What are the responsibilities and job description for the Mortgage Advisor position at FIRST STATE BANK?
Summary:
The Mortgage Advisor is responsible for originating residential mortgage loans in accordance with bank policies, investor guidelines, and regulatory standards. This role requires expertise in Conventional, FHA, VA, USDA, and non-agency loan products, as well as proficiency in utilizing automated underwriting systems such as Fannie Mae Desktop Underwriter (DU) and Freddie Mac Loan Product Advisor (LPA). The ideal candidate will demonstrate a strong commitment to delivering exceptional service to both internally referred clients and self-generated prospects, with a focus on relationship management and client retention.
Essential Job Duties & Responsibilities:
- Originate residential mortgage loans by conducting in-depth consultations with prospective borrowers to evaluate their financial needs and recommend suitable loan products.
- Serve as a primary point of contact, delivering consistent, high-quality service that strengthens client trust and maximizes retention.
- Generate additional loan production through proactive networking, relationship-building, and business development within the community and among referral partners.
- Accurately assess applicants’ financial information, credit standing, and eligibility across a wide range of mortgage products including Conventional, FHA, VA, USDA, and non-agency programs.
- Run, analyze, and interpret findings using Fannie Mae Desktop Underwriter (DU) and Freddie Mac Loan Product Advisor (LPA), ensuring compliance with applicable guidelines and loan eligibility requirements.
- Maintain consistent communication with borrowers throughout the loan process to ensure transparency, timely updates, and a seamless customer experience.
- Collaborate with internal departments including processing, underwriting, and closing to ensure efficient and compliant loan origination.
- Remain informed on current industry regulations, investor requirements, and product changes to provide accurate guidance to borrowers and referral sources.
Knowledge, Skills & Abilities:
- High school diploma or GED required.
- Strong computer skills.
- Excellent interpersonal and communication skills.
- Strong skills in working efficiently under time limitations.
- Advanced math and calculation skills.
Other duties as assigned.
This job description is subject to change at any time.