Mortgage Loan Officer (Full Time) - Plano

PROSPERITY BANK•Plano, TX

132d•Onsite

About The Position

The Mortgage Loan Officer (MLO) is responsible for sourcing new mortgage loan business, taking loan applications, reviewing them, and providing applicants with necessary documentation lists. The MLO sets realistic expectations for the mortgage loan process, provides regular updates, and discusses relevant mortgage-related facts and issues with applicants concerning ability to repay, bank credit policy, and documentation for underwriting. Familiarity with Bank credit policy and guidelines of GSE’s, FHA, and VA is required. The role involves originating eligible mortgage loans through marketing activities and referral generation from various sources, including Prosperity Banking Centers, realtors, home builders, financial planners, networking groups, trade associations, and personal spheres of influence. MLOs have specific monthly and rolling 90-day production expectations. If assigned to a Prosperity Bank location, the MLO is expected to build internal relationships, educate bank 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. The MLO must maintain effective communication with bank personnel in the mortgage fulfillment area and management, present professionally with high ethical conduct, safeguard customer information, and act in the best interest of the Bank. The MLO meets with potential customers to understand their financial needs and present suitable mortgage products, overseeing the entire loan process from origination and analysis to closing. Adherence to lending standards, legal requirements, and all Bank policies is mandatory.

Requirements

High school graduate or equivalent.
Knowledge of Bank consumer mortgage lending policies, procedures, and guidelines.
Understanding of financial analysis and determination of credit worthiness.
NMLS certified.
3 to 5 years of prior mortgage banking experience.
Working knowledge of FNMA/FHLMC, FHA, VA.
Excellent communication and public relations skills.
Financial analytical skills.
Solid interviewing skills.
Able to use related computer applications and business machines.
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 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.
Valid driver license in your State.
Maintain required automobile insurance.
Abide by the standards for cell phone use as described in the employee handbook.

Nice To Haves

Advanced degree preferred.

Responsibilities

Source new mortgage loan business from leads generated inside and outside of the Bank.
Take loan applications and review them.
Provide applicants with a list of necessary supporting documents.
Set realistic expectations about the mortgage loan process for applicants.
Provide regular updates to applicants and other interested parties.
Discuss relevant mortgage-related facts and issues with applicants concerning ability to repay, bank credit policy, and documentation for underwriting.
Originate eligible mortgage loans through marketing activities and referral generation.
Build internal relationships by visiting the Bank regularly (if assigned a Prosperity Bank assignment).
Educate Bank employees about introducing Bank customers to the mortgage department.
Identify opportunities to introduce non-bank mortgage customers to Prosperity Bank's financial services.
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 the customer’s personal information and the best interest of the Bank.
Meet with potential customers to understand their financial needs and present suitable mortgage products.
Oversee the customer experience through the entire loan process, from origination and analysis to loan closing.
Stay informed of, and abide by, the lending standards and related legal requirements.
Strictly adhere to all Bank policies, regulatory and legal requirements.