Community Lending Officer

Washington Trust Bank; Seattle (WA); On-site; USD 89,991 - 134,987; Full time

Job summary

Washington Trust Bank is seeking a Community Lending Officer to establish and maintain relationships with community organizations, realtors, and agencies to create lending opportunities while ensuring CRA compliance.

The role focuses on selling and originating residential mortgage loans to a predetermined sales goal in CRA assessment areas, pre-qualifying borrowers, and finalizing loans with attention to fair lending practices.

Qualifications

• Fluent in English; Mandarin or Cantonese preferred.
• Knowledge of real estate and mortgage banking industry.
• Knowledge of Truth-in-Lending and compliance with government regulations.
• Knowledge of conventional, FHA, VA, and construction loan policies and procedures.
• Driver's license valid in Washington state.

Responsibilities

• Assist in coordinating community outreach and development events to support CRA objectives.
• Develop relationships with real estate agents to generate referrals in CRA-assessed areas.
• Identify and originate loans that meet CRA criteria within CRA areas; pre-qualify self-employed borrowers and analyze financial records.
• Maintain loan file from application through closing and ensure compliance with CRA and fair lending laws.
• Submit completed loan applications within 48 hours of receipt; liaise with local governments and community organizations.

Skills

Bilingual (English/Mandarin or Canton.

Job description

Overview

The Community Lending Officer will establish and maintain relationships with community-based organizations, realtors, and governmental agencies to create lending opportunities while ensuring compliance with the Community Reinvestment Act. The candidate will sell and originate residential mortgage loans to a predetermined sales goal focused in CRA assessment areas. The role includes identifying prospects, explaining mortgage products, determining best alternatives with prospects, and finalizing sales. This position supports the WWA WTB Bank footprint.

Essential Functions

• Assist in the coordination of WTB's community outreach activities and community development service events.
• Serve, where appropriate, as a member of civic, professional, and community development organizations that contribute to WTB's CRA objectives.
• Communicate ways management and staff can address fair lending responsibilities for WTB's lending practices and standards.
• Assist lenders in identifying and originating loans that meet CRA criteria within WTB's CRA assessment areas.
• Establish and develop relationships with an extensive network of real estate agents so that potential mortgage customers within CRA-assessed areas are referred to WTB.
• Submit a completed loan application within 48 hours of receipt.
• Pre-qualify self-employed borrowers, including preparation of cash flow worksheets and requesting and analyzing financial records and tax returns.
• Maintain responsibility for the loan file from application through closing.
• Foster a culture where all WTB team members understand CRA and fair lending laws applicable to their position.
• Actively participate in festivals, fairs, and trade shows to promote new business for the bank.
• Stay informed about community trends and economic development changes. Track and measure event participation results and make recommendations to maximize return on future investments of events, sponsorships, philanthropic initiatives, and donations.
• Liaise with local governments and community development organizations to ensure the bank's presence is known and respected in the community. Build and manage a network of contacts within state and local government and community organizations.

Related Functions

• Collection of applicable fees from borrowers.
• Prepares periodic productivity reports as required.
• Attend department meetings.
• Perform property inspections as required.
• Attend scheduled training sessions.
• Frequent contact with real estate companies and agents to establish referral relationships.
• Frequent contact with department employees to assist in processing and closing requirements.

Qualifications

• Ability to speak English and Mandarin/Cantonese fluently preferred.
• Knowledge of real estate and mortgage banking industry.
• Knowledge of Truth-in-Lending and compliance with government regulations.
• Knowledge of conventional, FHA, VA, and construction loan policies and procedures.
• Automobile required, along with a valid Washington State driver's license.
• May be assigned a specific territory and/or specific agents.
• Required to have or obtain a Mortgage Loan Originator registration number through the Nationwide Mortgage Licensing System & Registry (NMLS).

Compensation

$89,991 - $134,987

The compensation range represents the base salary range for this position. Actual compensation will vary and may be above or below the range based on factors including location, experience, and performance. This position is eligible to participate in an applicable annual incentive plan.

Culture and Benefits

Our benefits include Health, Financial, Retirement and Work/Life benefits. An overview of our benefits is shared as part of total compensation.

Washington Trust Bank is an Equal Opportunity Employer. We prohibit discrimination or harassment based on race, religion, sex, gender identity, sexual orientation, national origin, age, pregnancy, disability, genetic information, or any other protected characteristics under applicable laws. We are committed to diversity and an inclusive work environment.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.