Community Development Mortgage Loan Officer- Saint Paul

CorTrust Bank; Saint Paul (MN); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

401k

Employee Stock Ownership Plan

Insurance

Paid time off

Service awards

Community service opportunities

Stable work environment

Job summary

CorTrust Bank in Saint Paul, MN seeks a Community Development Mortgage Loan Originator to serve local communities and partner with housing authorities.

You will solicit and pre-qualify loan applications, prepare packages for underwriting, and coordinate closing with title companies. The role emphasizes community education and stable base salary with strong benefits.

Qualifications

• Minimum of 1 year in financial services, banking, or mortgage industry required.
• Experience and connections with local housing programs and agencies preferred.
• Ability to work with minimal supervision and adapt to policy changes.

Responsibilities

• Advocate in the community to deepen relationships and market loan products.
• Review borrower requests for pre-qualification and issue pre-qualification letters.
• Review loan applications and explain lending parameters to potential borrowers.
• Partner with local housing authorities and financial literacy programs to navigate housing programs, downpayment and closing cost assistance, grants, and more.
• Coordinate information for underwriting and site visits as needed.
• Prepare and review loan application packages for underwriting and present financial analysis for approval.
• Review loan documents, title, appraisal, and survey prior to closing.
• Coordinate timing of loan funding with borrowers, title company, and realtor.
• Identify additional banking or insurance needs and refer borrowers to Bank partners.
• Other duties may be assigned.

Skills

Mortgage lending

Community outreach

Client relationship

Pre-qualification

Job description

CORTRUST BANK The mission of this bank is to profitably deliver high quality customer service that meets the financial needs of our community, its businesses, and its citizens. No line of financial services is beyond our charter.

CorTrust Bank is seeking a Community Development Mortgage Loan Originator to serve our communities in St. Paul!

As a Community Development Mortgage Loan Originator, you will work closely with local housing authorities and financial literacy programs to ensure applicants are fully educated on loan and assistance programs in their area. You will advocate in the community and build relationships with clients. You will solicit and pre-qualify loan applications, prepare credit application packages, and present requests to underwriting for approval. You will review loan documents and prepare them for closing. This unique opportunity allows for a regular, generous base salary in lieu of a typical commission structure. Additionally, we're proud to offer a compensation package that includes a 401k, Employee Stock Ownership Plan, insurance, paid time off, service awards, community service opportunities, and most importantly a stable and secure work environment.

Daily Duties For This Position

• Advocates in the community to deepen relationships and market the institution’s loan products.
• Reviews borrower requests for pre-qualification and issues pre-qualification letters to customers.
• Reviews loan applications and effectively communicates with potential borrowers to explain lending parameters and identify which loan programs and terms best fit each customer and situation.
• Partners with local housing authorities and financial literacy programs to help prospective applicants navigate housing programs, locate downpayment and closing cost assistance, available grants, and more.
• Works with borrowers to secure necessary information for loan underwriting and conducts site visits as needed.
• Prepares and reviews loan application packages according to underwriting policies and presents financial analysis to underwriting for approval.
• Reviews loan documents, title, appraisal, and survey prior to closing to ensure accuracy.
• Collaborates with borrowers, title company, and realtor to confirm conditions of funding are met prior to closing and coordinate timing of loan funding.
• Identifies additional unfilled banking or insurance needs and refers borrowers to Bank partners.
• Other duties, responsibilities, and activities may be assigned or changed at any time.

Required Skills & Abilities

• Mortgage lending background preferred but additional training will be provided for the right candidate.
• Minimum of 1 year of financial services, banking, or mortgage industry experience is required.
• Experience and connections with local housing programs and agencies is preferred.
• Ability to perform primary responsibilities of position with minimal oversight.
• Adapts easily to system, process, product, and service changes.
• Ability to reason, problem solve, and think critically.
• Demonstrates a high level of integrity, personal diplomacy, and respect.
• Knowledge of federal and state laws and regulations pertaining to the mortgage banking industry.
• Ability to understand and abide by all CorTrust policies, procedures, and applicable federal regulations.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.