Mortgage Loan Originator

Bank Iowa; Pella (IA); On-site; USD 50,000 - 80,000; Full time

Job summary

Bank Iowa is seeking a Mortgage Loan Originator to originate first mortgage loans and grow mortgage business through referrals and marketing, delivering friendly, quality service in person or by phone.

Core responsibilities include building investor and real estate network, guiding applicants through underwriting guidelines, and maintaining a robust pipeline to meet goals. Typical hours are Monday–Friday 8:00 AM–5:00 PM; base salary with incentive based on volume.

Responsibilities

• Develops and maintains relations with investors, homebuilders, real estate professionals and other business contacts to provide loan production sources.
• Interviews loan applicants, gathers financial information, and evaluates requests per Bank policy and lending guidelines.
• Monitors marketplace and sales performance; maintains and updates pipeline reports to meet Bank goals.

Job description

What You’ll Be Doing

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.

What You’ll Be Doing

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.