Mortgage Loan Officer

The Bank of Missouri•Columbia, MO

4d•Onsite

About The Position

As a Mortgage Loan Officer, you will originate and close real estate loans and other loans in accordance with all federal and state banking laws and regulations and established lending objectives, policies and procedures, as well as establish and maintain positive relationships with existing and potential customers. This position will cover Scott City and Cape Girardeau locations.

Requirements

Bachelor's degree (B. A.) from four-year college or university in the field of business, including specific courses in accounting, finance, and economics; or three to four years loan banking experience and/or training; or equivalent combination of education and experience.

Responsibilities

Provide prompt, courteous and efficient service to internal and external customers.
Perform a full range of duties of the Real Estate Lending Department including complete adherence to all policies and practices of the Bank and its applicable regulatory agencies.
Maintain educational and professional expertise by completion of relevant on-line or in-house training, and/or through attendance at job related seminars, conferences, and workshops.
Courteously assist customers with inquiries and information requests relating to mortgage loan products and services offered.
Discuss all mortgage products and assist customer/buyers in selecting a product that fits their needs.
Take loan applications, both online and in person, interview applicants and request specified information for loan applications; request applicant credit reports, reference checks, and appropriate credit documentation to evaluate loan applications; analyze applicant financial status, credit, and property evaluation to determine feasibility of granting loan; and correspond with or interview applicant or creditors to resolve questions regarding application information.
Facilitate negotiations with applicants according to established standards, such as fees, loan repayment options, and other credit terms; refer loan to underwriting for approval when required; ensure loan commitment/agreements are complete and accurate; ensure timely loan closing and funding activities.
Analyze applicant’s financial status, credit and property evaluation to determine feasibility of granting loan request; approve loan within specified programs and limits; refer larger loan requests to appropriate channels for approval; communicate loan decision to applicants, including rationale for decisions and assures necessary supporting documents are prepared and delivered, -conduct or oversee closings for the bank.
Acquire and maintain knowledge, in order to comply, with all federal and state mortgage lending laws and regulations necessary to perform mortgage lending duties.
Maintain working knowledge of Conventional, VA, FHA, and Rural Development loans to be sold on the secondary market and utilize government programs when deemed necessary to meet customer's credit needs.
Maintain working knowledge of various types of loans to be held in the bank's portfolio.
Perform onsite inspections as needed.
Be able to recognize and communicate potential problems with loans through analysis, including the ability to work a portfolio including participation in the collection procedures and processes to assure the timely collection of all delinquent accounts and develop revised loan repayment terms or schedules as necessary.
Keep abreast of new developments and trends in the real estate loan market; identify potential lending opportunities and participate in the development and implementation of plans and programs to respond to those opportunities.
Establish and maintain positive working relationships with businesses, realtors, title companies, builders, CPA’s, attorneys and other organizations to provide information regarding Real Estate lending programs and services.
Maintain educational and professional expertise through attendance at job related seminars, conferences and workshops and involvement in professional, civic and community groups in leadership positions.
Participate in the Bank's business development activities, represent the Bank in industry and professional associations, community organizations, local business groups, etc., and promote the Bank's favorable image through individual and team efforts.
Back up other Mortgage Loan Officers as needed.