Mortgage Loan Officer

gpac; O’Fallon (MO); On-site; USD 45,000 - 75,000; Full time

Benefits offered by this job

Base salary

Commission incentives

Job summary

gpac is seeking a Mortgage Loan Officer to drive development and sales of residential mortgage loans in Missouri. The ideal candidate is self-starting, entrepreneurial, and deeply involved in the local real estate community, with strong ties to agents, insurers, and developers.

The role includes underwriting support, pipeline management, and collaboration on rate setting with management. Compensation combines base salary with an aggressive commission structure to reward production.

Qualifications

• Active and involved in the community with knowledge of the local real estate market.
• Connected with Real Estate Agents, Insurance Agents, and Developers locally.
• Thorough understanding of loan underwriting, compliance, procedures, and current consumer/mortgage lending laws and regulations.
• Proficient communication in person, over the phone, and via email.
• Proficient math and computer skills.
• Minimum of three (3) years of mortgage or lending experience.
• Proven track record of production in mortgage lending.

Responsibilities

• Assists in underwriting and evaluating residential mortgage applications originated by bank personnel, including Third-Party Origination.
• Recommends approval of customer applications for residential loans or credit extensions.
• Assists in maintaining, monitoring, and managing the loan pipeline.
• Assists with preparing accurate loan packages and timely delivery to investors.
• Assists with setting rates in conjunction with management guidance.

Skills

Strong communication

Math skills

Computer skills

Multi-tasking

Job description

A Mortgage Loan Officer is a banker centered around the development and sales of mortgage loans. A mortgage lender is best suited for candidates that are self-starting, entrepreneurial, active in the community, and hungry for success. The real estate industry can be volatile, but high activity and consistent efforts lead to tremendous success.

Mortgage Loan Officer Responsibilities

• Assists in providing quality loans for the financial institution by underwriting and evaluating residential mortgage applications originated by financial institution personnel, which includes loans originated through our Third-Party Origination agreement.
• Recommends approval of customer applications for residential loans or extensions of real estate loan lines of credit.
• Assists in maintaining, monitoring, and managing the pipeline.
• Assists with overseeing the preparation of accurate loan packages and ensuring on-time delivery to investors.
• Assists with setting rates in conjunction with management's guidance.

Mortgage Loan Officer Requirements

• Very active and involved in the community, with a solid understanding of the local real estate market
• Solidly connected with Real Estate Agents, Insurance Agents, and Developers in the local area
• Thorough understanding of loan underwriting, compliance, procedures, and current consumer/mortgage lending laws and regulations.
• Proficient communication - in person, over the phone, and via email
• Proficient math and computer skills
• Ability to multi-task, problem-solve and strong attention to detail
• Minimum of three (3) years of mortgage or lending experience.
• Proven track record of production in mortgage lending

This opportunity includes an excellent compensation and benefits package. This bank prides itself on retaining employees and has one of the best tenure backgrounds in the area. Full support and a very aggressive commission structure. The first few years will benefit from a base salary, with increasing commission rates as business is built.

All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.