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Owens Cross Roads

    Mortgage Loan Originator - Owens Cross Roads, United States - CB&S Bank

    CB&S Bank
    CB&S Bank Owens Cross Roads, United States

    1 week ago

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    Description

    Job Description

    Job Description

    GENERAL FUNCTION OF MORTGAGE LOAN ORIGINATOR:

    Originates and manages a pipeline of secondary market mortgage loan applications and closes an acceptable volume of quality loans.

    MAJOR DUTIES AND RESPONSIBILITIES OF MORTGAGE LOAN ORIGINATOR:

    • Attracts new mortgage loan applications and retains existing business by developing relationships within builder and/or realtor communities.
    • Advises borrowers on loan products by examining application and supporting documentation, and pre-qualifying for credit-worthiness. Provides guidance and information relevant to the risks and benefits of each program the borrower is qualified for; effectively communicate the terms of each product.
    • Meets mortgage loan operational standards by implementing and maintaining productivity, quality, customer-service standards and problem resolution.
    • Evaluates loan requests, analyzes financial data and determines qualification of collateral and customer credit history.
    • Structures loan to comply with acceptable lending practices and Federal regulations.
    • Prepares files for underwriting, loan committee, private mortgage insurance company and investor including preparation of loan approval sheet.
    • Cross-sells other bank products and services.
    • Maintains knowledge and follows all bank policies and procedures related to processing, underwriting, and closing of loans.
    • Executes consultative sales strategies to drive exceptional service and create trusted relationships.

    JOB QUALIFICATIONS OF MORTGAGE LOAN ORIGINATOR:

    • Minimum 3 years of experience in mortgage origination or equivalent.
    • Hold applicable licenses, as required.
    • An advanced understanding of mortgage products and the ability to comprehend and implement complex financial concepts related to residential mortgage lending.
    • Thorough knowledge of mortgage products and services offered as well as market trends.
    • Knowledgeable on agency and investor regulations and guidelines.
    • Excellent verbal/written communication skills.
    • Good organizational skills.
    • Ability to learn and adapt to market changes quickly.
    • Ability to build strong relationships with production, underwriting, closing and other internal and external partners.
    Job Posted by ApplicantPro

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