Loan Officer, Senior

LOAN OFFICER, SENIOR

113

$57,458.00 - 73,259.00

APPLICATION DEADLINE: TARGET. HIRE.DATE

JOB SUMMARY

This position mortgage loan originates, packages, and underwrites housing loans for qualified applicants within Columbia city limits; assists in managing City-owned properties; provides experienced leadership; performs related professional, administrative, and technical work as required. The Loan Officer will present mortgage-ready loan applications to the Program Manager to prepare for the Loan Committee's approval or denial. The incumbent works within a general outline of work to be performed and develops work methods and sequences under general supervision.

ESSENTIAL JOB FUNCTIONS:

• Manage a portfolio of affordable housing loans from application to closing, ensuring compliance with all regulatory requirements and internal policies.

• Interviews and pre-qualifies applicants for housing loans; gathers and evaluates credit reports and other documentation supporting loan eligibility;

• Intake and review applications for housing rehabilitation program; gathers and evaluates credit reports and other documentation supporting program and income eligibility;

• Prepare loan recommendations for approval or denial from Loan Committee;

• Reviews contracts for compliance with applicable regulations, policies and procedures;

• Responsible for loan processing for housing loan applicants; Prepares loan closing packages; post-closing and closed loan package shipping procedures

Maintains inventory of City-owned properties; oversees property maintenance and sales; inspects properties approved for purchase;

• Stay informed about changes in affordable housing regulations, programs, and market trends, and incorporate this knowledge into client interactions and loan processing.

• Responsible for outreach activities and marketing programs. Participate in local real estate activities and networking as a part of marketing and growing portfolio.

• Develop and maintain relationships with affordable housing organizations, government agencies, and community partners to expand access to affordable housing resources.

• Educate clients on available affordable housing programs, eligibility criteria, and financing options.

• Conduct thorough financial assessments of clients to determine loan eligibility and affordability.

• Assist clients in completing loan applications, collecting required documentation, and navigating the underwriting process.

• Collaborate with internal staff members as required for processing loans

• The Loan Officer is responsible for loan underwriting, processing, and closing to expedite loan approvals and real estate closings.

• Provide ongoing support and guidance to clients, addressing any questions or concerns throughout the home buying process.

• Responsible for conducting and participating in homebuyer education sessions every quarter.

• Identifies past-due accounts and coordinates with loan servicer for the appropriate action to obtain payment; provide monthly report of loan pipeline status and portfolio to Program Manager, Sr.

• Coordinates credit counseling and general home-buyer counseling; makes recommendations on improving credit ratings as appropriate;

• Coordinates environmental inspections with City staff, real estate agents and/or property owners for homes financed through City lender programs;

• Recommends marketing strategy to increase public awareness of Housing Programs;

• Research and recommends housing strategies for targeted communities that utilize federal funding;

• Assists with other neighborhood / community development functions as appropriate;

• Receives and responds to inquiries, concerns, complaints and requests for assistance regarding areas of responsibility;

• Performs general administrative / clerical work as required, including preparing reports and correspondence, entering and retrieving computer data, preparing spreadsheets, copying and filing documents, attending meetings, etc.;

• Attends training, conferences, seminars, meetings, etc., to enhance job knowledge and skills; and

• Performs other related duties as assigned.

MINIMUM REQUIREMENTS TO PERFORM WORK:

• Bachelor's degree in Business Administration, Finance, Accounting or closely related field;

• Minimum of Three (3) years ofmortgage lending experience, focusing on affordable housing programs

• Strong understanding of affordable housing regulations, including FHA, VA, USDA, and Fannie Mae/Freddie Mac guidelines.

• Demonstrated track record of successfully originating and closing affordable housing loans.

• Excellent communication and interpersonal skills, with the ability to build rapport with clients from diverse backgrounds.

• Detail-oriented with strong analytical and problem-solving abilities.

• Ability to work independently and as part of a team in a fast-paced environment.

• Proficiency in mortgage loan origination software and Microsoft Office Suite.

• Valid South Carolina Class "D" Driver's License.

KNOWLEDGE, SKILLS AND ABILITIES:

• Knowledge of mathematics involving the practical application of fractions, percentages, ratios and proportions; or measurements, logarithmic or geometric construction. May use algebraic solutions of equations and inequalities; descriptive statistics; deductive geometry, plane and solid, and rectangular coordinates; mathematical classifications or schemes;

• Ability to gather, organize, analyze, examine or evaluate data or information and may prescribe action based on such data or information;

• Ability to provide information, guidance or assistance to people to directly facilitate task accomplishment; may give directions or assignments to helpers or assistants;

• Ability to perform skilled work involving rules/systems with almost constant problem- solving;

• Ability to read technical instructions, procedures, manuals and charts to solve practical problems; composing routine reports and specialized reports, forms and business letters with proper format; speaking compound sentences using normal grammar and word form;

• Ability to perform professional-level work requiring the application of principles and practices in a wide range of administrative, technical or managerial methods in the solution of administrative or technical problems; or the coordination of entry-level managerial work; requires general understanding of operating policies and procedures and the ability to apply these to complex administrative problems; requires continuous, close attention for accurate results or frequent exposure to unusual pressures; and

• Ability to guide others, requiring frequent decisions affecting co-workers and others who depend on the service or product; works in a somewhat fluid environment with rules and procedures but with many variations from the routine.

PHYSICAL DEMANDS:

The work is considered sedentary and involves walking or standing some of the time and involves exerting up to 10 pounds of force on a recurring basis or routine keyboard operations. The work requires the following physical abilities to perform the essential job functions: balancing, climbing, crawling, crouching, feeling, fingering, grasping, handling, hearing, kneeling, lifting, mental acuity, reaching, repetitive motion, speaking, standing, stooping, talking, visual acuity, and walking.

WORKING CONDITIONS:

Work environment involves exposure to no known environmental hazards; and is and secure that may periodically have unpredicted requirements or demands and secure that may periodically have unpredicted requirements or demands.