Residential Mortgage Lending Specialist

Citigroup Inc.; Gaithersburg (MD); On-site; USD 108,000 - 132,000; Full time

Job summary

Citigroup Inc. in Gaithersburg, MD, is seeking a Mortgage Lending Officer to originate high-quality residential real estate loans and build client relationships with real estate agents, clients, and referral sources.

You will consult on financial goals, analyze borrower information, and collaborate with internal partners to ensure smooth loan processing and timely closings. The role requires 5-8 years in residential mortgage, sales/finance experience, and knowledge of FHA/VA and conventional

Qualifications

• 5-8 years of experience.
• Residential Mortgage experience required.
• 1+ year previous sales, credit and/or finance experience required.
• Proven product sales capability is required.
• FHA/VA & conventional loan experience is preferred.
• The ability to comprehend and explain financial calculations and pricing alternatives.
• The ability to communicate with customers about the proper documents and information needed to obtain a particular loan.
• Knowledge of the laws and regulations that govern consumer lending, including fair lending, privacy, and RESPA.
• Demonstrated customer service skills.
• Self-motivated and able to work independently.
• Strong relationship development and management skills.
• Expertise of general lending products and overall mortgage industry.

Responsibilities

• Consult with customers about their financial situation, financial and personal objectives and lending needs for the purpose of helping them achieve their home ownership goals.
• Collect and analyze information about the customer's financial situation, financial and personal goals, tolerance for risk and change, plans for the future, income, assets, debts, cash flow, and credit history.
• Analyze financial information for customers to make an initial assessment regarding whether the customer and the property may qualify for a particular lending solution.
• Make recommendations to customers about which lending solutions would best meet the customers' financial and personal objectives
• Advise customers about the consequences, risks, and benefits of alternative lending solutions.
• Promote Citi's brand, and promote Citi as the provider for lending and other financial solutions. This includes promoting Citi and its financial services to real estate agencies, builders, other referral sources, and customers.
• Visit customers outside of Citi's offices, with such visits to vary based on clientele, geography, market conditions, and other factors.
• Work as a team with all internal partners to support and grow our customers.
• Refer customers who seek financial services other than lending solutions to the appropriate Citi professionals.
• Partner with Operations teams to ensure the seamless transfer of the loan application in order to provide documents to the Processors and acquire any additional information needed by the Processors and/or Underwriters.
• Work with Processors/Closers and customers to ensure the timely closing of the customer's loan.
• Go outside to key referral relationships (Realtors, CPA's, Builders, etc). to drive mortgage business into the bank.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
• Build and maintain relationship with clients, Bank Teams, Wealth Advisors and support teams to drive new business and retention of mortgage lending and bank deposits and investments
• Introduce Citi Wealth Teams (bankers, wealth advisors, small business) to self-sourced clients and work together to expand / deepen relationships, and work together on strategic plans to acquire new clients
• Keep abreast of trends and developments in local marketplace, as well as changing rules and regulations across the industry, and expand internal and external network to better serve clients and industry professionals and represent Citi at industry events as a subject matter expert.
• >$50M or 150 units of annual production (not to be published publicly)

Education

Bachelor's degree

Job description

Citigroup Inc. in Gaithersburg, MD, is seeking a Mortgage Lending Officer to originate high-quality residential real estate loans and build client relationships with real estate agents, clients, and referral sources.

You will consult on financial goals, analyze borrower information, and collaborate with internal partners to ensure smooth loan processing and timely closings. The role requires 5-8 years in residential mortgage, sales/finance experience, and knowledge of FHA/VA and conventional