Residential Mortgage Advisor

Residential Mortgage Advisor

Job Locations

US-NJ-Fairfield

Job ID

2024-2644

# of Openings

1

Type

Full-Time

Category

Residential Mortgage

Overview

Originates first mortgage loans, promotes the financial institution and its lending services to the real estate community and helps to identify and serve the

community's financial needs through home loan counseling, real estate agent seminars and sales meetings, and by participating in and promoting the financial

institution's community activities.

Responsibilities

• Solicits first mortgage loans. Informs prospective loan clients of the financial institution'underwriting guidelines and applicable government regulations.
• Personally interviews all loan applicants.
• Completes each loan application and all pre-processing functions in a timely manner to permit the good faith estimate to be mailed within the requested three business-day period.
• Screens loan requests based on financial institution policies and on types of loans offered by the institution.
• Orders credit reports, and other information as needed on residential loan applicants.
• Personally answers incoming phone calls and schedules appointments.
• Communicates complex approvals or denials to the borrower, real estate agent or builder.
• Maintains and submits a source-of-business log monthly to supervisor.
• Distributes market data, rate flyers and general loan information to the real estate community asdirected by financial institution management.
• Promotes and participates in the financial institution's special credit programs and other CRA programs.
• Actively participates in local business and community activities and maintains close contact with local builders, real estate brokers and agents, customers and prospects.

Qualifications

_ One to two years experience in a financial institution or loan office setting.

_ Good sales, organizational, managerial and interpersonal skills.

_ Good oral and written communication skills in order to effectively communicate

with customers and real estate agents about the financial institution's loan programs and

policies.

_ Ability to read and comprehend training materials, financial institution communications and

related loan manuals.

_ Ability to learn and follow financial institution policies regarding the lending process.

_ Familiarity with basic office equipment.

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