Mortgage Loan Officer

Cambridge Savings Bank; Waltham (MA); Hybrid; USD 45,000 - 60,000; Full time

Benefits offered by this job

Healthcare

401(k) plan and match

Parental planning

Mental health benefits

Performance bonus opportunities

Flexible time off

Job summary

Cambridge Savings Bank is seeking a Mortgage Loan Officer in a hybrid role in Waltham, MA. You will originate residential mortgage products and Home Equity loans, build relationships with real estate professionals, and promote CSB products while adhering to fair lending guidelines and CRA requirements.

In this position you will network with branch partners, meet loan production goals, and provide outstanding service to CSB customers.

Qualifications

• High School Diploma or GED equivalent.
• 2+ years experience in outside mortgage banking sales.
• Understanding of secondary market underwriting guidelines, PMI, and condo standards.
• Must be able to register with the Nationwide Mortgage Licensing System.
• Excellent interpersonal and communication skills.
• Ability to meet established goals and travel across Massachusetts.

Responsibilities

• Originate high quality loans meeting CSB guidelines.
• Solicit customers by developing relationships with real estate professionals and referral sources.
• Determine and recommend loan products to meet customer needs and cross-sell CSB products.
• Meet loan production goals and service existing mortgage customers with superior experiences.
• Participate in networking and community involvement activities.
• Establish relationships with other employees and operations partners.

Skills

Interpersonal skills

Communication skills

Travel across MA

Education

High School Diploma/GED

Job description

Position Summary

At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity and inclusion. Responsible for selling and originating residential mortgage products and Home Equity products, using initiative and imagination in finding and developing new sources of business. Responsible for Fair Lending outreach and follow through on the Community Reinvestment Act.

Brief Description

POSITION: MORTGAGE LOAN OFFICER

Position Summary

At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity and inclusion. Responsible for selling and originating residential mortgage products and Home Equity products, using initiative and imagination in finding and developing new sources of business. Responsible for Fair Lending outreach and follow through on the Community Reinvestment Act.

Key Result Areas

• Originate high quality loans which meet CSB guidelines
• Solicit customers by developing relationships with real estate professionals, builders, local housing agencies, and other business referral sources
• Determine and recommend appropriate loan products to meet the customer’s needs, promoting and cross-selling Bank products and services, as appropriate
• Meet established loan production goals, service existing mortgage customers, and consistently deliver superior experiences to all CSB customers
• Participate in networking and community involvement activities
• Support the Commercial Lending division as needed
• Establish and maintain effective working relationships with other employees & Operations partners.
• Network with Branch partners to generate joint referrals (where applicable)
• Continually complete ongoing job training and development as needed to remain current on market trends, products, and education
• Perform additional duties as required

Qualifications

• High School Diploma/GED equivalent or 15 years of mortgage origination experience
• 2+ years experience in outside mortgage banking sales, with knowledge of mortgage financing and mortgage programs
• Understanding of secondary market underwriting guidelines, P.M.I, and condominium standards
• Successfully register with the Nationwide Mortgage Licensing System
• Excellent interpersonal and communication skills
• Ability to meet established goals, interact with customers effectively, and work without direct supervision
• Must be able to travel across Massachusetts

The above description covers the most significant major responsibilities but does not exclude other occasional responsibilities and accountabilities, the inclusion of which would be in conformity with the major purpose of this job.

Location

Hybrid/Waltham, MA

Disclosure

This position pays a guaranteed hourly draw of $21.63 per hour. In addition to the hourly draw, Mortgage Loan Officers are eligible to earn commissions based on individual performance and company guidelines. Commission structures will be discussed during the interview process. In additional, Cambridge Savings Bank offers a wide range of comprehensive and inclusive employee benefits for full-time roles including

• healthcare
• parental planning
• mental health benefits
• performance bonus opportunities
• a 401(k) plan and match
• flexible time off
• others

Visa Sponsorship: Cambridge Savings Bank is unable to sponsor or take over sponsorship of an employment visa for this role at this time.

About Cambridge Savings Bank

Cambridge Savings Bank is a full-service banking institution with over $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. To learn more about how we can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370.

Cambridge Savings Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.