Mortgage Loan Specialist

3 weeks ago


Nashua, New Hampshire, United States M&T Bank Full time

Mortgage Originator Job Description

The Mortgage Originator is responsible for working with customers to identify and obtain permanent FHA/VA and conventional mortgage loans that meet their financial needs and objectives. This role requires adherence to federal registration under the SAFE Act.

Key Responsibilities:

  • Interview applicants to collect and analyze information regarding their income, assets, debts, and credit data.
  • Obtain and analyze pertinent financial and credit data.
  • Independently assess applicant's credit worthiness and issue pre-qualification statements.
  • Determine which products best meet the customer's needs and financial circumstances.
  • Advise potential borrowers regarding the advantages and disadvantages of different financial products and mortgage loan programs.
  • Makes recommendations to customers regarding other bank products or alternative lending vehicles.
  • Cultivate new mortgage business and market, service, and promote the bank's mortgage products.
  • Negotiate terms and conditions of loan with mortgagors and ensure lending compliance with all origination procedures.
  • Represent the bank in the community and related functions to identify, develop, and promote additional business.

Requirements:

  • Associates degree and 2 years sales experience, or a combined minimum of 4 years higher education and/or relevant work experience, including a minimum of 2 years sales experience.
  • Thorough knowledge of FHA/VA regulations, conventional loan requirements, and real estate law.

Preferred Skills:

  • Technical skills, including general knowledge of personal computers and software programs utilized by the Residential Mortgage Department.
  • Proven sales ability, strong mathematical skills, and self-motivated, well-organized individual.
  • Excellent verbal and written communication skills, ability to interact with individuals at all income levels and peers in a professional manner.
  • Demonstrated ability to work independently and to follow through on details to completion.


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