Mortgage Loan Officer

The Bank of Missouri; Columbia Township (MO); On-site; USD 60,000 - 95,000; Full time

Benefits offered by this job

Personal paid time off

401K and Employee Stock Option Plan

Medical, dental, vision, life and/dis­

Fitness reimbursement

Learning, development and growth

Job summary

The Bank of Missouri is seeking a Mortgage Loan Officer to originate and close real estate loans in compliance with all applicable laws and internal policies. You will establish and maintain positive relationships with existing and prospective customers, and support the bank's growth within the communities we serve.

You will manage the full loan lifecycle, maintain regulatory knowledge, and collaborate with lenders, underwriters and partners to ensure timely closings and accurate loan

Qualifications

• Bachelor's degree in business, including accounting, finance, and economics
• Three to four years loan banking experience and/or training
• Equivalent combination of education and experience

Responsibilities

• Provide prompt, courteous service to internal and external customers and coordinate with other departments to advance bank interests
• Perform full Real Estate Lending Department duties in line with bank policies and regulatory requirements
• Maintain ongoing professional knowledge through online/in-house training and seminars
• Discuss mortgage products with customers and help buyers select suitable options
• Take loan applications online or in person, gather required information and credit documentation
• Assist in negotiations on fees, terms, and loan structures; route to underwriting as needed
• Determine loan feasibility and authorize or refer loans within program limits; oversee closings
• Stay compliant with federal and state mortgage lending laws and regulations
• Maintain knowledge of Conventional, VA, FHA, Rural Development loans for secondary market sale
• Understand various loan types and portfolio management; participate in collection processes as needed
• Keep abreast of real estate loan market developments and identify lending opportunities
• Build and maintain relationships with realtors, title companies, builders and attorneys
• Engage in bank community activities and represent the bank professionally

Education

Bachelor's degree in business or related field

Job description

At The Bank of Missouri we know it takes great people to support the communities we serve! We are passionate about caring for people and communities, and know how to recognize and reward our employees for their talent and contributions. When you work at The Bank of Missouri, you not only get to help others, but you also get the resources, opportunities and support to grow your own career.

About our Company:

Staying in business for more than 130 years is hard. Really hard. But, thanks to our great customers in the communities we serve and our entire team, we’ve grown from one bank, once known as The Bank of Perryville, to now 30 locations in 25 communities across Missouri.

If you think about it, since 1891 when the bank was founded, we’ve endured many events: the Great Depression, two World Wars and the Financial Crisis of 2007-2008. We are a growing, $4.2 billion institution with plans to further expand as opportunities present themselves. With our roots firmly planted in Perryville, Missouri, we continue to grow; evolving and expanding with our amazing team, customers and communities.

Those principles are the reason we are still in business today: caring for people and communities is our foundation. With every financial decision we make, we bear those values in mind, every time. We are proud, but above all, very privileged to say, “We’ve been community banking since 1891.” We look forward to the bright future which lies ahead for the shareholders, employees, customers and communities served by The Bank of Missouri.

About this job:

As a Mortgage Loan Officer you will originate and close real estate loans and other loans in accordance with all federal and state banking laws and regulations and established lending objectives, policies and procedures, as well as establish and maintain positive relationships with existing and potential customers.

Here are some of the great benefits you will enjoy as a member of our team:

• Personal paid time off, as eligible and paid holidays
• 401K and Employee Stock Option Plan, as eligible
• Generous medical, dental, vision, life and disability insurance
• Fitness reimbursement
• Learning, development and growth opportunities

As a Mortgage Loan Officer you will:

• Provide prompt, courteous and efficient service to internal and external customers. This includes an obligation to cooperate and interact with other departments and facilities to advance the overall interests of the bank.
• Perform a full range of duties of the Real Estate Lending Department including complete adherence to all policies and practices of the Bank and its applicable regulatory agencies.
• Maintain educational and professional expertise by completion of relevant on-line or in‑house training, and/or through attendance at job related seminars, conferences, and workshops.
• Courteously assist customers with inquiries and information requests relating to mortgage loan products and services offered. Discuss all mortgage products and assist customer/buyers in selecting a product that fits their needs.
• Take loan applications, both online and in person, interview applicants and request specified information for loan applications; request applicant credit reports, reference checks, and appropriate credit documentation to evaluate loan applications; analyze applicant financial status, credit, and property evaluation to determine feasibility of granting loan; and correspond with or interview applicant or creditors to resolve questions regarding application information.
• Facilitate negotiations with applicants according to established standards, such as fees, loan repayment options, and other credit terms; refer loan to underwriting for approval when required; ensure loan commitment/agreements are complete and accurate; ensure timely loan closing and funding activities.
• Analyze applicant’s financial status, credit and property evaluation to determine feasibility of granting loan request; approve loan within specified programs and limits; refer larger loan requests to appropriate channels for approval; communicate loan decision to applicants, including rationale for decisions and assures necessary supporting documents are prepared and delivered, -conduct or oversee closings for the bank.
• Acquire and maintain knowledge, in order to comply, with all federal and state mortgage lending laws and regulations necessary to perform mortgage lending duties.
• Maintain working knowledge of Conventional, VA, FHA, and Rural Development loans to be sold on the secondary market and utilize government programs when deemed necessary to meet customer's credit needs.
• Maintain working knowledge of various types of loans to be held in the bank's portfolio.
• Perform onsite inspections as needed.
• Be able to recognize and communicate potential problems with loans through analysis, including the ability to work a portfolio including participation in the collection procedures and processes to assure the timely collection of all delinquent accounts and develop revised loan repayment terms or schedules as necessary.
• Keep abreast of new developments and trends in the real estate loan market; identify potential lending opportunities and participate in the development and implementation of plans and programs to respond to those opportunities.
• Establish and maintain positive working relationships with businesses, realtors, title companies, builders, CPA’s, attorneys and other organizations to provide information regarding Real Estate lending programs and services.
• Maintain educational and professional expertise through attendance at job related seminars, conferences and workshops and involvement in professional, civic and community groups in leadership positions.
• Participate in the Bank's business development activities, represent the Bank in industry and professional associations, community organizations, local business groups, etc., and promote the Bank's favorable image.
• Back up other Mortgage Loan Officers as needed.

Qualifications for Success

Bachelor's degree (B. A.) from four‑year college or university in the field of business, including specific courses in accounting, finance, and economics; or three to four years loan banking experience and/or training; or equivalent combination of education and experience.

The Bank of Missouri is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please contact us or call toll‑free 888-547-6541.