Mortgage Loan Originator

Bank-Iowa-1; Pella (IA); Vor Ort; USD 65.000 - 110.000; Vollzeit

Zusammenfassung

Bank Iowa seeks a Mortgage Loan Originator to originate first mortgage loans and expand the Bank's mortgage business. You will service clients in person or by phone, build referral networks, and ensure compliance with underwriting guidelines and regulations.

The role requires 3-5 years of residential mortgage lending experience, a Bachelor’s degree in business or finance preferred, and current MLO registration. Base salary plus incentive based on volume and performance.

Qualifikationen

• Bachelor's degree, major in business or finance preferred.
• 3-5 years of residential mortgage loan officer experience is required.
• Strong understanding of underwriting criteria, residential market guidelines, and the ability to work independently.
• Must register as a mortgage loan originator with the Nationwide Mortgage Licensing System and Registry and obtain a unique identifier before engaging in MLO activities.

Aufgaben

• Develops and maintains relations with investors, homebuilders, real estate professionals, and other business development contacts.
• Assist in formalizing and implementing sales strategies and marketing approaches.
• Solicits first mortgage loans and informs clients of underwriting guidelines.
• Interviews applicants, gathers financial information, and evaluates loan requests.
• Completes loan applications and pre-processing to ensure timely good faith estimates.
• Maintains pipeline reports and monitors volume against Bank goals.
• Researches legislation and regulations affecting lending policy.
• Develops a diverse referral base through an active referral network.

Kenntnisse

Client service

Communication

Organization

Microsoft Word

Ausbildung

Bachelor's degree

Tools

Microsoft Word

Excel

Loan origination software

Jobbeschreibung

The Mortgage Loan Originator is responsible for originating first mortgage loans and the development of new mortgage business through established referral sources and marketing efforts to increase the Bank’s presence and competitiveness with the Bank’s target market. Provides friendly, quality client service and treats clients with respect and dignity, either in person or on the phone.

Core Responsibilities

• Develops, fosters and maintains relations with investors, homebuilders, real estate professionals, market representatives and other business development contacts to provide strong sources for loan production.
• Assist in formalizing and implementing sales strategies and marketing approaches.
• Solicits first mortgage loans, informs prospective loan clients of the Bank's underwriting guidelines and government regulations.
• Monitors marketplace and organization sales performance.
• Interviews loan applicants, gathers and analyzes relevant financial information, and evaluates loan requests in accordance with Bank policy and lending guidelines.
• Completes loan application and all pre-processing functions in a timely manner to ensure good faith estimate is mailed within three-day business period.
• Maintains and monitors pipeline reports to ensure volume and quality are consistent with Bank's goals and objectives, policies and procedures.
• Research new legislation and regulations that may affect the Bank's lending policy.
• Develops and maintain a diverse referral base by establishing an existing and active referral network.
• Has access to confidential information about clients and accounts. Protects the privacy and confidentiality of clients, other team members, and work.

General Responsibilities

• Performs other bank related duties as assigned by supervisor.
• Understands and complies with banking regulations by following bank policies and procedures. Stays abreast of relevant regulations, current industry matters, and any changes implemented internally to ensure compliance.

This is a full-time position and typical work hours and days are Monday through Friday 8:00 AM to 5:00 PM. Some flexibility may be necessary to participate in community events after normal business hours. This role is base salary + incentive based on volume.

Requirements

Required Education & Experience

• Bachelor's degree, major in business or finance preferred.
• 3-5 years of residential mortgage loan officer experience is required.
• Must have a strong understanding of underwriting criteria, residential market guidelines, and the ability to work independently.
• This position requires the team member to register as a mortgage loan originator with the Nationwide Mortgage Licensing System and Registry ("Registry") and to obtain a unique identifier from the Registry before engaging in mortgage loan originator activities, to maintain and renew the registration on an annual basis, and to update registration information with the Registry on a timely basis, and to provide that unique identifier to consumers as required by applicable SAFE Act regulations and the Bank's policies and procedures.

Additional Qualifications Include

• Ability to exhibit our values; Think Big, Be People-Centered, Enable Great Things, and Bring your Best.
• Working knowledge of loan documents, previous experience in servicing real estate loans.
• Ability to operate basic office machines including calculator, copy and fax machines. Computer experience is essential and knowledge of Microsoft Word and Excel is preferred.
• Must demonstrate excellent organizational and verbal and written communication skills and problem-solving skills.

What you’ll love about us

Our team members love working here, and the prevailing reason is this: our people. In addition to the great team you will be a part of, here are some of the other reasons why our team members love working here:

• A competitive financial package we want you to bring your best so in addition to your compensation, every team member receives a bonus opportunity, a generous 401k match, and discretionary profit sharing.
• Robust benefits and wellness - we are proud to offer health, dental and vision insurance as well as a wellness program designed to help drive down your premiums for benefits-eligible team members. Our wellness initiatives promote positive change and allow our team members to think big.
• Blending work and life – As a people-centered organization, each team member is provided a generous PTO bank. Bank Iowa team members receive 11 paid observed holidays, 100% paid parental leave, an opportunity for sabbatical leave, generous bereavement, and an employee assistance program designed to support team members throughout various stages in their lives.
• Continued learning opportunities – Bank Iowa enables great things and supports team member development at every stage of your career. Our development approach focuses on your innate talents and developing those into areas of strengths. Learning experiences are available in formal & informal training settings, as well as on-the-job training. Development programs are available in-person and online. Our tuition reimbursement program is available to support formal education programs.
• Community Involvement – Our team members are active members of their communities and people-centered. Bank Iowa aspires to be a center of influence in each of the 22 communities we are located in. In addition to company-sponsored volunteer opportunities, we offer paid volunteer time off (VTO), which allows team members to give their time to organizations they care about, without having to use PTO.
• Recognition – Bank Iowa is proud of our team members who “Live our Values”. Our peer nominated recognition program presented annually, recognizes and celebrates team members who exemplified our values from the past year.

Our People-Centered Culture

At Bank Iowa our purpose is to Empower People, Inspire Success and Foster Growth. Bank Iowa is one of the leading independent Ag banks and the second-largest family-owned bank in the state of Iowa. Our bank family consists of team members and clients throughout Iowa who we serve in our 22 communities.

At Bank Iowa, we’re proud to put people first, and we value our team members as much as our clients. We support team member development by focusing on their innate talents and developing those into areas of strength. We offer an environment where people care about each other like family. If you’re looking for a career with colleagues who have the opportunity to bring their best, think big, and enable great things, Bank Iowa is the place for you.

Bank Iowa is an equal opportunity employer with a passion for creating an inclusive environment where all people are truly welcomed, valued and respected – for all of who they are – regardless of differences. All applicants will be considered for employment without regard to age, race, color, sex, pregnancy, sexual orientation, gender identity, military service, national origin, religion, physical or mental disability, genetic information, or any other classifications protected by applicable federal, state or local laws.