Community Banking Mortgage Officer | South Grand
Busey, St Louis, MO, United States
Community Banking Mortgage Officer
The Community Banking Mortgage Officer is responsible for developing new business, expanding relationships with current customers and originating quality mortgage loans in accordance with established Bank policies and procedures. This position will assist low to moderate income individuals with personalized, comprehensive, and affordable home counseling services. The Officer will serve as an outside representative of the Bank to real estate brokers, agents, residential home builders, and other referral sources; including partners who can assist with loan applications for low to moderate income borrowers and in low to moderate CRA assessment areas. This position is also responsible for cross-selling other bank products and services. Duties & Responsibilities
Work with prospective customers in determining readiness for home ownership, developing a budget, and overcoming common roadblocks that prevent home purchase; provide action plans for next steps towards home ownership. Determine a maximum affordable mortgage payment and purchase price, provide action plan to save minimum required funds for home purchase, educate customers about all mortgage products or solutions. Analyze financial and credit information necessary to effectively underwrite loans, and recommend approval or rejection of mortgage loans within lending authority by reviewing payment history's, liabilities and other credit information, examining and processing documents, and addressing issues as needed. Obtain all necessary documentation from applicants. Complete each loan application and oversee all pre-processing functions in a timely manner to permit the good faith estimate and other required disclosures to be provided to applicants within the requested time period. Make verbal and written commitment on behalf of the Bank which includes rate terms, pre-qualification, mortgage commitment, etc. Negotiate terms and conditions and oversee construction loan draws. Engage in outside opportunities, i.e., calls, open houses, seminars, realtor functions to develop and maintain relationships with realtors, home builders, individual contacts, and other referral sources generating feedback to increase their business relationship with the Bank. Participate and maintain extensive outreach and participate in community organizations & events. Identify customer's and non-customers' other financial needs and cross-sell other bank products and services. Track and monitor portfolio, pipeline, and leads and provide reports on production to supervisor. Responsible for performance of portfolio by building strong relationships with customers to encourage minimal delinquencies. Education & Experience
Knowledge of: Strong oral and written communication skills Strong sales and customer service skills Cross-selling and closing skills Lending regulations and Bank's underwriting guidelines and lending policies Loan types and documents Ability to: Analyze and interpret numerical data Take initiative to maintain the flow of work Perform duties under frequent time pressures Requires knowledge of Microsoft Office Education and Training: Requires High School diploma. Requires 2 or more years of related mortgage lending or operations experience. Previous sales experience is preferred. Multi-lingual; ability to speak Spanish is preferred. Benefits and Compensation Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. (Base Pay Range: $59,000 - $72,000 annually) Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-beingnow and in the years to comeare important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts.
The Community Banking Mortgage Officer is responsible for developing new business, expanding relationships with current customers and originating quality mortgage loans in accordance with established Bank policies and procedures. This position will assist low to moderate income individuals with personalized, comprehensive, and affordable home counseling services. The Officer will serve as an outside representative of the Bank to real estate brokers, agents, residential home builders, and other referral sources; including partners who can assist with loan applications for low to moderate income borrowers and in low to moderate CRA assessment areas. This position is also responsible for cross-selling other bank products and services. Duties & Responsibilities
Work with prospective customers in determining readiness for home ownership, developing a budget, and overcoming common roadblocks that prevent home purchase; provide action plans for next steps towards home ownership. Determine a maximum affordable mortgage payment and purchase price, provide action plan to save minimum required funds for home purchase, educate customers about all mortgage products or solutions. Analyze financial and credit information necessary to effectively underwrite loans, and recommend approval or rejection of mortgage loans within lending authority by reviewing payment history's, liabilities and other credit information, examining and processing documents, and addressing issues as needed. Obtain all necessary documentation from applicants. Complete each loan application and oversee all pre-processing functions in a timely manner to permit the good faith estimate and other required disclosures to be provided to applicants within the requested time period. Make verbal and written commitment on behalf of the Bank which includes rate terms, pre-qualification, mortgage commitment, etc. Negotiate terms and conditions and oversee construction loan draws. Engage in outside opportunities, i.e., calls, open houses, seminars, realtor functions to develop and maintain relationships with realtors, home builders, individual contacts, and other referral sources generating feedback to increase their business relationship with the Bank. Participate and maintain extensive outreach and participate in community organizations & events. Identify customer's and non-customers' other financial needs and cross-sell other bank products and services. Track and monitor portfolio, pipeline, and leads and provide reports on production to supervisor. Responsible for performance of portfolio by building strong relationships with customers to encourage minimal delinquencies. Education & Experience
Knowledge of: Strong oral and written communication skills Strong sales and customer service skills Cross-selling and closing skills Lending regulations and Bank's underwriting guidelines and lending policies Loan types and documents Ability to: Analyze and interpret numerical data Take initiative to maintain the flow of work Perform duties under frequent time pressures Requires knowledge of Microsoft Office Education and Training: Requires High School diploma. Requires 2 or more years of related mortgage lending or operations experience. Previous sales experience is preferred. Multi-lingual; ability to speak Spanish is preferred. Benefits and Compensation Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance. (Base Pay Range: $59,000 - $72,000 annually) Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-beingnow and in the years to comeare important to us. Busey's Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts.