Residential Loan Officer

Associated Bank•St. Louis, MO

41d•$17 - $26•Onsite

About The Position

Responsible for the origination of regulatory compliant residential loan applications and for developing client referral relationships with realtors, builders, attorneys and other centers of influence. Responsible for expanding and deepening customer relationships by identifying customers' needs and matching their needs with product selections and resources within the colleague's assigned business line and across all business lines of Associated Bank. Monitor the expedient processing of loan applications through regular contact with loan processors and conduct regular pipeline management. This position requires a credit check per 12 CFR Chapter X, Part 1026, Truth in Lending, Regulation Z. Operates in full compliance with internal policies and procedures as well as applicable regulations and laws, including but not limited to Bank Secrecy Act/Anti-Money Laundering and S.A.F.E. Act requirements. Must submit required information to meet registry requirements, obtain a unique identifier, and maintain the registration requirements as directed by the S.A.F.E Act.

Requirements

1-3 years Residential loan processing or origination with a financial institution or mortgage banking company.
Must submit required information to meet registry requirements, obtain a unique identifier, and maintain the registration requirements as directed by the S.A.F.E Act.

Nice To Haves

Bachelor's Degree or equivalent combination of education and experience

Responsibilities

Follow up on leads generated by personal effort, regular contact from within the industry, call-in/walk-in inquiries, in addition to the support enhancements from Bank advertising, and direct mail efforts.
Conduct regulatory compliant loan pre-qualification interview. Explain and recommend the most appropriate available loan programs, based on a pre-qualification interview. Maintain a file of loan leads that do not immediately result in a formal application. Follow up on leads regularly until they apply for a loan with the Bank, apply for a loan with another lender, or withdraw from the mortgage market.
Accept regulatory compliant residential mortgage loan applications from customers. Review applications for compliance with Bank, industry, and agency guidelines. Notify in a timely manner those applicants who do not qualify. Begin the processing of qualified applications as quickly as possible. Monitor the processing of the loan in accordance with Bank policies and procedures.
Active solicitation and origination of mortgage loan programs to all prospective borrowers including in low to moderate areas, and low to moderate income individuals. You will serve as the liaison to local, state, and federal government agencies, as well as not for profit community development groups.
Identify needs and cross-sell other Bank products and services to established cross-sale targets including checking accounts, savings accounts, home equity loans/lines, and mortgage life & disability insurance, or refer customers to business partners within and across line of business who can best meet those needs.
Promote the Bank's loan programs in the community through regular contact with real estate realtors, builders, attorneys, and other centers of influence.
Prepare records and reports as requested regarding loan solicitation, origination, and closing activities.