Real Estate Loan Officer

American State Bank & Trust Company • Williston, ND

106d

About The Position

The position involves assisting prospective borrowers in determining the best course of action to meet and accomplish their housing goals. The role includes originating quality real estate loans and managing the entire loan process with regular communication to all parties involved. The individual will develop and manage real estate loan accounts that meet established lending requirements while minimizing risk, and will be responsible for servicing a personal real estate portfolio.

Requirements

• A bachelor’s degree in business, finance or related field.
• Two years of experience in secondary market programs preferred, including Fannie Mae, VA, FHA, USDA and Housing Finance Agency Lending.
• Five years’ experience in a financial institution, loan department or similar area.
• Extensive knowledge of financial institution policies and procedures.
• Extensive knowledge of residential real estate lending practices and related areas.
• Good managerial, communication and public relations skills.

Responsibilities

• Interview residential loan applicants; determine best program options according to their qualifications.
• Originates quality loan applications meeting all Federal and State compliance requirements for initial disclosure.
• Obtains and analyzes necessary financial information to process and underwrite loans.
• Prepares and presents loans to the Loan Committee and upper management as applicable, after full review according to the terms and conditions of ASBT’s Loan Policy.
• Oversees entire loan process thru closing in keeping with ASBT policies and procedures, maintaining communication with all parties.
• Participates in the development of current residential lending marketing programs for the institution’s products and services.
• Provides input to management to streamline and improve residential loan services for the benefit of the customer and the financial institution.
• Provide loan status reports and offer recommendations and actions to improve loan strategies when necessary.
• Actively participates in local business and community activities and maintains close contact with local builders, real estate brokers and agents, customers and prospects.
• Maintain Federal NMLS license.
• Complete all initial and annual training requirements as outlined by ASBT.
• Perform all other duties as required, consistent with the goals, objectives and responsibilities of the Lending function.

What This Job Offers

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