Mortgage Lender

Ohnward Bancshares; Eldridge (IA); On-site; USD 55,000 - 90,000; Full time

Benefits offered by this job

Health Insurance

401k plan

Job summary

Ohnward Bancshares seeks a mortgage professional in Eldridge, IA to solicit borrowers, grow the mortgage portfolio, and process loan applications. You will examine credit-worthiness and guide clients through the loan process, ensuring compliance and timely closings.

Responsibilities include developing community relationships, presenting loan options, and collaborating with other bank areas to cross-sell products and services.

Qualifications

• Proven experience in financial analyzing or lending.
• Strong ability to read and interpret financial statements.
• Excellent communication and interpersonal skills.

Responsibilities

• Solicit new mortgage loan business and develop growth strategies.
• Interview, analyze, and review credit of potential borrowers.
• Present loan products and guide borrowers through the application process.
• Coordinate with bank departments to cross-sell products and services.
• Ensure mortgage loan processes meet underwriting policies and regulations.
• Maintain compliance with lending laws and company guidelines.

Skills

Financial analysis

Lending knowledge

Communication skills

Interpersonal skills

Computer literacy

Education

Bachelors in Finance/Economics or related

Job description

Job Location: First Central State Bank Eldridge - Eldridge, IA 52748

POSITION SUMMARY

This position is responsible for soliciting potential borrowers for new mortgage loans. Increase mortgage loan portfolio by developing business contacts; attracting mortgage customers; and completing mortgage loan processing and closing. Examines application and supporting documentation and estimating credit-worthiness.

KEY ORGANIZATIONAL RELATIONSHIPS

• Reports to Market President, Officer, SVP, or VP.
• Works closely with customers and key stakeholders.

DUTIES AND RESPONSIBILITIES

Essential Duties and Responsibilities

• Solicit new business by developing strategies. Create sales and growth for the company.
• Attracts new mortgage loan applications by developing relationships within the community, specifically with the real estate community; making sales calls to prospective customers. Follows leads and carries out research to obtain new clients.
• Partners with other areas of the bank and bankers to cross-sell our products and services.
• Interview, consult, accept, analyze credit of, and perform credit reviews of potential borrowers.
• Meet with clients to present products, explain the loan process and obtain the necessary documentation.
• Meets mortgage loan operational standards by contributing mortgage loan information to strategic plans and reviews; implementing quality and customer service standards; and resolving problems.
• Examines application and supporting documentation; estimating credit-worthiness; calculating repayment risk. Justify decisions (approvals/rejections) and report on them.
• Completes mortgage loans by monitoring collection, verification, and preparation of mortgage loan documentation; scheduling and completing mortgage loan closing. Examines application and supporting documentation; estimating credit-worthiness; calculating repayment risk.
• Guides borrowers through the application process by proactively reaching out to the prospective borrower. Explaining the different types of loans and credit terms that are available to the applicant. Answers questions about the process and assists borrowers in filling out the application if necessary.
• Provides guidance to prospective borrowers who have problems qualifying for traditional loans.
• Reviews submitted loan application file to analyze, interpret and evaluate financial information and loan documentation to assess borrower capacity, cash flows, character, collateral, and condition to honor his or her obligations.
• Insures that approval of new loan requests comply with loan underwriting, product and program policies and procedures.
• Operate in compliance with laws and regulations and adhere to lending compliance guidelines.
• Go the “extra mile” to build trust relationships, customer loyalty and satisfaction throughout the underwriting process.
• Performs other duties as assigned.

SKILLS AND ABILITIES

• Proven working experience in financial analyzing or lending.
• Strong financial skills and ability to develop and interpret financial statements applied to business accounting and finance principles are required.
• Familiarity with computers and banking applications/software.
• Solid understanding of direct/indirect lending products and practices.
• Excellent communication and interpersonal skills.
• Ability to work in a goal oriented environment.

EDUCATION AND EXPERIENCE

• Bachelor’s Degree in Finance, Economics or related field; 5 years lending experience and/or training; or equivalent combination of education and experience.
• Related work experience should consist of a financial analyzing or lending background.
• Qualifications: experience in analysis; knowledge of cash management products; knowledge of federal state laws and regulations relating consumer lending; NMLS (Nationwide Mortgage Licensing System), current driver’s license with appropriate insurance coverage.

BENEFITS:

• Stakeholder Bonus
• Health Insurance
• Dental Insurance
• Retirement Plan (401k) – 3% Safe Harbor Contribution + Discretionary Contribution
• 10 Observed Holidays
• PTO
• Group Term Life provided
• Short Term Disability - 100% provided by company
• Long Term Disability
• Maternity/Paternity Leave – 100% of pay
• Community Involvement
• Pay-It-Ohnward – Company Giving Program
• Grilling for Charity – Community Donations
• Thank God Its Monday (TGIM) Company Event

Equal Opportunity Employer Qualifications