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First Federal Mortgage Loan Officer - Kitsap in Silverdale, Washington

Description

Position Purpose:

Under general direction, the Mortgage Loan Officer conducts effective mortgage loan generation efforts for the Mortgage Lending Center market area by responding to customer inquiries and pursuing referrals that are generated from both their own contacts and from other bank business channels.

Incumbents will be seasoned producing loan originators whose key responsibilities include originating consumer and mortgage loan products to the targeted servicing market. The ideal candidates are those with current experience in lending coupled with a primary focus of actively seeking clients. You must be goal driven and stay up to date on lending programs, policies and procedures.

Essential Functions:

  • Originate residential mortgage loans to the targeted servicing market.

  • Respond to customer inquiries and pursue referrals that are generated from personal and bank business channels.

  • Conduct interviews with prospective borrowers in order to analyze financial and credit data, determine customer financing objectives, advise customers of product/pricing policies and guidelines, and gather any additional required information.

  • Prepare loan applications for mortgage loan products.

  • Set customer expectations for additional information needs and closing date.

  • Generate preliminary disclosures and review them with the applicant.

  • Request and collect required customer information to support the application process.

  • Respond in a timely manner to requests for information needed or to clarify issues identified to process loan applications.

  • Effectively manage loan production pipeline to ensure accuracy at all times.

  • Coordinate the loan closing with the customer and, if used, closing agent/title Company.

  • Communicate closing date to affected parties; perform pre-closing review of loan documents individually and, if requested, with loan customer.

  • Unless assigned to outside vendor, perform loan closing.

  • Attend closings as required or requested. As necessary, decline or condition loans that are not acceptable to the Bank as requested based on loan policy and credit guidelines.

  • Follow all regulatory guidance in the communication of such denials/counter-offers to the applicant.

  • Provide exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements.

  • Demonstrate a commitment to professional ethics in the performance of all lending activities and ensures compliance with all Federal and State compliance policies and adhering to HMDA requirements.

  • Establish and promote networking opportunities within the community that will aid in the promotion of Bank products.

  • Educate the customer on Bank products, pricing, underwriting and regulatory guideline. The goal will be to aid the presentation of appropriate products that will match the customer’s needs.

  • Support the cross sell efforts outside of lending to aid in the attainment of goals for deposits and other fee services.

  • Maintain a high standard of professionalism and support for overall customer service goals in personal responsibilities and in support of lending team.

  • As requested, support the collection efforts on delinquent and distressed loans.

  • Participate in designed training programs to: Enhance knowledge of Bank standards, products, guidelines and policies, regulatory guidelines and documentation and compliance needs; expand knowledge of industry and changes requiring adjustments in process; coordinate process needs with Underwriters, Processors, Closers and Funders.

  • Ensure compliance with Bank Secrecy Act (BSA) regulations and other federal and state regulations pertinent to this position.

  • Complete annual BSA training in a timely manner in accordance with BSA regulations and internal policies and procedures.

  • Maintain regular and predictable attendance.

  • Perform related duties and responsibilities as required and other duties as assigned.

Qualifications/Requirements:

  • Associate’s degree or equivalent directly related experience.

  • Typically requires two to three years of demonstrated and effective experience in mortgage loan origination experience.

  • The ideal candidates are those with current experience in lending coupled with a primary focus of actively seeking clients.

  • Knowledge of conventional and/or government guidelines relevant to mortgage lending.

  • Knowledge of processing underwriting and/or closing procedures/federal lending regulations governing real estate lending.

  • Incumbent must be goal driven and maintain current knowledge of lending programs, policies and procedures.

  • Demonstrated sales skills with strong presentation and customer service capabilities.

  • Working knowledge of regulatory requirements for mortgage lending.

  • Strong interpersonal skills and comfort in dealing with customers in a sales-promoted environment is required.

  • Demonstrated ability to meet established goals through effective time management that allows handling of multiple transactions throughout the workday.

  • Develop and maintain a sound knowledge of Bank policies, procedures, documentation and compliance requirements.

  • Proficiency with PC applications including MS Office Suite.

Physical Requirements:

The work requires the ability to operate office machines and equipment, such as personal computers, printers, copying machines and telephones. The work requires the ability to communicate clearly with customers, coworkers, and others in person and on telephones. Work activities involve combinations of sitting/standing for extended periods.

Qualifications

Education

Required

  • Associates or better in Finance

Experience

Required

  • 2 years: Typically requires two to three years of demonstrated and effective experience in mortgage loan origination experience

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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