Residential Mortgage Loan Officer

Centreville Bank; New London (CT); On-site; USD 50,000 - 80,000; Full time

Job summary

A regional banking institution is seeking a Residential Mortgage Loan Officer to originate mortgage loans while achieving sales goals and promoting the Bank's services. The ideal candidate will have a Bachelor’s degree in Business or related field, familiarity with lending practices, and strong communication skills. Responsibilities include maintaining customer service levels, preparing loan packages, and developing relationships with realtors and the community. Competitive compensation and growth opportunities are offered.

Qualifications

• Previous experience in mortgage banking is preferred.
• Familiarity with lending practices and regulatory environment.
• Strong written and verbal communication skills required.

Responsibilities

• Originate residential mortgage loans and achieve sales goals.
• Maintain high level of customer service and follow up.
• Prepare residential loan packages in accordance with Bank standards.

Skills

Customer relationship development

Sales goals achievement

Communication skills

Multitasking

Education

Bachelor’s degree in Business or related field

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Job description

Residential Mortgage Loan Officer

Originates residential mortgage loans; achieve and exceed sales goals; promote the Bank and its lending services to the real estate community; participate in and promote the Bank in community activities; develop and follow through on all sales leads and referrals providing high quality service.

Key Accountabilities

• Solicit customers by developing relationships with Realtors, builders, lawyers, accountant and business owners to ensure a continuous reference source for mortgages and loans. Conducts meetings and / or seminars to cultivate relationships.
• Demonstrated ability to meet loan production goals; thorough knowledge of all mortgage real estate loan criteria, documentation and requirements, and all relevant industry regulations.
• Maintain high level of customer service by clearly communicating terms of loan options available, follow up, and availability to answer questions. Compiles and analyzes data for residential real estate loan requests and evaluates loan applications and documentations for credit worthiness.
• Prepares residential loan packages in accordance with Bank standards. Accountable for the quality and delivery of a well-documented file with a timely application submission. Outlines loan terms and conditions, and informs the borrower of loan commitments.
• Effectively utilizes pipeline management to track and effectively manage loans on a daily basis.
• Maintain a database of past clients for future marketing opportunities.
• Keeps management apprised of competitive products, pricing and marketing activities. Distributes market data and general loan information to the real estate community as directed by Bank management.
• Participates and promotes the Bank’s networking, CRA programs, and community involvement activities. Must stay informed of trends and developments in the local real estate market. .Maintain current knowledge and consistent compliance with regulations, bank policies and procedures related to the position, including but not limited to Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements.

Qualifications

• Bachelor’s degree in Business or related field. Previous experience in mortgage banking preferred.
• Familiarity with lending practices, regulatory environment, and banking products and services.
• Strong written and verbal communication skills required.
• Proficient in Microsoft Word, Excel, and PowerPoint.
• Ability to multitask and work independently in a deadline driven environment.