Residential Mortgage Loan Officer

Unity Bank•Clinton, NJ

15d

About The Position

The Mortgage Loan Officer is responsible for managing and growing profitable residential lending relationships. The incumbent will be responsible for originating and pre-qualifying mortgage loans, ensuring that goals are met, adhering to all applicable policies and procedures, and satisfying customer needs.

Requirements

High school diploma.
Five years of experience in mortgage lending.
Must have existing book of business.
NMLS registration.
Excellent computer skills in a Microsoft Windows environment including proficiency in Word and Excel.
Thorough knowledge of mortgage laws, federal and state, as well as Fannie Mae, Freddie Mac & FHA guidelines.
Knowledge of loan origination systems.
Knowledge of market trends in the mortgage industry.
Ability to ascertain customer needs and advise on appropriate products and services.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume.
Ability to read, analyze, and interpret legal documents, governmental regulations, and professional publications.
Ability to effectively present information and respond to inquiries from senior management, attorneys, vendors, government agents, and the general public; ability to write reports and business correspondence.
Ability to apply common sense understanding to carry out written and oral instructions.
Ability to deal with problems involving several concrete variables in standardized situations.
Ability to work independently with little supervision.

Responsibilities

Responsible for originating self-generated mortgage loans in addition to loans referred by Unity Bank referral sources.
Conduct evaluations of borrowers' financial statuses.
Counsel prospective borrowers to assist them in obtaining mortgage financing and maintain regular contact with borrower(s) once a pre-qualification has been issued.
Assist mortgage operations in obtaining documentation for underwriting and closing of submitted applications.
Provide bank personnel and customers with information on current interest rates and new mortgage products .
Actively enhance the financial relationship of the mortgagee by cross selling Unity Bank products and services where applicable.
Contact and develop interpersonal relationships with prospective lead sources such as real estate professionals and prospective borrowers.
Work towards meeting targets set by management.
Generate leads in the local area through existing customers and other lead sources such as networking and community events.
Maintain knowledge of current bank products and mortgage lending laws and guidelines.