Job Information
HomeStreet Bank Loan Officer Affinity, Single Family Production (Hesperia, CA) 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.) 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 To assist in the origination of residential loans and facilitate the processing and closing of a quality product which meets marketable requirements within the policies and guidelines of HomeStreet Bank. Base salary plus compensation position. Job Details PRIMARY FUNCTIONS: Assist in the marketing of Affinity products and programs to local companies, labor unions and municipalities. Origination of permanent single family (1-4) FHA, VA and conventional mortgage for affinity borrowers. This requires: Excellent verbal and written skills and ability to clearly communicate with borrowers, processors and loan officer(s). Knowledge of various underwriting requirements and familiarity with file documentation. Accurate preparation of Good Faith Estimates and approval letters. Assist borrower with the loan application process, including conducting application interviews, assisting customers in completing loan applications, accumulating information to be verified, identifying additional information to be provided or obtained, obtaining desktop underwriter approval and/or submission of the loan directly to underwriting, and providing all disclosures and forms to customers as required by company policy. Must also provide assistance to loan processors and closers on an as needed basis and follow prescribed workflow procedures. This function requires excellent organizational skills. Understanding and maintaining a thorough knowledge of various programs (FNMA/FHLMC, FHA/VA, etc.) and company products available. Enthusiastic participation in cross-selling of affiliate's products is also required. Calculating and negotiating fees, discounts, rates, terms and conditions on loans within company guidelines. This requires excellent math skills and attention to detail, familiarity with basic pricing structures, and awareness of economic factors and their effect on loan terms. Complying with applicable government regulations and cooperating in all aspects of internal quality control and compliance programs. Participating in training programs as required by management. Developing, maintaining, and facilitating a good working relationship with and between all company staff, customers, and others involved in transactions. This requires excellent communication skills, including the ability to respond appropriately and to communicate effectively and courteously in circumstances involving time deadlines, dissatisfied customers or other members of the public, and other high-stress conditions. QUALIFICATIONS: 4 years' prior experience in residential loan origination. Familiarity with Fannie Mae, Freddie Mac, FHA and VA underwriting guidelines. Excellent math skills to be fami