Mortgage Loan Officer

Mortgage Loan OfficerIt is the responsibility of the mortgage loan officer to be able to handle all functions of originating a loan. Essential functions reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Origination requirements include developing application sources through internal and external centers of influence including but not limited to: Burke & Herbert Bank branches, realtors, builders, stockbrokers, financial planners, attorneys, accountants and past customers. Develop new business from personal and nontraditional resources. Work independently. Complete 1003 residential loan application. Collect all data and documents necessary to process the application. Assign loan number. Input or upload application information into loan origination system, Encompass. Submit to desktop underwriter, loan prospector or other decision engine. Issue initial disclosures accurately and in a timely manner. Follow up on conditions necessary to close or decline loan as requested. Price and lock interest rate with investor, meeting Burke and Herbert Bank pricing expectations. Monitor lock expiration dates for closing and delivery.Other banking requirements include calling on Burke & Herbert Bank branches in assigned territory. Make introduction of all market applicants to appropriate Burke & Herbert Bank personnel. Generate new leads for the Bank from outside sources. In consultation with Burke & Herbert Bank personnel, explore opportunities for cross-sell of other Burke & Herbert Bank products. Collect fees in accordance with Burke & Herbert Bank standards. Participate, as requested, in opportunities to promote the Burke & Herbert Bank. Maintains lending compliance including but not limited to: early disclosures, government monitoring, high priced mortgage loans documentation, and customer information procedures. Expected minimum closed loan volume of $1,000,000 per month after 60 days.Skills/abilities include the ability to communicate and work well with the public. Ability to analyze credit information necessary to originate and assist in processing a residential loan application. Knowledge of lending compliance requirements and general knowledge of conventional and government loans available to the consumer. Resourceful and ability to work with secondary market investors insuring all loans meet established guidelines. Extremely detailed oriented to insure accuracy of data supporting loan files. Data integrity must never be compromised. Ability to work independently inside and outside the office, manage loan pipeline, follow-up with borrowers, Burke & Herbert Bank partners, and sources of business. Work to ensure timely loan closings. High level of experience with FHA - VA - USDA and VHDA.Education and experience include college degree preferred. At least 1 year of mortgage loan sales and an active NMLS number. Origination and sales experience. Encompass experience preferred. This position is classified as exempt under the Fair Labor Standard Act. Mortgage loan officers must be customarily and regularly engaged in making sales away from the bank's places of business. Compensation for this position is 100% commission based. This position has no supervisory responsibilities. This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer. This position requires manual dexterity, the ability to lift files and opening cabinets. This position requires bending, stooping or standing as necessary. Travel may be required for this position. Equal opportunity/affirmative action employer M/F/disability/protected veteran status. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.