Loan Officer

Granite Bank; Rapid City (SD); Hybrid; USD 60,000 - 90,000; Full time

Job summary

Granite Bank in Rapid City, SD, is seeking a Mortgage Loan Officer to manage and oversee the mortgage lending process for loans originated, including underwriting and customer service.

The Senior Mortgage Loan Officer will develop and maintain relationships with real estate agents, builders, and referral sources while ensuring adherence to federal lending rules. This full-time, hybrid position requires US work authorization and residency within the United States.

Qualifications

• Thorough understanding of loan programs and closing costs.
• FHA, VA and conventional underwriting guidelines knowledge.
• Ability to meet deadlines and work independently.
• Excellent written and verbal communication skills.

Responsibilities

• Verifies information on applications and requests missing data.
• Communicates with borrowers to help choose affordable mortgage options.
• Collects data from borrowers (assets, salaries, debts, employment).
• Reviews file documentation for accuracy.
• Verifies borrower information with credit bureaus and other agencies.
• Maintains knowledge of Granite Mortgage products and guidelines.
• Prospects and networks with referral partners.

Skills

Communication skills

Sales ability

Time management

Detail oriented

Tools

Word

Excel

Job description

Location: Rapid City, South Dakota - Hybrid

Work Authorization

Candidates must reside within the United States and be legally authorized to work in the United States at the time of hire and throughout employment.

Reports To

SVP of Sales

Employment Type

Full-Time, Exempt

Pay Range

Commission Only

About Granite Bank

Granite Bank is one of the fastest-growing banks in Minnesota! We're a locally owned community bank, and we're growing our team of people on a mission to help as many people as possible achieve their financial and homeownership goals. We live by our core values: accessibility, agility, transparency, family feel, and empowerment. Whether it's expanding our product line or having fun company events, we're prepared to adapt to an ever-changing industry while keeping our people first. Come join us!

Position Summary

This is a full-time on-site role for a Mortgage Loan Officer. The Mortgage Loan Officer will be responsible for managing and overseeing the mortgage lending process for loans they originate, including underwriting, customer service, and managing a portfolio of clients. The Senior Mortgage Loan Officer will also be responsible for developing and maintaining relationships with real estate agents, builders, and other referral sources.

Key Responsibilities

• Verifies the information provided on applications to obtain more information if missing data or mistakes are present
• Communicates with borrowers to help them choose the best mortgage loan they can afford. Maintain consistent, professional and prompt communication with borrowers.
• Collects data from borrowers, such as their assets, salaries, debts and employment status
• Reviews file documentation for missing or erroneous information
• Verifies information about applicant history with credit bureaus and other agencies so the lender can approve or deny the loan
• Remains aware of loan application deadlines and informs customers about them
• Conduct loan interviews, discuss programs, explain processes, and request supporting documentation for loan approval.
• Evaluate credit and financial status of prospective borrowers to make sales of residential mortgage loans.
• Maintain a working knowledge of all Granite Mortgage products.
• Understand and apply all federal rules and regulations associated with mortgage lending.
• Prospect and network, building relationships with referral partners.
• Develop a working knowledge of the Credit Union's data processing system, loan origination system, Word, and Excel software.
• Maintain knowledge of available loan products, processing procedures, and underwriting guidelines.
• Any other duties assigned by supervisor or management.
• Solicit business from potential and existing customers (outside and inside business location).
• Interviews loan applicants and processes loan applications for both purchase and refinance transactions.
• Counsel borrowers about various loan programs and help them to select the program that best fits their financial goals and needs.
• Assist the loan processor in gathering the necessary documents from the customer to prepare for underwriting.
• Works closely with the processor and underwriter to address any underwriting issues and get closed.
• Manages a large pipeline of loans including meeting closing deadlines, submitting loans to compliance, and making sure their pipeline meets the bank's requirements.
• Represents the financial institution in public relations activities and community affairs.

Experience

• Thorough understanding of all loan programs and closing costs.
• Have a good understanding of FHA, VA and conventional underwriting guidelines for all loan investors.
• Must be able to meet strict time deadlines and work independently under pressure.
• Must be detailed oriented and able to follow set guidelines.
• Possess ability to sell oneself to potential customers and referral partners.
• Excellent written and verbal communication skills.
• Regular and reliable attendance
• Works cooperatively with others

Granite Bank is an Equal Opportunity Employer

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.