Residential Loan Originator - Commissioned

Arundel Federal Savings Bank•Annapolis, MD

34d

About The Position

Arundel Federal Savings Bank located in Anne Arundel County seeks a Residential Loan Originator to market and procure residential mortgage loans using sound banking practices. Performs all duties of a Mortgage Loan Originator including, but not limited to, interviewing and counseling customers/potential customers, origination of applications, pre-qualifications, file maintenance and record keeping. Commission can be earned in addition to hourly pay. Is this the job for you? Are you inquisitive, enjoy helping people and have an eye for detail? Are you a problem solver, able to think critically, and skilled at communicating with a variety of audiences? If so, this may be the job for you. As the Residential Loan Originator, you will be responsible for: Develops new business by contacting and developing relationships with residential home builders, Realtors, attorneys, CPA’s, and financial advisors. Cross sells all Bank services, as appropriate. Originates conforming/non-conforming residential mortgage applications by phone fax, email, online channels and in person. Activities include but are not limited to: counseling customers on various mortgage products and taking customer applications. Compiles documentation to support borrower income, employment, assets, down payments, and debts. Ensures that all applications are complete, including preparation and issuance of required disclosures, etc. Prepares initial mortgage applications for submission to set up processing, including but not limited to: income analysis, initial calculations of debt and LTV ratios, reviewing mortgage credit report and overall preparation of file to be advanced to loan setup. Maintains loan documentation in customers file, ensuring all policies and procedures of the Bank are followed. Updates loan records as required. Reviews files to ensure that all required documents are present and accounted for. Prepares pre-qualification letters to assist customers in purchasing and financing their new homes. Performs other mortgage origination, sales, and administrative related duties as assigned by the VP of Residential Lending and/or the Asst VP of Residential Lending. Utilizes tact and experience-based knowledge to resolve customer (internal and external) problems by explaining specific policies and products while representing the Bank in a professional manner and maintaining positive customer relations. Responsible for applying requirements relating to Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), and Customer Identification Program (CIP) including Beneficial Ownership (BO). Responsible for applying all the regulatory requirements during the performance of the job duties as assigned. Complete all annual required BSA and other bank compliance training as assigned in a timely manner.

Requirements

High school degree or equivalent (GED).
Minimum three years’ experience in mortgage banking; experience as loan officer/originator preferred.
Demonstrated understanding of entire mortgage loan process from sales origination through post- closing.
Demonstrated knowledge of mortgage policies and procedures, compliance, and federal/state regulations.
Must be certified and in good standing with the National Mortgage Licensing System (NMLS) or eligible for registration.
Notary Public.
Knowledge of industry standard guidelines.
Excellent organizational, analytical, and problem-solving skills.
Attention to detail.
Excellent verbal, written, telephone and interpersonal communication skills.
Must possess a strong service orientation and willingness to sell products and services.
PC proficient, including Microsoft Office (Word, Excel, Outlook) and the Internet.
Ability to handle multiple projects/priorities and produced required results.
Local travel required.
Ability to function in a financial institution branch environment and use standard office equipment, including, but not limited to: PC, fax, copier, telephone.
Ability to lift up to 25 lbs. (i.e., file boxes).

Nice To Haves

Knowledge of Encompass Loan Operating Software preferred.

Responsibilities

Develops new business by contacting and developing relationships with residential home builders, Realtors, attorneys, CPA’s, and financial advisors.
Cross sells all Bank services, as appropriate.
Originates conforming/non-conforming residential mortgage applications by phone fax, email, online channels and in person. Activities include but are not limited to: counseling customers on various mortgage products and taking customer applications.
Compiles documentation to support borrower income, employment, assets, down payments, and debts.
Ensures that all applications are complete, including preparation and issuance of required disclosures, etc.
Prepares initial mortgage applications for submission to set up processing, including but not limited to: income analysis, initial calculations of debt and LTV ratios, reviewing mortgage credit report and overall preparation of file to be advanced to loan setup.
Maintains loan documentation in customers file, ensuring all policies and procedures of the Bank are followed.
Updates loan records as required.
Reviews files to ensure that all required documents are present and accounted for.
Prepares pre-qualification letters to assist customers in purchasing and financing their new homes.
Performs other mortgage origination, sales, and administrative related duties as assigned by the VP of Residential Lending and/or the Asst VP of Residential Lending.
Utilizes tact and experience-based knowledge to resolve customer (internal and external) problems by explaining specific policies and products while representing the Bank in a professional manner and maintaining positive customer relations.
Responsible for applying requirements relating to Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), and Customer Identification Program (CIP) including Beneficial Ownership (BO).
Responsible for applying all the regulatory requirements during the performance of the job duties as assigned.
Complete all annual required BSA and other bank compliance training as assigned in a timely manner.