Mortgage Loan Officer

Southern Bank; Virginia (MN); Hybrid; USD 37,000 - 41,000; Full time

Job summary

Southern Bank in Virginia seeks a Mortgage Loan Officer to originate residential first lien loans and construction loans. You will interview applicants, analyze financial data, and negotiate loan terms with borrowers.

Responsibilities include soliciting real estate professionals, maintaining relationships with branches, and staying informed about market trends and regulatory requirements. The role is base salary with commission eligibility.

Qualifications

• Thorough knowledge of laws and rules relating to mortgage lending (RESPA, SAFE Act, BSA, Reg B/Z, HOEPA).
• Ability to build and maintain a residential mortgage loan pipeline.
• Ability to act as primary liaison with borrowers throughout the loan process.
• Experience originating mortgage loans and documenting loan files for approvals.
• Ability to work with limited supervision and to sell and refer mortgages and bank products.
• Strong communication and organizational skills.

Responsibilities

• Solicit residential first lien mortgages through realtors, builders, developers, and other professionals.
• Maintain relationships with branches to keep mortgages top-of-mind for referrals.
• Interview applicants to gather financial information and needs.
• Analyze financial, economic, and credit data to inform decisions.
• Negotiate loan terms and conditions with applicants.
• Stay informed about local real estate trends and regulations for mortgage loans.
• Call on customers to develop new business or retain existing business.

Skills

Mortgage lending

NMLS knowledge

Client liaison

Communication

Time management

Education

Associate's degree in Finance or related field

Job description

Full Time Regular Policy Sales Virginia, Mount Olive, VA, US

6 days ago Requisition ID: 1504

Salary Range: $37,440.00 To $41,000.00 Annually

Base Salary: Generally $37,440 - $41,000

In addition to base salary, this position is commission eligible.

Actual starting base pay will be determined based on several factors including skill, experience, expertise, education and location.

Position: Mortgage Loan Officer

Reports to: Mortgage Sales Manager

Reports to this position: None

FLSA Status: Non-Exempt

Role Summary:

Solicit and originate first lien residential permanent and construction mortgage loans. Interface with the customers and be responsible for taking applications and negotiating or accepting mortgage loan terms. Key responsibilities include soliciting potential customers by making outside sales calls on realtors, builders, developers, CPAs, attorneys, and other professionals, as well as making inside sales calls on branches.

Specific Job Functions (Duties/Responsibilities):

• Solicit residential first lien mortgages through contacts with realtors, builders, developers, and other professionals.
• Establish and maintain a good working relationship with branches to help branch personnel keep mortgages top-of-mind when dealing with their clients and to ensure that they are comfortable in referring their clients to the mortgage personnel.
• Interview applicants to develop information concerning their needs, desires, and financial situation to assist in determining how best to meet the needs of those applicants
• Obtain and analyze from the applicants pertinent financial, economic, and credit data needed in order to make informed decisions.
• Negotiate loan terms and conditions with applicants.
• Keep informed about trends and developments in the local real estate market, as well as the dynamic rules and regulations pertaining to both private and government-insured mortgage loans.
• Call on potential or existing customers as assigned to develop new business or retain existing business.

Base Salary: Generally $37,440 - $41,000

In addition to base salary, this position is commission eligible.

Actual starting base pay will be determined based on several factors including skill, experience, expertise, education and location.

Position: Mortgage Loan Officer

Reports to: Mortgage Sales Manager

Reports to this position: None

FLSA Status: Non-Exempt

Role Summary:

Solicit and originate first lien residential permanent and construction mortgage loans. Interface with the customers and be responsible for taking applications and negotiating or accepting mortgage loan terms. Key responsibilities include soliciting potential customers by making outside sales calls on realtors, builders, developers, CPAs, attorneys, and other professionals, as well as making inside sales calls on branches.

Specific Job Functions (Duties/Responsibilities):

• Solicit residential first lien mortgages through contacts with realtors, builders, developers, and other professionals.
• Establish and maintain a good working relationship with branches to help branch personnel keep mortgages top-of-mind when dealing with their clients and to ensure that they are comfortable in referring their clients to the mortgage personnel.
• Interview applicants to develop information concerning their needs, desires, and financial situation to assist in determining how best to meet the needs of those applicants
• Obtain and analyze from the applicants pertinent financial, economic, and credit data needed in order to make informed decisions.
• Negotiate loan terms and conditions with applicants.
• Keep informed about trends and developments in the local real estate market, as well as the dynamic rules and regulations pertaining to both private and government-insured mortgage loans.
• Call on potential or existing customers as assigned to develop new business or retain existing business.

JOB REQUIREMENTS:

Knowledge/Skills/Abilities Required:

• Thorough knowledge of all applicable laws, requirements, regulations, and rules relating to mortgage lending and real estate, including RESPA, SAFE Act, BSA, Reg B, Reg Z, HOEPA, and others.
• Ability to build and maintain a residential mortgage loan pipeline.
• Ability to act as the primary liaison with borrowers throughout the entire loan process, from initial inquiry/application to closing.
• Experience in originating mortgage loans and documenting loan files in a manner that facilitates final approval of the loans.
• Ability to work with limited supervision.
• Ability to sell and refer mortgages and other Bank products and services.
• The ability to organize and schedule daily appointments.
• Ability to effectively communicate, both orally and in writing.
• Ability to work under pressure, while maintaining good customer and staff relations.
• Ability to obtain and hold an NMLS Registration number.

Education/Experience Requirements:

• Associate's degree in Finance or related field, or equivalent experience.
• Three or more years of mortgage lending experience preferred.
• One or more years in community banking preferred.
• Knowledge of Real Estate markets preferred.