What are the responsibilities and job description for the Mortgage Loan Originator position at Prevail Bank?
Position Summary:
The Mortgage Loan Originator is responsible for the origination of mortgage loans as well as conducting loan closings, ensure the accuracy of their files while following regulatory compliance standards. Is responsible for developing new business by building and maintaining relationships with real estate agents, builders/contractors, centers of influence, and other organizations in the community.
Duties and Responsibilities
- Must be knowledgeable of Prevail’s residential lending process from origination to closing
- Be knowledgeable of various loan types and programs available to borrowers
- Understand banking regulations
- Meet with applicants to obtain information for loan applications
- Work with loan origination software to input customer information
- Understand the loan process and paperwork involved
- Understand and promote bank lending and deposit services
- Meet individual sales goals as well as assist with bank and branch goals
- Review and update loan files
- Compute payment and amortization schedules
- Be active in the community by joining clubs or assisting organizations
- Participate in special projects or assignments as necessary
- Perform other duties as required to fulfill the responsibilities of the position
- Follow procedures and policies that ensure compliance with not only Bank policies and procedures, but also all applicable federal and state banking regulatory agency policies
- Comply with bank standards for attendance and hours of work
Qualifications
Education/Experience:
Two years related business experience. This job requires skills needed in a typical office environment. This includes Microsoft Word and Excel skills, communications skills, as well as utilization of office equipment.
The Secure and Fair Enforcement (S.A.F.E.) Act statute require that individual mortgage loan originators be registered with the National Mortgage Licensing System and Registry.
Skills and Abilities:
Adaptability:
- Able to adjust quickly to different work situations; remain composed under pressure and in stressful situations.
Attention to Detail:
- Regard for important details to assure accuracy in every transaction performed; detect errors; follow through on corrections and details.
Change Management:
- Must embrace change and see change as opportunity. Must be willing to express and support management's ideas to affected staff.
Customer Orientation:
- Respond sensitively to the needs and priorities of the customer; recognize and take appropriate action to meet their needs; establish an effective working relationship with customers to gain their respect and loyalty.
Oral/Written Communication:
- The ability to express thoughts and ideas in a clear and concise manner, both orally and in written form to a variety of audiences and to all levels of staff.
Professionalism:
- Project a positive image of the bank to all internal and external customers.
Time Management:
- Ability to effectively manage one’s time to complete work according to established deadlines. The ability to prioritize tasks to make the best use of time for high priority tasks.
Team Player:
- Must view oneself as part of an overall team. This includes supporting others throughout the entire bank to achieve the overall goals of the bank.
Working Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Travel:
Valid driver’s license required for travel to Bank offices, training sessions, customer meetings, Bank and community meetings, etc.
Physical Requirements
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description in no way states or implies that these are the only duties to be performed by the employee occupying this position. Employees may be required to follow other job-related instructions and to perform other job-related duties as requested, subject to all applicable state and federal laws. Certain job functions described herein may be subjected to possible modification in accordance with applicable state and federal laws. There are different experiences that suggest other ways or circumstances where reasonable changes or accommodations are appropriate. All activities, demands, conditions, and requirements are linked to duties and responsibilities.
Job Description subject to change at any time at the discretion of management.