Community Lending Officer

Bank Of America Corporation Boston , MA 02298

Posted 2 months ago

Job Description:

This position can be filled throughout the U.S.; however, the main area of interest resides in Los Angeles.

The Community Lending Officer (CLO), within Retail Sales, will be focused Supporting Low to Moderate Income (LMI) clients in critical markets by managing the end-to-end consumer mortgage referral requests that originate within Financial Centers, with additional flat dollar amount based on LMI unit production. Other sources of revenue to meet 100% of mortgage sales goals may be developed through self-sourcing from relationships with local realtors and/or builders. The CLO will successfully complete pre-assigned training activities and achieve personal production goals. The plan structure provides an additional incentive opportunity based on LMI production. This position is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. Since your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in disciplinary action up to and including termination.


The Financial Center Community Lending Officer is responsible for originating retail mortgage loans and other lending products through maximizing client relationships within a designated Financial Center. This individual would have an extensive understanding of the local Affordable Housing Market, Housing Assistance Programs, and experience providing thoughtful lending solutions and guidance to Low to Moderate Income and First Time Homebuyers. Contact may be either telephonic or in-person. Must complete curriculum to achieve certification in Neighborhood Lending. This position is subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. Since your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in your immediate termination.


Required Skills:

  • Two years of experience in loan originations

  • Knowledge of conventional and/or government guidelines as well as affordable mortgage products and programs

  • Knowledge of processing underwriting and/or closing procedures/federal lending regulations governing real estate lending

  • Ability to organize and deliver Home Buyer Workshop presentations

  • Strong written and verbal communications skills

  • Teamwork and client service skills a must

  • Self-motivated and highly organized

  • Ability to prioritize multiple competing tasks

Desired Skills:

  • Familiar with FHA and HUD guidelines

  • Knowledge of community housing counseling agencies

  • Knowledge of local competition product offerings and real estate market dynamics

  • Strong computer skills including MS applications and previous experience utilizing laptop technology for client communication purposes including accessing rate, credit and loan status information

  • Solid time management skills and the ability to organize, prioritize and perform multiple tasks simultaneously

  • Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences

  • Ability to analyze and comprehend complex financial data and provide appropriate financial solutions

  • Professional and effective interpersonal skills

Bank of America will consider for employment qualified applicants with criminal histories consistent with San Francisco ordinance 17-14 and federal law applicable to Bank of America.

Posting Date: 07/23/2019

Location: Scottsdale, AZ, Kierland FC, 14636 N Scottsdale Rd, Lancaster, CA, LANCASTER MAIN OFFICE, 730 W Lancaster Blvd, Palmdale, CA, PALMDALE BC, 839 E Palmdale Blvd, Santa Maria, CA, SANTA MARIA BC, 300 TOWN CTR E, Santa Rosa, CA, CODDINGTOWN CENTER BC, 1155 W Steele Ln, San Jose, CA, 560 S WINCHESTER BLVD (CA3512), Napa, CA, 700 MAIN ST (CA3811), Oakland, CA, 180 Grand Ave (CA4519), San Francisco, CA, 315 MONTGOMERY ST (CA5704), Oxnard, CA, OXNARD MAIN OFFICE, 1855 N Oxnard Blvd, City Of Industry, CA, CITY OF INDUSTRY BC, 150 N Hacienda Blvd, Anaheim, CA, ANAHEIM MAIN OFFICE, 300 S HARBOR BLVD, Atlanta, GA, 300 Galleria PKWY (GA7293), Savannah, GA, 7414 HODGSON MEMORIAL DR (GA9816), South Barrington, IL, SOUTH BARRINGTON BC, 9 Executive Ct, Baltimore, MD, BANK OF AMERICA, 100 S Charles St, Boston, MA, 100 FEDERAL ST (MA5100), Troy, MI, TROY HEADQUARTERS, 2600 W Big Beaver Rd, Newark, NJ, UNIVERSITY HEIGHTS BC, 1 Springfield Ave, Atlantic City, NJ, CHELSEA CLUSTER BC, 2900 Atlantic Ave, - United States

Travel: No

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

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