Mortgage Loan Officer

CBI Bank & Trust • Roscoe, IL

258d

About The Position

The position of Mortgage Loan Officer is responsible for originating mortgage loans – both in-house and secondary market products. This could include aspects of underwriting and processing those originated mortgages.

Requirements

• Bachelor’s degree from a four year college or university; or six or more years of related experience and/or training; or the equivalent combination of education and experience.
• 1-3 years of Mortgage lending experience.
• Advanced experience, knowledge and training in progressively responsible branch or department operations, management and supervisory activities.
• Intermediate knowledge of general accounting, payroll, budgeting, and related accounting and record keeping systems in a financial institution.
• Advanced knowledge of related state and federal banking compliance regulations, and Bank accounting policies and procedures.
• Typing skills to meet production needs of the position.
• Intermediate math skills; calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
• Exceptional oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, interpret documents, understand procedures, write reports and correspondence, speak clearly to customers and employees.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
• Excellent organizational and time management skills.
• Ability to work with no supervision while performing duties.
• Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.

Responsibilities

• Ensures all loans are closed and processed efficiently and accurately.
• Ensures the preparation and processing of forms and legal documents required for residential loans.
• Reviews and determines acceptability of loan documents received by retail and wholesale loan officers.
• Interview applicants to develop information concerning their needs, desires, and earnings to assist in determining whether the loan will be an acceptable risk; obtains and analyzes pertinent financial and credit data.
• Appraises or arranges for the appraisal of residential properties.
• Arranges for or conducts title searches and obtains necessary documents.
• Approves or rejects loans, referring larger loans to senior officers or a loan committee.
• Follows current loans to ensure compliance with terms.
• Expected to call on realtors, builders, financial professionals, internal bank resources, past customers, nontraditional, and all other referral sources to promote and sustain new business.
• Reviews current operating procedures against market trends and conditions and recommends changes as necessary.
• Negotiates terms and conditions with mortgagors including pricing, amortization, fees, funding source, etc.
• Keeps informed on trends and development in the local real estate market as well as the changes in rules and regulations pertaining to both private and government insured mortgages.
• Participates in tasks, projects, or assignments as may be directed by senior management.
• Maintain up-to-date knowledge of underwriting and government regulations.
• Provides quality service to customers and prospective customers seeking residential mortgage loans.
• Provides supervision and support to all areas of the department and other areas of responsibility where service or assistance is needed; oversees activities of department personnel; opens and closes the department.
• Maintains advanced knowledge and awareness of financial industry status and trends.
• Meets or exceeds established volume levels and associated fee income which contributes to the overall financial performance of the Bank.
• Actively upholds the organization’s vision, mission and values, encompassing mutual respect, honoring commitments, working with integrity and accepting responsibility for own actions.
• Demonstrates knowledge of and adherence to EEO policy, shows respect and sensitivity for cultural differences, promotes working environment free of harassment of any type.
• Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.
• Has a strong commitment and dedication to internal and external customer service.

Benefits

• Paid Time Off
• 401(k)
• Employee Assistance Program
• On the job training opportunities
• Comprehensive benefit package including medical, dental, vision and more

What This Job Offers

• Education Level: Bachelor's degree
• Number of Employees: 101-250 employees