Mortgage Loan Officer (Full Time) - Corpus Christi

Prosperity Bank•Corpus Christi, TX

1d•Onsite

About The Position

The Mortgage Loan Officer (MLO) is responsible for sourcing new mortgage loan business from leads generated inside and outside the Bank. This role involves taking loan applications, reviewing them, and providing applicants with a list of necessary supporting documents. The MLO will set realistic expectations for the mortgage loan process, provide regular updates, and discuss relevant mortgage facts and issues with applicants, including 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.

Requirements

High school graduate or equivalent.
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.
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.
Reasoning Ability: Ability to deal with a variety of variables under only standardization. Able to interpret various instructions.
Mathematics Ability: Ability to compute interest, payments, profit and loss, financial ratios, percentage, cash flow, and debt service. Able to perform very simple algebra.
Language Ability: 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

Advance 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 documents necessary to support the information in the application.
Set realistic expectations about the mortgage loan process for the applicant(s).
Provide regular updates to the applicant(s) and other interested parties.
Discuss relevant mortgage related facts and issues with applicants concerning ability to repay, bank credit policy and documentation necessary to present to underwriting for credit decision.
Originate eligible mortgage loans.
Focus on marketing activities to generate mortgage loan referral activity from Prosperity Banking Centers, realtors, home builders, financial planners, networking groups, trade associations and personal sphere of influence.
Meet monthly production expectations: 5 units or $1.0 Million in eligible loan volume.
Meet 90-day rolling average production expectations: 15 units or $3.0 Million in eligible loan volume.
Visit the Bank on a regular basis to build internal relationships, educate Bank employees about introducing Bank customers to the mortgage department, and look for opportunities to introduce non-bank mortgage customers to Prosperity Bank's financial services with a warm handoff.
Establish and maintain effective communication, coordination, and working relations with Bank personnel in the mortgage fulfillment area and with management.
Present yourself in a professional manner, representing Prosperity Bank with the highest level of professional conduct and ethical behavior.
Always look after 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 them with the best mortgage products to suit those needs.
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.