Mortgage Loan Originator

Gbcijobs; Spokane (WA); On-site; USD 19,000 - 28,000; Full time

Benefits offered by this job

Medical, dental, vision, and life

401(k) with Profit Sharing

Paid time off

Paid holidays

Job summary

Wheatland Bank in Spokane, WA seeks a Residential Loan Officer to originate, review, and approve loan applications from self-generated leads. You will analyze financials, guide applicants through the process, and support growth with real estate agents, while maintaining compliance and a strong client base.

The role requires NMLS registration and produces a base hourly wage plus commissions based on production, with commissions potentially reaching high annual totals.

Qualifications

• Minimum production levels of $400,000/month, $4.8mm/annual.
• Strong business knowledge and credit judgment.

Responsibilities

• Originating, reviewing, processing, closing, and administering loan proposals.
• Interviewing mortgage loan applicants and requesting information for applications.
• Developing business through client base and real estate agent relationships.
• Analyze applicants' financial status, credit, and property evaluation to determine feasibility of granting loan.

Skills

Loan origination

Client development

Credit analysis

Regulatory compliance

Education

High School Diploma or GED

Tools

NMLS licensing system

Job description

About The Role

The Residential Loan Officer will originate, examine, evaluate, and authorize/recommend approval of customer applications for lines of credit and/or real estate loans from self-generated leads and sources. Under the direction of the Director of Residential Lending, the Residential Loan Officer supports the mission objectives of Wheatland Bank and fosters a culture within the institution that promotes high energy teamwork with a “can do” mentality.

The pay for this postion is: $17.13 per hour plus commissions, based on individual production, range of commissions $0 - $350,000/annually. You will become a participant in the MLO incentive plan immediately upon staring employment with us.

PRIMARY RESPONSIBLIES

• Responsible for originating, reviewing, processing, closing, and administering loan proposals.
• Responsible for interviewing mortgage loan applicants and requesting specific information for loan applications.
• Perform business development activities to increase reoccurring productions, including: maintenance of a client base, client and customer calling/monitoring efforts, and additional activities and proposed by management.
• Develop and maintain relationships with real estate agents.
• Analyze applicants’ financial status, credit, and property evaluation to determine feasibility of granting loan. Submit applications to processor and/or underwriting for verification and recommendation.
• Responsible for the input of complete and accurate loan application information while ensuring compliance to company policies.
• Responsible for rate locks, issuance of disclosures, overage/underage, and fee waivers.
• Analyze potential loan markets to develop prospects for new loans. Help define existing loan products and develop new loan products to allow improved profitability and sales execution.
• Will enthusiastically and positively support strategic plans implemented by management.
• Monitors and manages loan pipeline based on critical dates, required quality packaging steps, secondary market requirements and bank priorities.
• Submits status reports to Executive Leadership as requested.

About You

QUALIFICATION REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Minimum production levels of $400,000/month, $4.8mm/annual.

Education and/or Experience

High School Diploma or GED and three to five years residential lending experience utilizing self generated leads with a minimum $8 million annual production volume, including secondary market; underwriting skills and seller and servicer background; or similar position requiring strong business knowledge and credit judgment or equivalent combination of education and experience.

This position will require/requires National Mortgage Licensing System and Registry (NMLS) registration under the terms of the SAFE Act of 2008. As such, upon active employment with Wheatland Bank, you will be required to either register via the NMLS registry or re-register and move your previous registration to Wheatland Bank’s registration rolls. Continued employment in the position with Wheatland Bank is contingent upon successful registration after your start date and annual re-registration thereafter. In addition, information obtained during the registration process may impact your employment with the Bank.

What We Offer

COMPENSATION & BENEFITS

• We offer an extensive benefits package that includes, but is not limited to medical, dental, vision, and life insurance.
• Coverage is available to employees and their eligible dependents in accordance with our written plan documents.
• You may also be eligible for a health savings account option, an Employee Assistance Program (EAP), a health rewards program, a retirement savings plan, including 401(k) and Profit-Sharing plans, short and long-term disability benefits, education and training benefits, and discounts on banking products and services.
• We also offer a generous Paid Time Off (PTO) plan and paid holidays.
• PTO accruals begin at .0745 per hour worked for our part time employees up to a maximum accrual of 240 hours per year for certain Full-Time employees.
• PTO accruals are dependent on position, status (Full time or Part time), and years of experience in accordance with our PTO policy.
• Most Full-Time employees are also offered 6 paid holidays and Part Time employees are offered pro-rated paid holidays.
• In addition, employees in Utah and Nevada may be eligible for pay for certain state recognized holidays.
• Visit our website for more details.

Check it out!

We are an Equal Opportunity Employer and qualified applicants, or employees will receive consideration for employment without regard to race, color, religion, national origin, sex (including pregnancy), sexual orientation, gender identity, mental or physical disability, genetic information, protected veteran status, or any other category protected by applicable federal, state, or local laws.

Glacier Bancorp, Inc. does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.