Mortgage Loan Originator

IBC; San Antonio (TX); On-site; USD 55,000 - 85,000; Full time

Job summary

IBC Bank seeks a Mortgage Loan Originator to proactively solicit new residential mortgage business, leverage bank leads, and sell IBC Mortgage products. You will build and nurture a network of referrals, work with the Sales Team and Commercial Bankers, and evaluate loan applications for residential real estate loans.

You will understand loan products, regulatory disclosures, and pricing; guide borrowers from information gathering to application; and participate in closings as needed.

Qualifications

• High school graduate or equivalent required or preferred degree.
• Experience in residential loan originations is preferred.
• RMLO license is highly preferred (NMLS).
• Knowledge of conventional and government mortgage products.
• Understanding processing, underwriting, closing and funding.

Responsibilities

• Develops and maintains a quality network for mortgage referrals.
• Builds relationships with IBC Bank Sales and Commercial Bankers.
• Evaluates and recommends residential real estate loan approvals.
• Understands loan products, disclosures and rate pricing.
• Collects borrower information and completes applications.
• Pre-qualifies borrowers by analyzing income and debt.
• Educates borrowers on home buying, financing options and costs.
• Quotes rates and fees; maintains borrower contact through closing.
• Assist borrowers in clearing credit problems and participates in closings.

Skills

Communication

Pipeline management

Teamwork

Customer service

Self-motivated

Highly organized

Income from tax returns

Education

High School graduate or equivalent

College degree preferred

2 years residential loan originations experience

RMLO license preferred

Conventional and Government Mortgage knowledge

Processing, underwriting, closing knowledge

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 hirestalented, creative and dedicated individualsto 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