What are the responsibilities and job description for the Mortgage Loan Originator position at CB&S Bank?
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.