Mortgage Loan Originator

Centennial Bank•Foley, AL

About The Position

The Mortgage Loan Originator solicits residential first mortgages through contacts with Realtors, builders, and developers. The role interviews loan applicants, makes credit decisions, handles referrals, and develops referral contacts within the bank region. The MLO works with an assigned branch office to promote awareness of home loan products and provides follow-up on branch referrals. The position analyzes applicants’ financial data, takes borrower applications, gathers required documentation, and delivers complete loan packages to the processor in a timely manner. It also involves maintaining knowledge of loan products, processing procedures, and underwriting guidelines; using communications and systems to access daily rates, credit reports, and DU responses and transmit information to the processor; and maintaining customer service while managing applicant and support staff expectations. The position attends required lending meetings and completes BSA/AML and other compliance training as necessary.

Requirements

Broad knowledge of fields such as accounting, marketing, business administration, or finance, equivalent to a four-year college degree, plus four years of related experience and/or training and two years of related management experience, or an equivalent combination of education and experience.
Ability to read, analyze, and understand general business or company-related articles and professional journals.
Ability to speak effectively before groups of customers or employees.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume, and apply concepts such as fractions, ratios, and proportions to practical situations.
Ability to solve practical problems and deal with a variety of known variables where limited standardization exists.
Ability to interpret instructions furnished in written, oral, or diagram formats.
Intermediate software skills in 10-Key and Accounting.

Responsibilities

Work with the assigned branch office to ensure awareness of home loan products.
Handle referrals from the branch office and provide appropriate follow-up.
Develop referral contacts, including Realtors, builders, and professional and personal contacts.
Analyze financial data to determine creditworthiness.
Maintain knowledge of available loan products, processing procedures, and underwriting guidelines.
Take borrower applications.
Use communication systems and access daily rates, credit reports, and DU responses, and transmit information to the processor.
Collect appropriate documentation from each applicant and deliver the loan package to the processor in a timely manner.
Maintain high levels of customer service while managing the expectations of applicants and support staff.
Attend and participate in required lending meetings.
Complete BSA/AML training and other compliance training as necessary.
Perform other related duties as required or assigned.