Mortgage Associate Loan Officer

bellbank; Overland Park (KS); On-site; USD 70,000 - 110,000; Full time

Job summary

Bell Bank Mortgage in Overland Park, KS, seeks an ambitious mortgage loan originator under supervision to market and originate loans that meet guidelines and investors' requirements; this is a commission-based role with potential to advance to a stand-alone officer.

You will gather documentation, structure loans to guideline, submit through DU/LP, source applications, ensure compliance, and maintain excellent client service while mentoring by senior loan officers and expanding market share.

Qualifications

• Three years of mortgage banking or outside sales experience.
• Familiarity with FNMA, FHLMC, HUD/VA lending and investor guidelines.
• Ability to develop strategic market plans and business contacts.
• Ability to work with limited supervision.
• Excellent customer service skills.
• Ability to travel to different branches and meetings.

Responsibilities

• Gather information for documentation, underwriting and disclosures.
• Structure loans to ensure compliance with product guidelines.
• Independently submit through DU/LP and review findings.
• Enter information into the loan origination system and order appraisals.
• Source and solicit loan applications in line with company procedures.
• Evaluate credit factors to ensure eligibility.
• Provide borrower disclosures within regulatory guidelines and redisclosures when required.
• Provide all necessary applicant information to processors and price loans.
• Review CDs and prepare borrowers for closing.
• Maintain communication with agents, borrowers, processors and closers.
• Assist in developing marketing plans to expand market share.
• Stay up to date on program, compliance and investor guideline changes.
• Support senior/mentor loan officer in managing loan volume.
• Conduct activities in line with Bell Bank policies and a strong customer service standard.

Skills

Mortgage banking

Outside sales

Client service

Regulatory compliance

Investor guidelines

Job description

Under supervision, market and originate mortgage loans that meet regulatory and investors guidelines to be sold on the secondary mortgage market. Substantially assist senior or mentor loan officer in providing outstanding customer service to the team’s clients. This job is a fully commissioned position which is often the last step before becoming a stand-alone loan officer.

Primary Duties:

• Gather all information necessary for documentation, analysis, disclosure and underwriting loan applications.


• Independently work to structure loans to ensure compliance to product guidelines.


• Independently submit through DU/LP and review findings to ensure borrower findings meet guidelines.


• Enter all required information into the mortgage loan origination system and order appraisal.


• Proactively work as a salesperson to source and solicit loan applications in a professional and timely manner in line with company standard and procedures.


• Independently evaluate credit factors and eligibility to ensure application meets guideline requirements.


• Provide appropriate borrower compliance information at the time of application, have disclosures signed and delivered.


• Provide disclosures within regulatory guidelines and provide re-disclosure as required by regulatory guidelines through understanding of TRID requirements.


• Provide all necessary applicant information to processor.


• Price loans according to guidelines and secure signed lock agreements.


• Review CD and prepare the borrower for closing.


• Keep open line of communication with agents, borrower, processors and closers to provide excellent customer service.


• Assist in developing individual and team marketing plans to expand market share and stimulate loan production.


• Maintain regular customer contact with professional and community organizations to ensure a positive company image.


• Stay up to date on all program, compliance, and investor guidelines and changes that will affect the borrower and Bell Bank Mortgage.


• Provide advice and service to applicant requesting mortgage information.


• Make preliminary determination of applicant’s creditworthiness and issue prequalification statement of borrower’s eligibility.


• Maintain awareness of new trends and developments in the local and national real estate market to better serve clients and provide feedback to management.


• Substantially assist the senior or mentor loan officer in managing new and existing loan volume.


• Provide high level of assistance to internal and external customers in person and on the phone.


• Review all documents for completeness and compliance with investor requirements.


• Follow up on missing documents.


• Maintain comprehensive understanding of the loan origination process and all functions within processing and closing departments.


• Know by name and face as many customers and employees as possible, calling them by name as often as possible.


• Know and practice LOCBUTN, our Golden Rules, and Bell Bank Customer Service Standards.


• Know, understand, and live the company values and bottom line.


• Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable state and federal laws and regulations.


• All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.


• Prompt and reliable attendance.


• Perform other duties as assigned.

Job Skills Required:

• A. or minimum of three years of mortgage banking, outside sales or related experience.


• Familiarity with all mortgage banking functions, FNMA, FHLMC, HUD/VA lending, regulatory compliance and investor guidelines.


• Ability to develop individual and team strategic plans to market and develop business contacts.


• Ability to work with limited supervision.


• Excellent customer service skills.


• Ability to function efficiently and effectively under deadlines and stress while maintaining a professional and mature profile.


• Ability to travel to different branches and to off-site meetings to meet with clients or co-workers.