Under minimum supervision, this position will market and originate mortgage loans that meet regulatory and investors guidelines to be sold on the secondary mortgage market.
Primary Duties:
- Gather all information necessary for documentation, analysis, disclosure and underwriting loan applications.
- Structure loan to ensure compliance to product guidelines.
- Submit through DU/LP and review findings to ensure borrower findings meets guidelines.
- Enter all required information into the mortgage loan origination system and order appraisal.
- Solicit and take loan applications in a professional and timely manner in line with company standard and procedures.
- Evaluate credit factors and eligibility to ensure application meets guideline requirements.
- Provide appropriate borrower compliance information at the time of application, have disclosures signed and delivered.
- Provide Loan Estimate (LE) within regulatory guidelines. Also provide re-disclosure as required by regulatory guidelines through understanding of MDIA requirements.
- Provide all necessary applicant information to processor.
- Price loans according to guidelines and secure signed lock agreements.
- Review Closing Disclosure (CD) and prepare the borrower for closing.
- Keep open line of communication with agents, borrower, processors and closers to provide excellent customer service.
- Develop individual marketing plans to expand market share and stimulate loan production.
- Maintain regular customer contact with professional and community organizations to ensure a positive company image.
- Stay up to date on all program, compliance, and investor guidelines and changes that will affect the borrower and Bell Bank Mortgage.
- Provides advice and service to applicant requesting mortgage information.
- Make preliminary determination of applicant’s credit worthiness and has authority to issue prequalification statement of borrowers eligibility.
- Maintain awareness of new trends and developments in the local and national real estate market to better serve clients and provide feedback to management
- Know by name and face as many customers and employees as possible, calling them by name as often as possible.
- Know, understand, and live the company values and bottom line.
- Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable state and federal laws and regulations.
- All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
- Perform other duties as assigned.
Job Skills Required:
- B.A. or minimum of three years of mortgage banking experience.
- Two years of mortgage banking sale experience.
- NMLS registration.
- Familiarity with all mortgage banking functions, FNMA, FHLMC, HUD/VA Lending, regulatory compliance and investor guidelines.
- Ability to strategically plan to market and develop business contact.
- Ability to work with limited supervision.
- Excellent customer service skills.
- Ability to function efficiently and effectively under deadlines and stress while maintaining a professional and mature profile.
- Ability to travel to different branches and to off-site meetings to meet with clients or co-workers.
