Mortgage Loan Originator

Cb&S Bank Huntsville , AL 35801

Posted 2 months ago

GENERAL FUNCTION OF MORTGAGE LOAN ORIGINATOR:

Originates and manages a pipeline of secondary market mortgage loan applications and closes an acceptable volume of quality loans.

MAJOR DUTIES AND RESPONSIBILITIES OF MORTGAGE LOAN ORIGINATOR:

  • Attracts new mortgage loan applications and retains existing business by developing relationships within builder and/or realtor communities.

  • Advises borrowers on loan products by examining application and supporting documentation, and pre-qualifying for credit-worthiness. Provides guidance and information relevant to the risks and benefits of each program the borrower is qualified for; effectively communicate the terms of each product.

  • Meets mortgage loan operational standards by implementing and maintaining productivity, quality, customer-service standards and problem resolution.

  • Evaluates loan requests, analyzes financial data and determines qualification of collateral and customer credit history.

  • Structures loan to comply with acceptable lending practices and Federal regulations.

  • Prepares files for underwriting, loan committee, private mortgage insurance company and investor including preparation of loan approval sheet.

  • Cross-sells other bank products and services.

  • Maintains knowledge and follows all bank policies and procedures related to processing, underwriting, and closing of loans.

  • Executes consultative sales strategies to drive exceptional service and create trusted relationships.

JOB QUALIFICATIONS OF MORTGAGE LOAN ORIGINATOR:

  • Minimum 3 years of experience in mortgage origination or equivalent.

  • Hold applicable licenses, as required.

  • An advanced understanding of mortgage products and the ability to comprehend and implement complex financial concepts related to residential mortgage lending.

  • Thorough knowledge of mortgage products and services offered as well as market trends.

  • Knowledgeable on agency and investor regulations and guidelines.

  • Excellent verbal/written communication skills.

  • Good organizational skills.

  • Ability to learn and adapt to market changes quickly.

  • Ability to build strong relationships with production, underwriting, closing and other internal and external partners.

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Mortgage Loan Originator

Cb&S Bank