Originates permanent residential mortgage loans and participates in related business development activities. Incumbents have a thorough knowledge of FHA, VA, RD, state Bond Programs as well as conventional real estate regulations. They have more than three years of experience in residential mortgage lending and are capable of handling all but the most complex loans.
ESSENTIAL DUTIES & RESPONSIBILITIES include the following; other duties may be assigned.
Handle inquiries and pre-qualify customers by learning the applicants housing goals and time frame
Setting proper expectations with all affected parties that are realistic
Loan application process: recommend to the customer the loan options
Convert the lead to the full application: if borrower pre-qualified, turn into a full application, provide proper documentation to the processor
Follow Ability To Repay guidelines as set by FIB and the investor Credit report: obtain the report and understand the data and approval implications
Lock the interest rate when the customer requests or approves
Manage pipeline, workload, and stay in touch with all parties involved in the transaction
Understand and navigate within the Loan Origination System
Market your services to the bank partners, realtors, and builders
Full understanding of compliance and meet all requirements
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE
Bachelor’s degree (B. A.) from a four-year College or University and three to five years related experience and/or training; or equivalent combination of education and experience.
CERTIFICATES, LICENSES, REGISTRATIONS
This position requires compliance with the S.A.F.E. Mortgage Licensing Act of 2008 and all related regulations. Employment is contingent upon meeting all such requirements, including acceptable background investigation results.
A valid driver’s license is required.
As a condition of employment, any successful job applicant will be required to pass a pre-employment screening against the Limited Denial of Participation (LDP), GSA Excluded Party List System (EPLS), and Freddie Mac Exclusionary List.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to reach with hands and arms. The employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools, or controls; and stoop, kneels, crouch, or crawl.
The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, and color vision.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.