What are the responsibilities and job description for the Mortgage Banker position at Northwest Bank?
Job Description
The Mortgage Banker is responsible originating high-quality mortgage and equity loans, while providing excellent service to borrowers and referral sources. This individual also cross-sells bank products and services, while participating as an active member of regional teams.
Essential Functions:
Originate permanent conventional and FHA/VA/RD residential mortgage loans, with purposes of purchase, refinance and construction for the centralized channel (Internet, phone, LOS/CRM referrals), home equity loans and lines of credit for the centralized channel (Internet, phone, LOS/CRM referrals), and obtain appropriate financial and credit data to properly disclose and analyze level of risk
Assist with borrower communication for construction loan overflow
Manage mortgage activity according to bank strategies
Interview borrowers to initiate complete, accurate and timely loan applications and disclosures
Meet timelines associated with regulatory disclosures
Work with processing center to streamline the process from application to closing
Maintain thorough knowledge of core lending products and rate/fee structure, thorough knowledge of loan origination system, and working knowledge of related systems
Understand borrower needs and recommending appropriate loan products
Comply to investor, insurer, and bank policies and procedures
Understand and comply with mortgage industry regulations, including the Qualified Mortgage, Dodd-Frank, Home Mortgage Disclosure Act, Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, Mortgage Disclosure Improvement Act, Truth-in-Lending laws, etc.
Keep informed of changing rules and regulations, and local real estate and economic trends and developments that may affect loan quality or production
Exercise good credit judgment to decision loans within the Retail Loan Policy and individual loan authority limits
Ensure loan decisions and recommendations are based on accurate information
Manage confidential and sensitive information appropriately
Respond to Quality Control reviews in a timely manner
Monitor and understand performance of individual portfolio
Pro-actively call on abandoned mortgage online applications
Respond to online requests for contact via Northwest website
Maintain thorough knowledge of all Northwest products and services and actively recommending cross-selling opportunities, and of competitor products and recommending enhancements to NWSB products
Promote and maintain a favorable image for the Bank, and customer loyalty by providing superior service to each customer and referral source
Work cooperatively with referral sources and mortgage production staff
Project professional image that inspires confidence and trust
Manage flexible schedule to meet customer needs
Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
Work as part of a team
Work with on-site equipment
Qualifications:
Bachelor's Degree in related subject preferred
Registration with NMLSR and annual renewal
Registering with the Registry and maintain registration
Obtaining a unique identifier through the Registry
Providing MLO unique identifiers to consumers Upon Hire
Education:
Bachelor's Degree in related area of study preferred
Work Experience:
3 - 5 years lending/banking experience, knowledge of secondary market and regulatory guidelines, customer service and sales experience
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Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.