Job Information
HomeStreet Bank Loan Officer, Single Family Production (Tacoma, WA) in Seattle, Washington
Salary Range: $0.00 - $96.15 (Depending on knowledge, skills, abilities and location. Certain level jobs may be eligible for bonus, commission, and/or equity awards.) Posting Date: February 23, 2024 This job will be open and accepting applications for a minimum of three days from the date it was posted. Benefits worth writing home about: Medical, dental, and vision coverage for employees and their families Life, disability and family Leave 401(k) and Roth 401(k) with employer match Wellness program, employee assistance program, "Commute Trip Reduction" (CTR) and various employee discounts Generous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service work Free employee checking account and employee home loan discounts EO/AA Employer including Vets and Disabled. Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements. If you are a California resident, you may be entitled to certain rights regarding your personal information, which is information that identifies, relates to, or could reasonably be linked with a particular California resident or household. Additional information about our data collection practices and location specific notices is available on our . Job Description Summary: Responsible for helping customers to achieve their mortgage financing goals. Consult with customer on their financing options, recommending appropriate loan products and obtaining permanent single family mortgage loans, home equity loans and lines of credit through the Bank. In this process, responsible for ensuring each loan meets quality and marketability requirements within the policies and guidelines of HomeStreet. Also consults with customers in evaluating other Bank products that meet the customer's financial needs. Provide the highest level of service in all interactions with customers. Customarily and regularly engaged in business development and loan origination activities outside of the company premises. May occasionally work from the HomeStreet office to complete tasks in support of loan origination. Job Details: ESSENTIAL FUNCTIONS: Meet with customers by phone or in person to recommend loan products and other services that are in the best interest of the customer, given the customer's financial status, goals, needs, etc. May include referrals to Retail Banking, Commercial Lending, Commercial Real Estate, Consumer Lending, Investment Services, Consumer Lending, and the Insurance Agency, where customer needs align. Exercises discretion and independent judgment in comparing and evaluating possible lending products as well as other Bank products that suit the customer's financial situation. Originates the following types of mortgage products: Permanent single family (1-4) FHA, VA and conventional mortgage loans Home equity loans and lines of credit . Understand and maintain a thorough knowledge of various mortgage loan programs (FNMA/FHLMC, FHA/VA, etc.) and company products. Manage the loan application process, in conjunction with the Loan Officer Assistant, if applicable, to assist customers in completing loan applications, collect information to be verified, identify additional information to be provided or obtained, and provide all disclosures and forms to customers as required by company policy. Take complete applications in accordance with HomeStreet's loan file workflow. Input and upload loan applications on HomeStreet's POS (Point of Sale) system, within company guidelines. Complete preliminary analysis of loans using HomeStreet's underwriting guidelines. Input loan files in DU (Desktop Underwriter), or other designated underwriting systems utilized by HomeStreet, within company guidelines. Negotiate loan terms and conditions on loans within Company guideli