Mortgage Loan Originator

IBC Bank; Laredo (TX); On-site; USD 45,000 - 75,000; Full time

Job summary

IBC Bank is seeking a Mortgage Loan Originator in Texas. This in-office role focuses on proactively soliciting new residential mortgage business, leveraging bank referral leads, and selling IBC Mortgage products.

You will build a quality network of referrals to sustain opportunities and collaborate with the IBC Bank Sales Team and Commercial Bankers. You will evaluate loan applications, understand disclosures and pricing, and guide borrowers through the home buying and financing process from

Qualifications

• Understanding of residential mortgage products and regulatory disclosures.
• Takes borrower information and completes the application.
• Analyzes borrower income and debt to pre-qualify.
• Explains closing costs and monthly payments for different products.
• Quotes interest rates and fees.
• Maintains contact with borrowers and Realtors between application and closing.
• Assists borrowers in understanding and clearing credit problems.
• Participates in the loan closing.

Responsibilities

• Develops and maintains a network of referrals for mortgage opportunities.
• Develops relationships with bank sales teams and commercial bankers.
• Evaluates and recommends approval of residential real estate loan applications.
• Understands loan products, disclosures, and pricing.

Skills

Communication skills

Pipeline management

Teamwork

Customer service

Self-motivated

Highly organized

Income from tax returns

Education

High School diploma or equivalent

College degree preferred

RMLO license preferred

NMLS registration

Mortgage process knowledge

Residential loan origination experience

Job description

IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects its dedication to the growth and success of its employees, customers and communities. IBC bank hires talented, creative and dedicated individuals to help our business succeed. We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence. We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience.

Time Type:

Full time

This is an in-office position.

Department:

1070 Mortgage Sales Origination

Job Summary:

The Mortgage Loan Originator position is a sales oriented position where the loan originator proactively solicits new residential mortgage business, works bank referral leads, and sells IBC Mortgage products. The MLO continually develops and maintains a quality network of business relationships that serve as a recurring source of referrals for new mortgage opportunities and develops relationships with the IBC Bank Sales Team and IBC Commercial Bankers. The Mortgage Loan Originator also evaluates and authorizes or recommends approval of applications for residential real estate loans, and possesses an understanding of relevant loan products, regulatory disclosures, and interest rate pricing.

Job Description:

ESSENTIAL JOB FUNCTIONS

The statements on this job description are intended to describe the general nature of level of work being performed by incumbents. They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.

• Develops and maintains a quality network of business relationships that serve as a recurring source of referrals for new mortgage opportunities
• Develops relationships with the IBC Bank Sales team and IBC Commercial Bankers
• Evaluates and recommends approval of applications for residential real estate loans
• Possesses an understanding of relevant loan products, regulatory disclosures, and interest rate pricing
• Takes information from the borrower and completes the application
• Analyzes the prospective borrower's income and debt and pre-qualifies the prospective borrower
• Educates the prospective borrower in the home buying and financing process, advises the borrower about the different types of loan products available, and demonstrates how closing costs and monthly payments could vary under each product.
• Quotes interest rates and fees
• Maintains regular contact with the borrower and Realtors between application and closing
• Assists the borrower in understanding and clearing credit problems
• Participates in the loan closing
• Performs other related duties as assigned

SKILLS

• Strong written and verbal communication skills
• Ability to manage a pipeline
• Teamwork
• Strong customer service skills
• Self-motivated
• Highly organized
• Ability to calculate qualifying income from federal tax returns

EDUCATION

• High School graduate or equivalent
• College degree preferred
• 2 years recent experience preferred in residential loan originations
• RMLO license highly preferred (NMLS registration required)
• Knowledge of Conventional and Government Mortgage products
• Knowledge of procession, underwriting, closing and funding of mortgage loans