Home Lending Loan Officer (Salem)

Umpqua Bank Salem , OR 97301

Posted 3 months ago

Originate residential mortgage loans through solicitation and developing relationships with real estate professionals, builders, and other business referral sources. To successfully produce the numbers you are assigned, you will need to maintain a quality network of business relationships that serve as recurring sources of referrals for new mortgage lending opportunities for you and growth for the bank. In this role, your compensation will be based on your ability to produce consistently and you're most likely to succeed if you come in with an existing book of business.

Functions

  • Participate in business related development opportunities, community and bank events in an effort to promote homeownership.

  • Develop and execute marketing plan based on monthly and quarterly production standards. Works with manager to constantly improve performance and exceed minimum monthly standards as set forth in the compensation schedule.

  • Conduct interviews with prospective borrowers to analyze financial and credit data, determines customer financing objectives, advises customer on product/pricing policies and guidelines, and gathers all additional required information in order to complete an error free disclosure to the customer.

  • Analyze the various mortgage products available to the customer based on the information provided.

  • Employ independent judgment and discretion to recommend a mortgage product or products that are suitable for the customer's financial situation and consistent with the customer's overall financial goals.

  • Obtain all required documentation as required (i.e. appraisals, title reports, financial information, pulling credit), by taking complete applications, analyzing information and is accurate with supporting documentation to allow a seamless disclosure, process and approval on the loan file.

  • Maintain overall responsibility for the loan file and documentation through processing underwriting, closing, funding and post-closing by following the transaction through to its conclusion.

  • Convey to customers and other associates the advantages of the company and various financial products the company offers through other areas of the bank.

  • May be asked to coach, mentor, or train others and teach coursework as subject matter expert. Responsible for other duties as assigned.

  • Demonstrate compliance with all bank regulations that apply to your position, and keep up to date on regulation changes.

  • Maintain working knowledge of our policies and procedures regarding the Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations that apply to your position.

Registered Mortgage Loan Originator (MLO)

This position requires you to act as a Bank MLO, which is defined as an individual authorized by the Bank to take mortgage loan applications, offer a mortgage, arrange a mortgage, assist a consumer in obtaining or applying to obtain a mortgage, negotiates a mortgage, otherwise obtain or make a mortgage for another person, represent to the public (through advertising or other means of communication) that such person can or will perform any of these activities, or, refer a consumer to a loan originator (Note: Except those employees of the Bank who do not discuss particular credit terms available and do not refer the consumer, based on the employee's assessment of the consumer's financial characteristics to a particular Bank MLO), for compensation or gain. All MLO's will be required to register as a MLO complying with the S.A.F.E. Act requirements.

This position is authorized to act as a Bank Closed-End MLO which is defined as any position designated to perform the activities of a Bank MLO for closed-end transactions, and thus subject to specific Truth-in-Lending Act and Regulation Z Loan Originator requirements.

Qualifications

  • Mortgage originating and structuring experience.

  • Demonstrated knowledge of the home lending industry, including processing, underwriting, closing and funding loan.

  • Excellent analytical and problem-solving skills.

  • Experience collecting and analyzing borrower income and negotiating skills.

  • Demonstrated ability to analyze a customer's particular financial and housing situation and make appropriate recommendations for mortgage and other financial products based on that analysis.

  • Excellent written and verbal communication.

  • Ability to organize and prioritize, manage and perform multiple tasks.

  • Detail-oriented and able to meet strict deadlines.

  • Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.

  • Proficiency with personal computers and related software packages such as Word and Excel, and other business machines.

  • Previous mortgage self-generated origination/sales experience required.

  • Requires a bachelor's degree in business, finance, or equivalent.

  • Must be registered as a MLO as per the S.A.F.E. Act requirements.

  • Ability to train and present to small and large audiences or has the interest in learning to train and present.

Physical Requirements and Working Conditions

Work involves:

  • Sitting

  • occasional walking

  • lifting up to 10 pounds

  • Occasional travel.

  • No relocation offered.

About Us

We do things a little differently here at Umpqua. Our retail stores serve as community hubs, our associates are given up to 40 hours of volunteer time each year, and we're never satisfied with the status quo. It's no wonder we've made "Fortune's 100 Best Companies to Work For" eight years in a row. But greatness has no finish line, so we continue every day to keep people at the center of everything we do. We focus on building relationships, understanding our customers' needs and connecting to people in new and innovative ways -- always staying true to our mission of providing personalized banking for all people, whenever and however they prefer to bank.

Umpqua Bank is committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, protected veteran status, or disability. We maintain a drug-free workplace and may perform pre-employment substance abuse testing.


icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Home Lending Jr Loan Officer Salem

Umpqua Bank

Posted 6 days ago

VIEW JOBS 10/9/2019 12:00:00 AM 2020-01-07T00:00 JOB PURPOSE Originates residential mortgage loans through solicitation and developing relationships with real estate professionals, builders, and other business referral sources under the guidance of assigned mentor or Branch Manager. Builds and maintains a quality network of business relationships that serve as recurring sources of referrals for new mortgage lending opportunities and growth for the bank that are primarily self-generated. ESSENTIAL DUTIES AND RESPONSIBILITIES * Responsible for the outside sales and origination of self-generated residential mortgages. Customarily and regularly involved in activities related to originating/selling loans away from the office. * Develops and executes a business development and marketing plan based on monthly and quarterly production standards under the guidance of assigned mentor or Branch Manager. Works to constantly improve performance and exceed minimum monthly standards as set forth in the compensation schedule. * Conducts interviews with prospective borrowers to analyze financial and credit data, determines customer financing objectives, advises customer on product/pricing policies and guidelines, and gathers all additional required information in order to complete an error free disclosure to the customer. Analyzes the various mortgage products available to the customer based on the information provided. * Ensures exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements, demonstrating a commitment to professional ethics and complying with all Federal and State compliance policies. * Obtains all required documentation as required (i.e. appraisals, title reports, financial information, pulling credit), by taking complete applications, analyzing information and is accurate with supporting documentation to allow a seamless disclosure, process and approval on the loan file. * Maintains overall responsibility for the loan file and documentation through processing underwriting, closing, funding and post-closing by following the transaction through to its conclusion. * Conveys to customers and other associates the advantages of the company and various financial products the company offers through other areas of the bank. * Completes annual training requirements including all BVS courses before due dates and participate in any system or system related training throughout the year. * Comply with all Federal, State, and local consumer protection laws governing loan origination including the SAFE Act, the Truth in Lending Act (TILA), their implementing regulations (Regulations G and Z), and SAFE Act registration and renewal rules as defined by the bank. * Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities -- knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes. * Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training. * Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description. * Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words. * Takes personal initiative and is a positive example for others to emulate. * Embraces our vision to become "The World's Greatest Bank." * May perform other duties as assigned. SUPERVISORY RESPONSIBILITIES None. REQUIRED KNOWLEDGE, SKILLS AND ABILITIES * Requires a bachelor's degree in business, finance, or equivalent work experience. * Prior knowledge or work experience in the home lending industry, including loan processing, underwriting, closing and funding preferred. * Previous sales experience with a bank, mortgage division, or financial institution preferred or sales experience with a demonstrated potential to transfer skills to mortgage origination. * Demonstrated ability to develop new and sustainable referral sources and generate leads. * Excellent analytical and problem-solving skills. * Experience collecting and analyzing borrower income and negotiating skills. * Excellent written and verbal communication. * Ability to organize and prioritize, manage and perform multiple tasks. * Detail-oriented and able to meet strict deadlines. * Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships. * Proficiency with personal computers and related software packages such as Word and Excel. * Must be registered as a MLO as per the S.A.F.E. Act requirements. REGISTERED MORTGAGE LOAN ORIGINATOR (MLO) * This position requires you to act as a Bank MLO, which is defined as an individual authorized by the Bank to take mortgage loan applications, offer a mortgage, arrange a mortgage, assist a consumer in obtaining or applying to obtain a mortgage, negotiate a mortgage, otherwise obtain or make a mortgage for another person, represent to the public (through advertising or other means of communication) that such person can or will perform any of these activities, or refer a consumer to a loan originator (Note: Except those employees of the Bank who do not discuss particular credit terms available and do not refer the consumer, based on the employee's assessment of the consumer's financial characteristics to a particular Bank MLO) for compensation or gain. All MLOs will be required to register as an MLO complying with the SAFE Act requirements. * This position is authorized to act as a Bank Closed-End MLO, which is defined as any position designated to perform the activities of a Bank MLO for closed-end transactions, and thus subject to specific Truth-in-Lending Act and Regulation Z Loan Originator requirements. PHYSICAL AND ENVIRONMENTAL DEMANDS * Work involves sitting, occasional walking, and lifting up to 10 pounds. * Requires close visual acuity. * Normal office environment. * Requires regular travel away from the office. Umpqua Bank is committed to employing a diverse workforce. Qualified applicants will receive consideration without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, gender expression, protected veteran status, or disability. We maintain a drug-free workplace and may perform pre-employment substance abuse testing. Umpqua Bank Salem OR

Home Lending Loan Officer (Salem)

Umpqua Bank