Mortgage Loan Originator

Bank Iowa•Clarinda, IA

3d•Onsite

About The Position

The Mortgage Loan Originator is responsible for originating first mortgage loans and the development of new mortgage business through established referral sources and marketing efforts to increase the Bank’s presence and competitiveness with the Bank’s target market. Provides friendly, quality client service and treats clients with respect and dignity, either in person or on the phone.

Requirements

Bachelor's degree, major in business or finance preferred.
3-5 years of residential mortgage loan officer experience is required.
Must have a strong understanding of underwriting criteria, residential market guidelines, and the ability to work independently.
This position requires the team member to register as a mortgage loan originator with the Nationwide Mortgage Licensing System and Registry ("Registry") and to obtain a unique identifier from the Registry before engaging in mortgage loan originator activities, to maintain and renew the registration on an annual basis, and to update registration information with the Registry on a timely basis, and to provide that unique identifier to consumers as required by applicable SAFE Act regulations and the Bank's policies and procedures.
Ability to operate basic office machines including calculator, copy and fax machines.
Computer experience is essential and knowledge of Microsoft Word and Excel is preferred.
Must demonstrate excellent organizational and verbal and written communication skills and problem-solving skills.

Nice To Haves

Ability to exhibit our values; Think Big, Be People-Centered, Enable Great Things, and Bring your Best.
Working knowledge of loan documents, previous experience in servicing real estate loans.

Responsibilities

Develops, fosters and maintains relations with investors, homebuilders, real estate professionals, market representatives and other business development contacts to provide strong sources for loan production.
Assist in formalizing and implementing sales strategies and marketing approaches.
Solicits first mortgage loans, informs prospective loan clients of the Bank's underwriting guidelines and government regulations.
Monitors marketplace and organization sales performance.
Interviews loan applicants, gathers and analyzes relevant financial information, and evaluates loan requests in accordance with Bank policy and lending guidelines.
Completes loan application and all pre-processing functions in a timely manner to ensure good faith estimate is mailed within three-day business period.
Maintains and monitors pipeline reports to ensure volume and quality are consistent with Bank's goals and objectives, policies and procedures.
Research new legislation and regulations that may affect the Bank's lending policy.
Develops and maintain a diverse referral base by establishing an existing and active referral network.
Has access to confidential information about clients and accounts.
Protects the privacy and confidentiality of clients, other team members, and work.
Performs other bank related duties as assigned by supervisor.
Understands and complies with banking regulations by following bank policies and procedures.
Stays abreast of relevant regulations, current industry matters, and any changes implemented internally to ensure compliance.