Mortgage Loan Originator

LE001 Northwest Bank; Bellevue (WA); On-site; USD 65,000 - 105,000; Full time

Job summary

Northwest Bank is seeking a Mortgage Loan Originator in the Bellevue area to actively solicit residential mortgage business and build referral networks. You will advise applicants on loan options, ensure documentation is complete, and collaborate with team members to meet production goals.

The role requires 3–5 years of mortgage origination or sales experience, knowledge of conventional and government loan programs, and proficiency with Encompass, Freddie Mac LPA, and Optimal Blue pricing.

Qualifications

• 3 - 5 years mortgage origination or sales experience.
• Knowledge of conventional, government loan products and guidelines including Fannie Mae, Freddie Mac, FHA, USDA-Rural Housing and VA loans.
• Knowledge of Ellie Mae-Encompass Loan Origination software, Freddie Mac – Loan Product Advisor and Optimal Blue pricing engine.
• Sales skills with the ability to turn prospects into customers.

Responsibilities

• Proactively solicit new residential mortgage business through internal and external sources.
• Submit complete credit applications with supporting documentation.
• Develop and maintain relationships with internal and external referral sources.
• Advise customers on loan products and pricing to fit their goals.

Skills

Sales skills

Networking

Team collaboration

Education

High School Diploma

Tools

Ellie Mae-Encompass LO software

Freddie Mac Loan Product Advisor

Optimal Blue pricing engine

Job description

The Mortgage Loan Originator is responsible for proactively soliciting new residential mortgage business through internal and external sources in an assigned geographic area. This individual will participate in business related development opportunities, professional organizations, and community efforts to promote homeownership.

Essential Functions

• Ensure compliance with third party agencies and vendors
• Ensure exceptional customer service experience throughout the loan origination process.
• Interact with other team members and other departments in a professional manner
• Submit complete credit applications with supporting documentation
• Develop and maintain successful relationships with internal and external referral sources
• Prospect new mortgage lending opportunities
• Facilitate communication activities with customers and referral sources during loan origination process
• Review applications, credit files, and customer qualifications to determine appropriate loan products and pricing
• Counsel and coach loan applicants to assist them towards their goals and to deliver the best loan products for their needs
• Request timely loan rate locks for Secondary Marketing
• Maintain up-to-date knowledge of loan products including conventional, portfolio, FHA,VA, USDA-Rural Housing programs and secondary market rules
• Achieve production and quality goals
• Cross-sell other Northwest products and services to loan applicants

Additional Essential Functions

• Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Experience

• 3 - 5 years mortgage origination or sales experience

Education

• High School Diploma

General Employee Knowledge, Skills, and Abilities

• Ability to establish effective working relationships among team members and participate in solving problems and making decisions
• Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written
• Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information
• Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information
• Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas

Additional Knowledge, Skills and Abilities

• Ability to successfully meet production and quality goals
• Knowledge of banking industry laws, regulations, and the retail origination process
• Knowledge of conventional, government loan products and guidelines including Fannie Mae, Freddie Mac, FHA, USDA-Rural Housing and VA loans
• Knowledge of Ellie Mae-Encompass Loan Origination software, Freddie Mac – Loan Product Advisor and Optimal Blue pricing engine
• Knowledge of retail mortgage loan pricing
• Sales skills with the ability to turn prospects into customers
• Strong networking and organizational skills
• Ability to work collaboratively and manage multiple deadlines and priorities

Licenses and Certifications

• Nmls Registry Per the SAFE Act, annual renewal as a condition of employment

#LI-MM1 Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees. At Northwest, we’re here for what's next. Whether we're finding opportunities for families, businesses and communities or opening doors for our team, we share a passion for helping the people around us succeed. And we know that in order to provide the highest level of care, we need to understand unique experiences and perspectives. That's why, whether you're interested in a corporate role or something customer-facing, your talent and voice matter. Here, you belong. Working at Northwest, you'll find that we recognize our employees for the important work they do through competitive compensation and benefits, professional development opportunities and by regularly celebrating wins along the way. So, take a look at the opportunities here. And join us as we move into the future making a difference for the people we serve.