Mortgage Banking Originator - Medford, MA

Berkshire Bank; Medford (MA); On-site; USD 68,000 - 83,000; Full time

Job summary

Berkshire Bank in Medford, MA is seeking an experienced Mortgage Officer to solicit and service a variety of residential loans. Interview applicants, collect financial data, and recommend loan products to meet borrower needs, assisting buyers through closing.

The role emphasizes growth through referrals, timely underwriting, and cross-selling bank products to deepen banking relationships while supporting affordable housing initiatives in the communities served.

Qualifications

• Bachelor's degree preferred.
• Minimum of 5 years' mortgage origination experience with a well-developed client base.

Responsibilities

• Develop and expand internal and external referral sources to grow mortgage business.
• Work closely with borrower(s) to secure all required information and loan documentation for underwriting.
• Submit applications and supporting documentation consistent with all state and federal regulatory and compliance guidelines.
• Provide ongoing communication and updates to borrower(s) on the status of their loan request.
• Provide all follow-up documentation as requested by underwriting/processing in a timely manner.
• Follow up on all conditions to ensure timely loan closings and rate lock expirations are satisfied.
• Cross-sell other bank products and deepen banking relationships.
• Work to meet the credit needs of the communities served, including helping low- to moderate-income residents acquire and remain in affordable housing.
• Cultivate and maintain relationships with branch personnel within lending area.

Skills

Loan products knowledge

Underwriting guidelines

Mortgage process knowledge

Independent work

Communication skills

Sales & consulting

Interpersonal skills

Attention to detail

PC literacy & mortgage tools

Education

Bachelor's degree preferred

Tools

Credit bureaus

Investor websites

Mortgage banking tools

MS Office (Word, Excel)

Job description

Officer: Officer
Division: Retail Banking
Department: Mortgage - Boston
Reports to: Mortgage Banking Manager
Status: Exempt
Pay Grade: 9E
Salary Range: $75,000 base plus commission
Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.
Location: Medford, MA

Principal Objective

This position is responsible for soliciting and servicing a variety of residential mortgage loans. Interview applicants, collect financial data and documents, and make recommendations regarding the loan products that best meet the borrower's needs. Assist buyers in the purchase process through closing.

Key Accountabilities

• Develop and expand internal and external referral sources to grow mortgage business.
• Work closely with borrower(s) to secure all required information and loan documentation required for underwriting.
• Submit applications and supporting documentation consistent with all state and federal regulatory and compliance guidelines.
• Provide ongoing communication and updates to borrower(s) on the status of their loan request.
• Provide all follow-up documentation as requested by underwriting/processing within a timely manner.
• Follow up on all conditions to ensure timely loan closings and rates lock expirations are satisfied.
• Cross-sell other bank products and work with appropriate business partners to deepen banking relationship.
• Work to meet the credit needs of the communities the Bank serves, including helping low- to moderate-income residents acquire and remain in affordable housing.
• Cultivate and maintain relationships with branch personnel within lending area.

Education

• Bachelor's degree preferred.

Experience

• Minimum of 5 years' experience in mortgage originations with a well-developed client base.

Skills & Knowledge

• Extensive knowledge of various loan products and portfolio lending.
• Knowledge of Universal Underwriting Guidelines.
• Extensive knowledge of mortgage application procedures including disclosures, LE, CD, TIL, HMDA and RESPA requirements.
• Ability to work independently and be self-motivated.
• Effective written and verbal communication skills.
• Excellent sales and consulting skills.
• Strong interpersonal skills.
• Accuracy and attention to detail.
• PC literate (Word, Excel, e-mail and Internet) and ability to access and use online mortgage banking tools (credit bureaus, investor website, etc.)

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin.

If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at [e-mail].