Mortgage Loan Originator

SUMMARY:
The Mortgage Loan Originator (MLO) is responsible for soliciting, structuring and closing 1-4 family real estate loans as well as developing new mortgage loan business. The MLO develops a plan for collaborating with assigned bank branches to cause quality mortgage loan referrals. Additionally, the MLO develops an external network of Realtor, builder, and other referral partners. The MLO takes loan applications, collects relevant loan documentation and ensures that borrowers receive a quality origination experience. The MLO represents the bank in the local community through active involvement in key trade and other groups such as Realtor associations.

ESSENTIAL JOB FUNCTIONS:

Source and develop loans for residential real estate and new construction lending, both internally and externally
Collaborate with bank Branch Managers to establish a referral plan and system
Conduct regular training, share best practices and successes
Conducts loan interview with borrowers to understand their needs and match suitable loan solutions
Take applications, collect documentation and run ratio and other calculations
Complete necessary credit investigations on each loan application as appropriate for keeping credit files current for the duration of the loan including responsibility for collecting payments in a timely manner
Submit complete loan files to underwriting
Maximize bank profitability through appropriate pricing of new loan originations and fee income.
Work with loan team to ensure that all pertinent account documentation is complete and accurate and that all collateral has been properly secured
Support the bank’s strong relationship banking culture through on-going customer contact, quality customer service, and superior product knowledge
Build and maintain positive relations with all customers, potential customers and co-workers
Perform as a team member in allocating and coordinating the work flow
Contribute to the fulfillment of department and company objectives and goals to include looking for other banking relationship opportunities with borrowers
Comply with all department and company policies, procedures and regulations

JOB REQUIREMENTS:

High school diploma or equivalence required
Must have prior mortgage origination experience
Must be goal oriented and able to meet loan production objectives
Able to maintain NMLS registration and /or licensing status

KNOWLEDGE/SKILLS REQUIRED:

Knowledge of mortgage loan origination, underwriting, processing, documentation, and post closing review
Knowledge of both portfolio and secondary market loan origination programs and guidelines to include conventional, FHA, VA, USDA, and Jumbo loan programs
Knowledge of the appraisal process, title insurance process, and loan closing process.
Proven credit analysis skills
Knowledge of state and federal lending and compliance regulations and bank lending policies
Excellent organization and time management skills
Experience with originating loans using Loan Origination Systems
Intermediate math skills, ability to calculate interest, commissions, proportions, debt-to-income ratios, loan to values
Excellent customer service skills, attentiveness, and information retention
Must be a proficient communicator and listener, as well as strong organizational skills
Must possess excellent relationship-building and sales skills

PHYSICAL AND MENTAL QUALIFICATIONS:

Standing, walking, bending and stooping required
Must be able to sit at a desk for long periods of time and use a computer
Must be able to occasionally move or lift up to 10 pounds
May be asked to work supplemental hours periodically
Limited travel required occasionally during and after business hours

Hourly Pay Range: $18.93 - $29.60 per hour

Benefits: Eligible associates may participate in Carter Bank's benefits package, including medical, dental, vision, life insurance, disability coverage, other voluntary benefits, 401(k), paid time off, and paid holidays