Residential Mortgage Lender

Bank Of Wolcott; Monticello (IN); On-site; USD 50,000 - 70,000; Full time

Job summary

A regional financial institution in Monticello, Indiana is seeking a Mortgage Loan Officer responsible for overseeing the entire mortgage loan process, from application to closing. The role involves developing referral sources, analyzing financial data, negotiating loan terms, and ensuring compliance with federal lending regulations. Applicants should have a high school diploma, three years of mortgage lending experience, and an NMLS license. Strong communication and organizational skills are essential.

Qualifications

• 3 or more years of residential mortgage lending experience.
• NMLS license required.
• Knowledge of mortgage loan products and federal regulations.

Responsibilities

• Develop new referral sources to grow mortgage business.
• Interview mortgage loan applicants to analyze financial data.
• Establish and negotiate loan terms with customers.

Skills

Customer service skills

Organizational skills

Strong communication skills

Ability to multi-task

Education

High school diploma or equivalent

Job description

General Function:

The position is responsible for assuming overall responsibility for the residential mortgage loan process from application to close, including underwriting evaluation, and collections.

Duties and Responsibilities

• Develop new and expand both internal and external referral sources to grow mortgage business.
• Interview mortgage loan applicants to collect and analyze financial data to determine the merits of the specific loan request.
• Establish and negotiate loan terms including costs, repayment method and repayment schedule.
• Advise customers concerning financial matters.
• Review all documents to ensure risk exposure, Loan-to-Value, credit scores, Debt-to-Income ratios, ability to repay, etc.
• Review appraisals for accuracy and completeness.
• Complete and communicate underwriting decision and explain conditions, if any.
• Request and review closing documents and conduct loan closings.
• As necessary, assist with collection activities related to past due mortgage loans.
• Maintain knowledge of Bank policies and procedures.
• Ensure compliance of all state, federal laws and banking regulatory laws.
• Perform other duties as assigned.

Qualifications

• High school diploma or equivalent mandatory.
• 3 or more years of residential mortgage lending experience.
• NMLS license.
• Knowledge of mortgage loan products, processing, underwriting, and closing guidelines.
• Knowledge of federal lending regulations governing real estate lending.
• Demonstrated organizational skills.
• Demonstrated ability to identify opportunities to cross-sell financial products and services.
• Strong written and verbal communications skills.
• Demonstrated teamwork and customer service skills.
• Proven computer skills.
• Ability to multi-task.
• Strong organizational skills.