Mortgage Loan Originator

Glacier Bancorp, Inc.•Spokane Valley, WA

About The Position

The Residential Loan Officer originates, examines, evaluates, and authorizes or recommends approval of customer applications for lines of credit and real estate loans from self-generated leads and sources. Under the direction of the Director of Residential Lending, the role supports Wheatland Bank’s mission and promotes high-energy teamwork with a “can do” mentality. Compensation is $17.13 per hour plus commissions based on individual production. The stated commission range is $0–$350,000 annually. Employees participate in the MLO incentive plan upon starting employment. Minimum production levels are $400,000 per month and $4.8 million annually. The position requires National Mortgage Licensing System and Registry (NMLS) registration under the SAFE Act of 2008. After starting employment, the employee must register or transfer an existing registration to Wheatland Bank and complete annual re-registration. Continued employment is contingent on successful registration.

Requirements

High school diploma or GED.
Three to five years of residential lending experience using self-generated leads, with a minimum of $8 million in annual production volume, including secondary market experience; underwriting skills; and seller and servicer background; or similar experience requiring strong business knowledge and credit judgment, or an equivalent combination of education and experience.
Meet minimum production levels of $400,000 per month and $4.8 million annually.
Obtain and maintain NMLS registration under the SAFE Act of 2008, including required annual re-registration.
Be legally authorized to work in the United States; the company does not sponsor work visas.

Responsibilities

Originate, review, process, close, and administer loan proposals.
Interview mortgage loan applicants and request information needed for loan applications.
Conduct business development to increase recurring production, including maintaining a client base and conducting client and customer calling and monitoring activities.
Develop and maintain relationships with real estate agents.
Analyze applicants’ financial status, credit, and property evaluations to assess loan feasibility; submit applications to processing or underwriting for verification and recommendation.
Enter complete and accurate loan application information and ensure compliance with company policies.
Manage rate locks, issuance of disclosures, overages and underages, and fee waivers.
Analyze potential loan markets and develop prospects for new loans.
Help define existing loan products and develop new products to improve profitability and sales execution.
Support strategic plans implemented by management.
Monitor and manage the loan pipeline according to critical dates, quality-packaging requirements, secondary market requirements, and bank priorities.
Submit status reports to Executive Leadership as requested.