Senior Mortgage Loan Officer

External Candidates Only•Heath, TX

13d•Onsite

About The Position

The Senior Mortgage Loan Officer is accountable for originating residential mortgage loans, pre-qualifying the creditworthiness and the ability of customers to repay loans, servicing these loans to meet or exceed the Bank's credit quality, profitability and growth and service objectives. The individual is responsible for referring customers to the appropriate banker for the cross-sale of products and services. Create, develops, and maintains relationships with referral and industry sources for the origination of investment quality mortgage loans in order to maximize volume and income and meet banking center profitability goals Interfaces with the borrower as necessary to take and document a complete and accurate loan application and determines creditworthiness by analyzing customers' financial condition, examining and evaluating the acceptability of collateral, and determining the capacity of the customer to repay the loan Sets expectations for the borrow as to the processes required for loan approval and terms of the loan applied for, and communicates with the borrower throughout the loan process, approval and closing stages Responds to customer inquiries and generates from both their own contacts and from other bank businesses channels, as well as identifies and generates referrals for other bank services Advises applicants of options available to them, explains the difference between various types of mortgages, and negotiates terms and conditions of the loan Keeps up-to-date with conditions in the local real estate market and with changes in rules and regulations pertaining to both private and government-insured mortgages Position subject to SAFE Act registration requirements

Requirements

3-5 years of relevant experience in residential construction and permanent lending with compliance training and knowledge or the equivalent.
Knowledge of real estate laws and FNMA selling and servicing guidelines.
Valid driver's license, clean driving record, and reliable transportation for making outside sales calls.
Registration with the National Mortgage Licensing and Registry (NMLS) is required.
Working knowledge of Microsoft Excel and MS Word.
Basic keyboarding and calculator skills.
Ability to do simple math and carry out written instructions.

Nice To Haves

Bilingual in English and Spanish is encouraged.

Responsibilities

Originate residential mortgage loans.
Pre-qualify customers' creditworthiness and ability to repay loans.
Service loans to meet or exceed the Bank's credit quality, profitability, growth, and service objectives.
Refer customers to appropriate bankers for cross-selling of products and services.
Create, develop, and maintain relationships with referral and industry sources for the origination of investment quality mortgage loans.
Maximize volume and income and meet banking center profitability goals.
Interface with the borrower to take and document a complete and accurate loan application.
Determine creditworthiness by analyzing customers' financial condition, examining and evaluating collateral acceptability, and determining the customer's capacity to repay the loan.
Set expectations for the borrower regarding loan approval processes and terms.
Communicate with the borrower throughout the loan process, approval, and closing stages.
Respond to customer inquiries.
Generate business from own contacts and other bank business channels.
Identify and generate referrals for other bank services.
Advise applicants of available options.
Explain the differences between various types of mortgages.
Negotiate terms and conditions of the loan.
Keep up-to-date with local real estate market conditions and changes in rules and regulations for private and government-insured mortgages.