Mortgage Loan Officer

bellbank; Creve Coeur (MO); On-site; USD 65,000 - 95,000; Full time

Job summary

Bell Bank Mortgage in Creve Coeur, MO is seeking an Under minimum supervision mortgage loan originator to market and originate loans that meet regulatory and investor guidelines for sale on the secondary market. Responsibilities include gathering information, structuring loans, submitting through DU/LP, ordering appraisals, taking applications, evaluating credit, and delivering disclosures and estimates on time with outstanding client service.

Travel to branches is required.

Qualifications

• Bachelor's degree in business or related field required.
• 4-6 years mortgage banking experience preferred.
• Active NMLS registration and travel ability required.

Responsibilities

• Gather information for documentation, analysis, disclosures and underwriting.
• Structure loans to meet product guidelines.
• Submit through DU/LP and review borrower findings.
• Enter data into the mortgage origination system and order appraisal.
• Solicit and take loan applications professionally and timely.
• Evaluate credit factors to ensure guideline compliance.
• Provide disclosures and loan estimates within regulatory guidelines.
• Keep communications open with agents, borrowers, processors and closers.
• Develop marketing plans to expand market share and loan production.
• Stay updated on program, compliance and investor guidelines.

Skills

Mortgage banking

Customer service

Regulatory compliance

Sales/marketing

NMLS licensing

Communication

Education

Bachelor's Degree in business or related field

Job description

Under minimum supervision, this position will market and originate mortgage loans that meet regulatory and investors guidelines to be sold on the secondary mortgage market.

Responsibilities

• Gather all information necessary for documentation, analysis, disclosure and underwriting loan applications.
• Structure loan to ensure compliance to product guidelines.
• Submit through DU/LP and review findings to ensure borrower findings meets guidelines.
• Enter all required information into the mortgage loan origination system and order appraisal.
• Solicit and take loan applications in a professional and timely manner in line with company standard and procedures.
• 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 Loan Estimate (LE) within regulatory guidelines. Also provide re-disclosure as required by regulatory guidelines through understanding of MDIA requirements.
• Provide all necessary applicant information to processor.
• Price loans according to guidelines and secure signed lock agreements.
• Review Closing Disclosure (CD) and prepare the borrower for closing.
• Keep open line of communication with agents, borrower, processors and closers to provide excellent customer service.
• Develop individual 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.
• Provides advice and service to applicant requesting mortgage information.
• Make preliminary determination of applicant's credit worthiness and has authority to issue prequalification statement of borrowers 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.

Bell Bank Culture, Policy and Accountability Standards

• Know and live Bell Bank's values, bottom line, customer service standards, Golden Rules, and LOCBUTN by building personal connections with customers and employees and using their names as often as possible.
• Conduct activities consistent with established Bell Bank policies, procedures and systems, the Code of Conduct, 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.

Education, Experience, and Other Expectations

• Bachelor's Degree in business or a related field.
• 4-6 years of mortgage banking experience.
• Must obtain and maintain an active NMLS registration.
• Ability to travel to different branches and to off-site meetings to meet with clients or co-workers.

Knowledge, Skills, and Abilities

• Familiarity with all mortgage banking functions, FNMA, FHLMC, HUD/VA Lending, regulatory compliance and investor guidelines.
• Ability to strategically plan to market and develop business contact.
• 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.