Mortgage Loan Originator
Job Function: To generate mortgage production loans through external business development and internal partners. Will qualify borrowers; maintain compliance and quality control standards. Duties and Responsibilities: Build and maintain referral networks and relationships for bringing in new mortgage business. Advise customers in the process of completing mortgage loan applications (1003) Determine appropriate loan type for customers needs and educate customer on details of all loan types Determine loan requirements and advise customers regarding documentation required for transactions Prepare and send initial disclosures to customers, complying with RESPA/TILA requirements Correctly calculate income and identify assets for borrowers per appropriate lenders guidelines Run loan file information through Loan Prospector or Desktop Underwriting system to determine eligibility for agency loan Manage customers and related service providers, including real estate agents, regarding appropriate expectations for documentation, process and closing Partner with processor on files to ensure loans close in a timely manner Communicate with customers regularly to ensure they have a clear understanding of the process Expand and regularly update knowledge base regarding RESPA, HMDA, MDIA, HVCC, Regulation B, Flood, and other regulations as applicable Control loan files to ensure compliance with regulatory requirements Expand and regularly update knowledge base regarding underwriting requirements for conventional, FHA, and VA loans Minimum Qualifications: Work Experience: 2 years experience in mortgage loan origination Proven track record in achieving sales quotas up to 5 million Strong compliance understanding and problem solving skills related to residential loan origination Ability to interface effectively with all levels within the organization, work autonomously, handle multiple projects, remain flexible and adaptable to change Preferred Experience (Optional): Experience with existing referral sources and customer relationships Experience using Encompass LOS System Spanish bilingual preferred Supervisory Experience: None Education/Skills/Experience: High School Diploma or equivalent Ability to work independently and multi-task with accuracy Strong interpersonal skills Strong verbal and written communication skills Equipment/Machines/Software: Excellent computer literacy in all Microsoft Programs (Outlook, IE 7 and 8 and other popular browsers, Word, Excel, Power Point, Adobe Reader) Ability to work with office equipment such as copiers, scanners, shredders, fax Mortgage Software Competency Requirements: Ability to work effectively in high pressure environment Must be able to hear and speak to communicate with customers Proven organizational skills with ability to multi-task Physical Requirements: Must be able to sit for long periods of time and read from a computer screen Must be able to type on a keyboard Must be able to reach, bend and lift files up to 30 lbs Must be able to speak, hear and see to communicate with clients Must meet and maintain financial responsibility, character and general fitness standards, and all other established requirements for an individual Loan Originator in accordance with The Truth in Lending Act (TILA), Regulation Z. This job description does not imply an employment contract, nor is it intended to include every duty and responsibility that employee is responsible. Duties and tasks may be assigned by management team based on department and business needs. Jefferson Bank is a VEVRAA Federal Contractor and desires priority referrals of protected veterans. Jefferson Bank is an EEO employer and an Affirmative Action Employer, M/F/Disability/Protected Veteran Status.
Job Function: To generate mortgage production loans through external business development and internal partners. Will qualify borrowers; maintain compliance and quality control standards. Duties and Responsibilities: Build and maintain referral networks and relationships for bringing in new mortgage business. Advise customers in the process of completing mortgage loan applications (1003) Determine appropriate loan type for customers needs and educate customer on details of all loan types Determine loan requirements and advise customers regarding documentation required for transactions Prepare and send initial disclosures to customers, complying with RESPA/TILA requirements Correctly calculate income and identify assets for borrowers per appropriate lenders guidelines Run loan file information through Loan Prospector or Desktop Underwriting system to determine eligibility for agency loan Manage customers and related service providers, including real estate agents, regarding appropriate expectations for documentation, process and closing Partner with processor on files to ensure loans close in a timely manner Communicate with customers regularly to ensure they have a clear understanding of the process Expand and regularly update knowledge base regarding RESPA, HMDA, MDIA, HVCC, Regulation B, Flood, and other regulations as applicable Control loan files to ensure compliance with regulatory requirements Expand and regularly update knowledge base regarding underwriting requirements for conventional, FHA, and VA loans Minimum Qualifications: Work Experience: 2 years experience in mortgage loan origination Proven track record in achieving sales quotas up to 5 million Strong compliance understanding and problem solving skills related to residential loan origination Ability to interface effectively with all levels within the organization, work autonomously, handle multiple projects, remain flexible and adaptable to change Preferred Experience (Optional): Experience with existing referral sources and customer relationships Experience using Encompass LOS System Spanish bilingual preferred Supervisory Experience: None Education/Skills/Experience: High School Diploma or equivalent Ability to work independently and multi-task with accuracy Strong interpersonal skills Strong verbal and written communication skills Equipment/Machines/Software: Excellent computer literacy in all Microsoft Programs (Outlook, IE 7 and 8 and other popular browsers, Word, Excel, Power Point, Adobe Reader) Ability to work with office equipment such as copiers, scanners, shredders, fax Mortgage Software Competency Requirements: Ability to work effectively in high pressure environment Must be able to hear and speak to communicate with customers Proven organizational skills with ability to multi-task Physical Requirements: Must be able to sit for long periods of time and read from a computer screen Must be able to type on a keyboard Must be able to reach, bend and lift files up to 30 lbs Must be able to speak, hear and see to communicate with clients Must meet and maintain financial responsibility, character and general fitness standards, and all other established requirements for an individual Loan Originator in accordance with The Truth in Lending Act (TILA), Regulation Z. This job description does not imply an employment contract, nor is it intended to include every duty and responsibility that employee is responsible. Duties and tasks may be assigned by management team based on department and business needs. Jefferson Bank is a VEVRAA Federal Contractor and desires priority referrals of protected veterans. Jefferson Bank is an EEO employer and an Affirmative Action Employer, M/F/Disability/Protected Veteran Status.