Mortgage Loan Originator

IBC Bank; Oklahoma City (OK); On-site; USD 48,000 - 75,000; Full time

Job summary

IBC Bank is seeking a Mortgage Loan Originator for an in-office role in Oklahoma City. The MLO will proactively solicit new residential mortgage business, leverage bank referrals, and promote IBC Mortgage products.

This role requires developing a referral network and coordinating with the Sales Team to guide borrowers through applications and closings. Responsibilities include pre-qualifying borrowers, explaining loan options, and maintaining communications with clients and Realtors through

Qualifications

• 2 years of recent experience in residential loan originations.
• RMLO license preferred (NMLS).
• Knowledge of Conventional and Government Mortgage products.
• Understanding of processing, underwriting, closing and funding of mortgage loans.

Responsibilities

• Develop and maintain a quality network of referrals for mortgage opportunities.
• Collaborate with IBC Bank Sales Team and IBC Commercial Bankers.
• Evaluate and recommend approval of residential real estate loan applications.
• Understand relevant loan products, disclosures, and rate pricing.
• Take borrower information and complete applications.
• Analyze income and debt to pre-qualify borrowers.
• Educate borrowers on home buying and financing options.
• Quote rates and fees to borrowers.
• Maintain contact with borrowers and Realtors from application to closing.
• Assist borrowers in understanding and clearing credit issues.
• Participate in loan closings and related duties.

Skills

Communication

Pipeline management

Teamwork

Customer service

Self-motivation

Organization

Income calculation

Education

High School diploma

College degree preferred

2 years residential loan origination experience

RMLO license preferred (NMLS)

Knowledge of Conventional & Government Mortgage products

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