Mortgage Loan Specialist
3 weeks ago
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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