Mortgage Loan Originator

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 andretains existing business by developing relationships within builderand/or realtor communities.
• Advises borrowers on loan products by examiningapplication and supporting documentation, and pre-qualifying for credit-worthiness. Providesguidance and information relevant to the risks and benefits of eachprogram the borrower is qualified for; effectively communicate the termsof each product.
• Meets mortgage loan operational standards by implementing and maintaining productivity, quality, customer-service standards and problem resolution.
• Evaluates loan requests, analyzes financial dataand determines qualification of collateral and customer credit history.
• Structures loan to comply with acceptable lendingpractices and Federal regulations.
• Prepares files for underwriting, loan committee,private mortgage insurance company and investor including preparation ofloan approval sheet.
• Cross-sells other bank products and services.
• Maintains knowledge and follows all bank policiesand procedures related to processing, underwriting, and closing of loans.
• Executes consultative sales strategies to driveexceptional service and create trusted relationships.

JOB QUALIFICATIONS OF MORTGAGE LOAN ORIGINATOR:

• Minimum 3 years of experience in mortgageorigination or equivalent.
• Hold applicable licenses, as required.
• An advanced understanding of mortgage productsand the ability to comprehend and implement complex financial conceptsrelated to residential mortgage lending.
• Thorough knowledge of mortgage products andservices 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 changesquickly.
• Ability to build strong relationships withproduction, underwriting, closing and other internal and externalpartners.