18 days ago

Burke & Herbert Bank; Richmond (VA); On-site; USD 60,000 - 120,000; Full time

Job summary

Burke & Herbert Bank seeks a Mortgage Loan Officer to originate residential loans and manage the full loan process from application to closing. The role requires strong credit analysis, customer communication, and knowledge of government and conventional loan programs.

The candidate will develop sources of business, input applications into Encompass, and coordinate with underwriters and investors to ensure timely closings. This is a commission-based role with high earnings potential.

Qualifications

• Minimum 1 year mortgage loan sales experience and active NMLS number.
• Origination and sales experience.
• Knowledge of FHA, VA, USDA, VHDA lending programs.
• Ability to analyze credit information and ensure compliance with guidelines.
• Strong attention to data integrity and accuracy.

Responsibilities

• Develop loan applications sources through branches, realtors, builders, and professionals.
• Handle 1003 Residential Loan Application and collect all data.
• Input data into Encompass LOS and submit to decision engines.
• Price and lock rate with investors per pricing expectations.
• Call on branches and generate new business leads for the bank.
• Maintain compliance with lending regulations and timelines.

Skills

Mortgage lending

Credit analysis

Customer communication

Deal closing

Independent work

Compliance knowledge

Data integrity

Education

Active NMLS license

Origination and sales experience

Tools

Encompass

Desktop Underwriter

Loan Prospector

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Mortgage Loan Officer

339 Mortgage Admin Richmond, VA, US

19 days ago Requisition ID: 2467

It is the responsibility of the Mortgage Loan Officer to be able to handle all functions of originating a loan.

Essential Functions
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Origination Requirements

• Develop application sources through internal and external centers of influence including but not limited to: Burke & Herbert Bank branches, realtors, builders, stockbrokers, financial planners, attorneys, accountants and past customers.
• Develop new business from personal and nontraditional resources.
• Work independently.
• Complete 1003 Residential Loan Application.
• Collect all data and documents necessary to process the application. Assign loan number.
• In-put or upload application information into Loan Origination System, Encompass.
• Submit to Desktop Underwriter™, Loan Prospector™ or other decision engine.
• Issue initial disclosures accurately and in a timely manner.
• Follow up on conditions necessary to close or decline loan as requested.
• Price and lock interest rate with investor, meeting Burke and Herbert Bank pricing expectations.
• Monitor lock expiration dates for closing and delivery.

Other Banking Requirements

• Call on Burke & Herbert Bank branches in assigned territory.
• Make introduction of all market applicants to appropriate Burke & Herbert Bank personnel. Generate new leads for the Bank from outside sources.
• In consultation with Burke & Herbert Bank personnel, explore opportunities for cross-sell of other Burke & Herbert Bank products.
• Collect fees in accordance with Burke & Herbert Bank standards.
• Participate, as requested, in opportunities to promote the Burke & Herbert Bank.
• Maintains lending compliance including but not limited to: early disclosures, government monitoring, high priced mortgage loans documentation, and customer information procedures.

Closed Loan Requirements

• Expected minimum closed loan volume of $1,000,000 per month after 60 days.

Skills/Abilities

• A Mortgage Loan Officer must be able to communicate and work well with the public.
• Must have the ability to analyze credit information necessary to originate and assist in processing a residential loan application.
• Individual must have knowledge of lending compliance requirements and general knowledge of conventional and government loans available to the consumer.
• Must be resourceful and have the ability to work with secondary market investors insuring all loans meet established guidelines.
• Must be extremely detailed oriented to insure accuracy of data supporting loan files.
• Data integrity must never be compromised.
• Must have ability to work independently inside and outside the office, manage loan pipeline, follow-up with borrowers, Burke & Herbert Bank partners, and sources of business.
• Work to ensure timely loan closings.
• High Level of experience with FHA – VA – USDA and VHDA.

Education and Experience

• At least 1 year of mortgage loan sales and an active NMLS number
• Origination and sales experience.

This position is classified as Exempt under the Fair Labor Standard Act. Mortgage Loan Officers must be customarily and regularly engaged in making sales away from the bank’s places of business. Compensation for this position is 100% commission based.

Supervisory Responsibility

This position has no supervisory responsibilities.

This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.

Physical Demands

This position requires manual dexterity, the ability to lift files and opening cabinets. This position requires bending, stooping or standing as necessary.

Travel

Travel may be required for this position.

Equal Opportunity/Affirmative Action Employer M/F/disability/protected veteran status

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.