Mortgage Loan Originator

Company: CB&S Bank
Location: Huntsville
Posted on: November 14, 2023

Job Description:

GENERAL FUNCTION OF MORTGAGE LOAN ORIGINATOR:
Originates and manages a pipeline of secondary market mortgage loan applications and closes an acceptable volume of quality loans.
MAJOR DUTIES AND RESPONSIBILITIES OF MORTGAGE LOAN ORIGINATOR:

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• Attracts new mortgage loan applications and retains existing business by developing relationships within builder and/or realtor communities.
  
• Advises borrowers on loan products by examining application and supporting documentation, and pre-qualifying for credit-worthiness. Provides guidance and information relevant to the risks and benefits of each program the borrower is qualified for; effectively communicate the terms of each product.
  
• Meets mortgage loan operational standards by implementing and maintaining productivity, quality, customer-service standards and problem resolution.
  
• Evaluates loan requests, analyzes financial data and determines qualification of collateral and customer credit history.
  
• Structures loan to comply with acceptable lending practices and Federal regulations.
  
• Prepares files for underwriting, loan committee, private mortgage insurance company and investor including preparation of loan approval sheet.
  
• Cross-sells other bank products and services.
  
• Maintains knowledge and follows all bank policies and procedures related to processing, underwriting, and closing of loans.
  
• Executes consultative sales strategies to drive exceptional service and create trusted relationships.
  
  JOB QUALIFICATIONS OF MORTGAGE LOAN ORIGINATOR:
  
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  • Minimum 3 years of experience in mortgage origination or equivalent.
    
  • Hold applicable licenses, as required.
    
  • An advanced understanding of mortgage products and the ability to comprehend and implement complex financial concepts related to residential mortgage lending.
    
  • Thorough knowledge of mortgage products and services offered as well as market trends.
    
  • Knowledgeable on agency and investor regulations and guidelines.
    
  • Excellent verbal/written communication skills.
    
  • Good organizational skills.
    
  • Ability to learn and adapt to market changes quickly.
    
  • Ability to build strong relationships with production, underwriting, closing and other internal and external partners.
    

Keywords: CB&S Bank, Huntsville , Mortgage Loan Originator, Other , Huntsville, Alabama