Senior Loan Consultant

Farmers and Merchants Bank of Long Beach•Seal Beach, CA

33d

About The Position

The Senior Loan Consultant is a seasoned financial professional responsible for originating, managing and coordinating the closing of consumer residential loans in compliance with the Bank’s lending policies, procedures, and agency and investor guidelines. The Senior Loan Consultant acts as an advisor, analyzing applicant creditworthiness, educating clients on loan products, and ensuring compliance with regulations. Key responsibilities include contacting branch referrals, generating leads, educating branch staff, networking with local real estate professionals, and guiding clients through the loan process.

Requirements

Privacy Laws
Bank Secrecy Act
Minimum ten years loan origination and loan pricing experience.
Working knowledge of:
Regulation Z / Truth In Lending Act (TILA)
Regulation X / Real Estate Settlement Procedures Act (RESPA)
Regulation B / Equal Credit Opportunity Act (ECOA)
Regulation V / Fair Credit Reporting Act (FCRA)
Regulation C / Home Mortgage Disclosure Act (HMDA)
Regulation G / Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act)
Fair Lending: ECOA, Fair Housing Act, California Holden Act, and California Unruh Act
Basic underwriting, compliance, and agency product knowledge
Ability to manage confidential information with discretion.
Ability to perform work requires attention to detail.
Ability to perform simple mathematical calculations.
Excellent time management
Ability to work in a fast-paced environment.
Ability to actively listen and learn.
Ability to respectfully communicate with Supervisors and Co-workers.
Ability and desire to foster and interact in a team environment, and willingness to contribute to team efforts.
Knowledge of all types of loan documentation
Excellent Customer Skills
Excellent Telephone Skills
Excellent Communication skills (verbal & written)
Organizational Skills
Negotiation Skills
Thoroughness
Critical Thinking, Judgment & Problem-Solving Skills.
High School Diploma or equivalent required
Minimum 5 years loan origination
Maintaining an active loan originator ID issued through the National Mortgage Licensing System (NMLS) Registry is a mandatory requirement of this position.
Employees holding sensitive positions are required to be absent from their duties for a minimum of two consecutive weeks each year.

Nice To Haves

Associate degree or bachelor’s degree in finance/business preferred.

Responsibilities

Originate and manage a pipeline of mortgage loans from application to closing, ensuring compliance with company policies, procedures and industry regulations.
Stay informed about market trends, changes in the industry and regulatory updates to maintain a competitive edge and ensure compliance.
Advise borrowers on financial status, explain mortgage terms in detail, and structure loan packages to fit individual needs.
Provide exceptional customer service throughout the loan process, addressing inquiries through assigned branch offices, and resolving issues promptly and professionally.
Evaluate complex loan applications, credit history, and financial documents.
Responsible for visiting assigned branches and conducting regular branch staff training sessions along with the Residential Lending team.
Participate in the department’s goal setting program and requirements set forth by executive management.
Build and maintain relationships with branch staff, real estate agents, networking with local professionals and grow referral networks.
Maintain consistent communication with branch staff, department personnel, borrowers and management as needed to ensure clear communication throughout the loan process.
Work closely with processing and underwriting teams to coordinate the verification of financial documents, credit reports, and asset statements, to accelerate the approval process.
Other duties as assigned by management. Employees must be willing to assist in all areas of the department.
Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security, and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department. Completes compliance and other technical training workshops as assigned.