner, representing Prosperity Bank with the highest level of professional conduct and ethical behavior.
Protect the safety of customer's personal information and act in the best interest of the Bank.
Meet with potential customers to understand their financial needs and present suitable mortgage products.
Oversee the customer experience throughout the entire loan process, from origination and analysis to loan closing.
Stay informed of and abide by lending standards and related legal requirements.
Strictly adhere to all Bank policies, regulatory, and legal requirements.