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

JOB QUALIFICATIONS OF MORTGAGE LOAN ORIGINATOR:

• Minimum 3 years of experience in mortgage origination or equivalent.
• Hold applicable licenses, as required.
• An advanced understanding of mortgage products and the ability to comprehend and implement complex financial concepts related to residential mortgage lending.
• Thorough knowledge of mortgage products and services 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 changes quickly.
• Ability to build strong relationships with production, underwriting, closing and other internal and external partners.