Mortgage Loan Originator

Fifth Third Bank Grand Rapids , MI 49504

Posted 3 weeks ago

GENERAL FUNCTION: Performs a wide range of duties relating to the origination of residential 1st mortgage loans for outside referrals. Meets standards and objectives defined by management for mortgage loan sales and cross-selling objectives. Assumesoverall responsibility for the residential mortgage loan from application to closing.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank#s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES & RESPONSIBILITIES:

  • Develop referral contacts (realtors, builders, professional and personal contacts).

  • Maintain knowledge of Fifth Third Mortgage Company's policies and procedures.

  • Maintain knowledge of available loan products, processing procedures, and underwriting and general departmental guidelines.

  • Follow defined protocol for escalation exceptions.

  • Take applicant applications by completing Fannie Mae form 1003 on the laptop.

  • Utilize the laptop for communication and access of daily rates, applicant credit reports, Loan Prospector responses and transmitting the loan to LOMAS.

  • Collect appropriate documentation from each applicant and deliver loan package in the time frames set by management.

  • Manage pipeline for all originated loans through closing and complete required management reports.

  • Communicate with branches and/or applicants of providing timely updates and progress reports.

  • Maintain high levels of customer service while managing each applicant's and support staff#s expectations.

  • Attend and participate in all Consumer Lending meetings as required by management.

SUPERVISORY RESPONSIBILITIES: None.

MINIMUM KNOWLEDGE & SKILLS REQUIRED:

  • High school diploma or equivalent mandatory. Four-year college degree preferred.

  • Knowledge of conventional and/or government lending guidelines.

  • Must have at least 2 years of mortgage sales experience.

  • Must have an established book of local referral sources (e.g. realtors, accountants, lawyers, etc.).

  • Must have existing mortgage sales of at least $1 million per month.

  • Knowledge of residential mortgage processing, underwriting, and closing procedures.

  • Knowledge of federal lending regulations governing real estate lending.

  • Demonstrated organizational skills.

  • Strong written and verbal communications skills.

  • Demonstrated teamwork and customer service skills.

  • Proven computer skills.

  • Basic sales technique skills.

  • Strong desire to excel in a competitive environment.

  • This position requires S.A.F.E. Act registration at the time of employment through the Nationwide Mortgage Licensing System (NMLS). The NMLS web site (mortgage.nationwidelicensingsystem.org) provides the MU4R questions and registration required foremployment in this position.

See if you are a match!

See how well your resume matches up to this job - upload your resume now.

Find your dream job anywhere
with the LiveCareer app.
Download the
LiveCareer app and find
your dream job anywhere
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
Mortgage Consultant (Safe)

Wells Fargo

Posted 2 weeks ago

VIEW JOBS 11/1/2018 12:00:00 AM 2019-01-30T00:00 Job Description At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Consumer Lending is an industry leader in supporting homeowners and consumers. Our group includes Home Lending, Personal Lending, and Wells Fargo Auto, and the professional services teams that partner with these businesses. Our foundation for success can be summarized in three beliefs: Our product is service. Our value added is financial advice and guidance. Our competitive advantage is our people. We've built our team of top professionals by rewarding their accomplishments and ensuring they have what's needed to succeed. Join the #1 Mortgage originator and servicer (Source: Inside Mortgage Finance) We have an immediate opening for a Home Mortgage Consultant (HMC). This individual is responsible for producing high quality loans that meet Wells Fargo Home Mortgage guidelines by building relationships with realtors, builders, financial professionals, bank stores, past customers and other nontraditional sources, while providing excellent customer service. Strong sales and organizational skills are essential. Bi-lingual job seekers are encouraged to apply. Additional duties include: * Develop knowledgeof company products, policies and procedures, and underwriting requirements * Understand real estate appraisals, title reports, and real estate transactions * Inform prospective and existing customers of WFHM programs, rates, policies, underwriting requirements, and loan procedures * Analyze detailed financial and credit data, matching customer needs with an appropriate loan program and level of risk * Receive customer applications, quote the rate and points, and complete follow-up activities with the registration lock-in * Develop and maintain a high degree of visibility for WFHM in the marketplace * Perform miscellaneous duties as needed and required This SAFE position has customer contact and job duties which may include the offering/negotiating of terms and/or taking an application for a dwelling secured transaction. As such, this position requires compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and all related regulations. Ongoing employment is contingent upon meeting all such requirements, including acceptable background investigation results. Individuals in a SAFE position also must meet the Loan Originator requirements under Regulation Z (LO) outlined in the job expectations below. Required Qualifications * 1+ year of sales experience in financial services, outside sales experience, or a combination of both Desired Qualifications * Basic Microsoft Office skills * Documented retail residential mortgage fundings over the past 12 months referred primarily from established, local, external sources * Excellent verbal, written, and interpersonal communication skills * Mortgage industry experience * Knowledge and understanding of sales prospecting and generating referrals * Bilingual speaking proficiency in Spanish/English * Customer service experience * A BS/BA degree or higher * Knowledge and understanding of builder, construction or renovations lending Job Expectations * This position requires SAFE registration at the time of employment. Wells Fargo will initiate the SAFE registration process immediately after your employment start date. The Nationwide Mortgage Licensing System (NMLS) web site (http://fedregistry.nationwidelicensingsystem.org ) provides the MU4R questions and registration required for employment in this position. * Individuals in Loan Originator (LO) positions must meet the Consumer Financial Protection Bureau qualification requirements and comply with related Wells Fargo policies. The LO qualification requirements include meeting applicable financial responsibility, character, general financial fitness and criminal background standards. A current credit report will be used to assess your financial responsibility and credit fitness, however, a credit score is not included as part of the evaluation. Successful candidates must also meet ongoing regulatory requirements including additional screening, if necessary. * This position requires compliance with all mortgage regulatory requirements and Wells Fargo's compliance policies related to these requirements including acceptable background check investigation results. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents. * Ability to work nights, weekends, and/or holidays as needed or scheduled * Reliable transportation * Ability to lift 20+ pounds Street Address SD-Rapid City: 825 Saint Joseph St - Rapid City, SD MN-Lakeville: 8790 207th St W - Lakeville, MN MN-Rochester: 940 37th St Nw - Rochester, MN MN-Mankato: 1600 E Madison Ave - Mankato, MN MN-Grand Rapids: 220 Nw 1st Ave - Grand Rapids, MN MN-Woodbury: 7525 Currell Blvd - Woodbury, MN Disclaimer All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act. Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. CONSUMER BNKG 0035608 CONSUMER BNKG Wells Fargo Grand Rapids MI

Mortgage Loan Originator

Fifth Third Bank