What are the responsibilities and job description for the Junior Mortgage Loan Originator- Fairbanks, AK position at Northrim Bank?
We are looking for professional and knowledgeable employees who take pride in their work. We believe in providing value for our customers and communities.
Employee Benefits:
- Medical, Dental and Vision insurance, including FSA (Flex Spending Account)
- Paid Time Off to include select paid holidays
- Retirement Benefits with generous 401K match
Some Other Favorite Employee Benefits Include
Paid Parental Leave, Education Assistance, Employee Assistance Program, Employee Wellness Program and much more!
Position Summary
The Junior Mortgage Loan Originator assists Mortgage Loan Originators in making sales calls and presentations to prospective real estate agents, builders, and business partners to develop a long-term relationships. Main duties include assisting in the loan process by verifying information in loan files, ordering documents needed, updating information on the computer system.
The following duties are intended to provide a representative summary of the major duties and responsibilities and ARE NOT intended to serve as a comprehensive list of all duties performed by all employees in this classification. Incumbent(s) may not be required to perform all duties listed and may be required to perform additional duties.
Essential Duties and Responsibilities
- Conduct the loan interview and secure the customer information necessary to initiate a loan transaction. Provide loan information and service to customers, realtors, and others as needed.
- Perform pre-approval analysis of new mortgage applications including reviewing income documents, asset documents, tax returns, credit reports, Automated Underwriting System findings.
- Based on specific investor guidelines, determine if the borrower(s) qualify for the loan program applied for.
- Set up mortgage application files and request verification of all information received in the mortgage loan application via letters to employers, banks, creditors or by alternative documentation acceptable to the secondary market. Perform necessary follow up, order credit reports, appraisals, and prelims as needed.
- Arrange for the pickup and delivery of documents, brochures, loan packages and other miscellaneous items, as needed.
- Develop and maintain knowledge of trends and developments in the local real estate market, current and predicted lending rates, and changes in rules, regulations, and best practices of various mortgages.
- Develop and maintains contacts with local realtors, developers, and builders to promote and encourage the use of bank services for residential mortgages.
- Performs general clerical and administrative support for Mortgage Loan Originators, including answering phone calls, filing, photocopying, typing, managing calendars and contacts, ordering supplies, receiving and distributing mail, and delivering loan documents as needed.
- Follow applicable state & federal laws and regulations.
- Comply with company, FNMA, FHLMC, FHA, VA and industry standard rules and guidelines.
- Other duties as assigned.
Qualifications
Education
- High School Diploma or equivalent.
Experience
- Three years of relevant experience in sales, customer service, or financial institution.
- One year of lending experience preferred.
- Sales/account management experience preferred.
- Related military education/experience may be used as a substitute for education or work experience.
Licenses & Certifications
- Valid driver’s license and reliable transportation.
- Registration and annual certification with the National Mortgage Loan Licensing Registry required within 1 year of hire.
Knowledge & Communication Skills
- Exceptional communicator with the talent to easily identify issues, problems or concerns and mentor staff to self-discover resolutions and solutions.
- Ability to effectively present information and respond to questions.
- Excellent organizational skills and attention to detail.
- Thorough understanding of Federal Housing Authority (FHA), Veterans Affairs (VA), Federal National Mortgage (Fannie Mae), Alaska Housing Finance Corporation (AHFC), and other types of construction and conventional loans.
Analytical & Decision Making Skills
- Ability to read, analyze, and interpret financial statements, income tax returns, investor policies, and governmental regulations.
- Ability to manage priorities and workflow.
- Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
Computer/Software/Other Equipment Skills
- Intermediate knowledge of MS Office Suite, including Word, Excel, PowerPoint, and Outlook. Ability to operate standard office equipment such as PC, printer, fax/copier, and telephone.
Working Conditions
- The noise level in the work environment is usually moderate.
- Work is performed in a professional office environment.
Physical Demands
Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs. Must be capable of climbing/descending stairs in emergency situation. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours whenever required or requested by management. Must be capable of regular, reliable and timely attendance.
This job description is not an employment agreement or contract. Residential Mortgage, LLC reserves the right to revise this job description at any time without notice.
