Mortgage Loan Officer

bellbank; Madison (WI); On-site; USD 50,000 - 80,000; Full time

Job summary

Bell Bank Mortgage in Madison, WI seeks a 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, providing disclosures and LE, and maintaining strong client relationships. Requires NMLS, mortgage banking background, and willingness to travel between branches.

Qualifications

• B.A. or minimum of three years of mortgage banking experience.
• Two years of mortgage banking sale experience.
• NMLS registration.
• Familiarity with FNMA, FHLMC, HUD/VA Lending, regulatory compliance and investor guidelines.
• Ability to strategize to market and develop business contact.
• Ability to work with limited supervision.
• Excellent customer service skills.
• Ability to travel to different branches and to off-site meetings.

Responsibilities

• Gather information for documentation, analysis, disclosure and underwriting loan applications.
• Structure loan to ensure compliance with product guidelines.
• Submit through DU/LP and review findings to ensure borrower compliance.
• Enter required information into the mortgage origination system and order appraisal.
• Solicit and take loan applications professionally and promptly.
• Evaluate credit factors to ensure guideline compliance.
• Provide appropriate borrower compliance information at application and obtain disclosures.
• Provide Loan Estimates within regulatory guidelines and handle redisclosures as required by MDIA.
• Provide necessary applicant information to processor.
• Price loans according to guidelines and secure signed lock agreements.
• Review Closing Disclosure and prepare borrower for closing.
• Maintain open communication with agents, borrowers, processors and closers.
• Develop marketing plans to expand market share and stimulate loan production.
• Maintain regular contact with clients and professional/community organizations.
• Stay up to date on program, compliance and investor guidelines and changes.
• Provide guidance and service to applicants requesting mortgage information.
• Make preliminary determinations of applicant credit worthiness and issue prequalification statements.
• Stay aware of real estate market trends to better serve clients.
• Know customers and employees by name to foster relationships.
• Align with Bell Bank policies, conduct policies and legal regulations.
• Maintain information security compliance.

Skills

Mortgage banking

Sales experience

NMLS registration

Customer service

Travel availability

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.

Primary Duties:

• 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
• Know by name and face as many customers and employees as possible, calling them by name as often as possible.
• Know, understand, and live the company values and bottom line.
• Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, 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.
• Perform other duties as assigned.

Job Skills Required:

• B.A. or minimum of three years of mortgage banking experience.
• Two years of mortgage banking sale experience.
• NMLS registration.
• 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.
• Ability to travel to different branches and to off-site meetings to meet with clients or co-workers.