Mortgage Loan Officer

Job Description

Job Description

It is the responsibility of the Mortgage Loan Officer to be able to handle all functions of originating a loan.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Origination Requirements

• Develop application sources through internal and external centers of influence including but not limited to : Burke & Herbert Bank branches, realtors, builders, stockbrokers, financial planners, attorneys, accountants and past customers.
• Develop new business from personal and nontraditional resources.
• Work independently.
• Complete 1003 Residential Loan Application.
• Collect all data and documents necessary to process the application. Assign loan number.
• In-put or upload application information into Loan Origination System, Encompass.
• Submit to Desktop Underwriter™, Loan Prospector™ or other decision engine.
• Issue initial disclosures accurately and in a timely manner.
• Follow up on conditions necessary to close or decline loan as requested.
• Price and lock interest rate with investor, meeting Burke and Herbert Bank pricing expectations.
• Monitor lock expiration dates for closing and delivery.

Other Banking Requirements

Closed Loan Requirements

Skills / Abilities

Education and Experience

This position is classified as Exempt under the Fair Labor Standard Act. Mortgage Loan Officers must be customarily and regularly engaged in making sales away from the bank’s places of business. Compensation for this position is 100% commission based.

Supervisory Responsibility

This position has no supervisory responsibilities.

Work Environment

This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.

Physical Demands

This position requires manual dexterity, the ability to lift files and opening cabinets. This position requires bending, stooping or standing as necessary.

Travel

Travel may be required for this position.

Equal Opportunity / Affirmative Action Employer M / F / disability / protected veteran status

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.