Mortgage Loan Officer

Minnbankers; Litchfield, Northern (MN, KY); Hybrid; USD 65,000 - 95,000; Full time

Job summary

Center Bank in Minnesota seeks a Mortgage Loan Officer to build and maintain relationships with customers and guide borrowers from application to closing.

You will analyze financials, recommend products, and ensure compliance with bank policies. The role involves coordinating with processors and underwriters, meeting production goals, and staying current on mortgage regulations.

Qualifications

• Bachelor's degree preferred; equivalent banking or lending experience considered.
• 3+ years mortgage lending or related banking experience preferred.
• Working knowledge of the mortgage loan origination process and underwriting principles.
• Understanding of credit analysis and borrower financial information.
• Familiarity with federal and state mortgage lending regulations and compliance.

Responsibilities

• Develop and maintain relationships with current and prospective mortgage customers.
• Generate mortgage loan business through relationships, referrals, and community involvement.
• Meet with prospective borrowers to understand financial needs and goals.
• Explain mortgage products, terms, rates, fees, and requirements clearly.
• Take and review mortgage loan applications and collect documentation.
• Analyze borrower income, assets, liabilities, credit history, and other information.
• Determine appropriate loan products and assist in structuring loans within guidelines.
• Review applications for completeness and compliance with policies and regulations.
• Coordinate with processors, underwriters, and closing staff to facilitate processing and closing.
• Communicate with borrowers on loan status and resolve issues.
• Maintain accurate loan files and ensure compliance with regulations.
• Stay current on mortgage regulations and practices; participate in community events.
• Provide ongoing service, servicing and portfolio management, and meet goals.

Skills

Relationship building

Verbal written communication

Customer service

Time management

Attention to detail

Education

Bachelor's degree in business, finance, accounting, or related field

Equivalent banking or lending experience

3+ years mortgage lending or related banking experience

Understanding of credit analysis

Familiarity with mortgage regulations and compliance

Tools

Loan origination software

Banking software

Job description

The Mortgage Loan Officer is responsible for developing and maintaining mortgage lending relationships with current and prospective customers and guiding borrowers through the mortgage loan process from application through closing. This position evaluates borrower financial information, recommends appropriate loan products, structures and submits loan applications for approval, and ensures lending activities are conducted in accordance with bank policies and applicable regulations.

Mortgage Loan Officer

Center Bank

301 N Ramsey Ave, Litchfield, MN 55355

Job Description

The Mortgage Loan Officer is responsible for developing and maintaining mortgage lending relationships with current and prospective customers and guiding borrowers through the mortgage loan process from application through closing. This position evaluates borrower financial information, recommends appropriate loan products, structures and submits loan applications for approval, and ensures lending activities are conducted in accordance with bank policies and applicable regulations.

Responsibilities

• Develop and maintain relationships with current and prospective mortgage customers.
• Generate mortgage loan business through customer relationships, referrals, community involvement, and other business development activities.
• Meet with prospective borrowers to understand their financial needs, homeownership goals, and lending objectives.
• Explain mortgage loan products, terms, rates, fees, and requirements clearly and professionally.
• Take and review mortgage loan applications and collect required documentation.
• Analyze borrower income, assets, liabilities, credit history, and other relevant information.
• Determine appropriate loan products and assist in structuring loans within the bank's lending guidelines.
• Review applications for completeness, accuracy, and compliance with bank policies and regulations.
• Coordinate with processors, underwriters, and closing staff to facilitate timely processing and closing.
• Communicate regularly with borrowers on loan status; identify and resolve credit, documentation, or compliance issues.
• Maintain accurate loan files and ensure compliance with federal and state regulations and bank policies.
• Stay current on mortgage regulations, products, and industry practices; participate in community events.
• Provide ongoing service, assist with servicing and portfolio management, and meet production and quality goals.

Education & Experience

• Bachelor's degree in business, finance, accounting, or related field preferred; equivalent banking or lending experience considered.
• 3+ years of mortgage lending, residential lending, or related banking experience preferred.
• Working knowledge of the mortgage loan origination process, underwriting principles, and loan documentation.
• Understanding of credit analysis and borrower financial information.
• Familiarity with federal and state mortgage lending regulations and compliance.
• Strong attention to detail, organization, and time management; able to manage multiple loans.
• Excellent verbal and written communication, customer service, and relationship-building skills.
• Ability to learn loan origination and banking software.
• Ability to maintain confidentiality with sensitive customer and financial information.

About Us

Center Bank is a family-owned and woman-owned community-oriented bank proudly serving the communities of Litchfield, Plymouth and Chaska, Minnesota. At Center Bank, local decision-making, lasting partnerships and legendary service are the center of who we are. We take pride in our empowered, experienced, and tenured team.