Mortgage Loan Officer (experienced)

Royal Banks of Missouri; St. Louis (MO); Hybrid; USD 50,000 - 90,000; Full time

Job summary

Join a dynamic team as an experienced Mortgage Loan Officer, where you'll guide clients through the mortgage process with your expertise and existing book of business. This commission-based role allows you to leverage your interpersonal and analytical skills to meet diverse client needs, from first-time mortgages to refinancing. You'll maintain strong relationships with local real estate professionals while staying updated on market trends and lending requirements. A forward-thinking bank offers a hybrid work environment that values your contributions and supports your professional growth in the mortgage lending sector.

Qualifications

• 3-5 years of experience in mortgage lending or related field.
• Bachelor’s degree preferred and NMLS License required.

Responsibilities

• Assist clients with mortgage applications and analyze their lending needs.
• Review and assess loan applications and credit histories.

Skills

Customer Service Skills

Interpersonal Skills

Sales Skills

Analytical Skills

Education

Bachelor’s degree in Finance or Business Administration

NMLS License

Tools

Microsoft Office Suite

Job description

FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Discover How You Can Join the Royal Banks Team!

See our current openings below.

Please call [phone] and ask for the Human Resources department with any questions about employment opportunities.

Position: Mortgage Loan Officer (experienced)

Location: Claymont, St. Louis, MO

Job Id: 360

# of Openings: 1

Job Summary:

The experienced Mortgage Loan Officer will assist clients as they navigate the mortgage process. Utilizing their center of influence, the Mortgage Loan Officer will obtain applications from prospective borrowers, then process, analyze, and prepare for closing and/or sale, mortgage loan applications for the purchase or refinance of real estate. This position is commission-based and requires the Mortgage Loan Officer to have at least three to five years' experience working on commission and with an existing book of business.

Duties/Responsibilities:

• Meets with and interviews potential and current clients to understand their lending needs including first-time mortgages and refinance of existing loans.
• Explains the differences between and approval requirements of various types of mortgages; prepares and presents a lending package based on client specifications.
• Assists clients with completion of mortgage applications, inspecting completed documents for accuracy and thoroughness.
• Reviews loan applications, gathers credit histories and reports, and assesses applicants’ capacity to repay and default risk.
• Based on predetermined requirements, assesses, and grants or rejects mortgage applications.
• Maintains knowledge of trends and developments in the local real estate market; current and predicted lending rates; and changes in rules, regulations, and best practices of various mortgages.
• Develops and maintains contacts with local realtors, developers, and builders to promote and encourage the use of bank services for residential mortgages.
• Performs other duties as assigned.

Supervisory Responsibilities:

• May assist with training new mortgage officers.
• Must have a strong conversion rate from application to closed loans.
• Must be able to maintain and build centers of influence.
• Must be a self-starter with little supervision.
• Excellent interpersonal and customer service skills.
• Proficient with Microsoft Office Suite or related software.

Education and Experience:

• Three to five years of prior experience with mortgage lending or related field.
• Bachelor’s degree in Finance or Business Administration strongly preferred.
• NMLS License required.

Physical Requirements:

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift 15 pounds at times.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate. This is a hybrid position.