1 Mortgage Loan Originator Job in Russellville, AL
CB&S Bank is Hiring a Mortgage Loan Originator Near Russellville, AL
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 Summary
Full Time
$44k-59k (estimate)
06/17/2024
07/02/2024
The following is the career advancement route for Mortgage Loan Originator positions, which can be used as a reference in future career path planning. As a Mortgage Loan Originator, it can be promoted into senior positions as a Mortgage Loan Officer III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Mortgage Loan Originator. You can explore the career advancement for a Mortgage Loan Originator below and select your interested title to get hiring information.
If you are interested in becoming a Mortgage Loan Originator, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Mortgage Loan Originator for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Mortgage Loan Originator job description and responsibilities
Mortgage loan officers also collect and verify all required financial documentation from applicants.
02/28/2022: Santa Rosa, CA
This person helps the home buyer or refinancer choose a loan, and understand all the rates and terms associated.
12/28/2021: Bremerton, WA
Experienced originators learn the field and know how the system works.
01/24/2022: High Point, NC
Good mortgage loan originators will go out of their way to make sure that their clients understand what the mortgage process entails, especially first-time home buyers.
02/14/2022: Paramus, NJ
As a mortgage loan originator, Alter will be responsible for originating mortgage purchases, refinances and home equity loans.
01/21/2022: Carson City, NV
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Mortgage Loan Originator jobs
Good loan originators typically work hard to develop new business opportunities whenever possible.
02/25/2022: Vineland, NJ
Monitor the application process.
02/15/2022: Greenville, MS
Loan Officers Genuinely Help People.
02/09/2022: Saginaw, MI
Three to five years experience as a Real Estate Loan Originator.
02/09/2022: Lebanon, PA
Employers typically prefer those possessing the following skills – a strong understanding of state and federal laws, ability to check the accuracy of the applications; good knowledge of accounting and finance, a solid understanding of how sales pipelines
01/27/2022: Idaho Falls, ID
Step 3: View the best colleges and universities for Mortgage Loan Originator.
