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Residential Mortgage Originator
2 months ago
Amalgamated Bank is seeking a highly skilled Residential Mortgage Originator to join our team. As a key member of our mortgage banking department, you will be responsible for originating and processing residential mortgage loans, interacting with customers, and representing the bank to potential referral sources.
Key Responsibilities- Develop new residential mortgage production by calling on internal and external referral sources
- Interact with customers seeking information about mortgage loan products
- Represent the bank to potential referral sources, including real estate brokers, builders, and financial professionals
- Compile loan documentation, review customer documents for accuracy, and ensure all conditions and requirements for processing and closing have been met
- Perform all tasks required to originate loans in compliance with federal and state regulations and company standards
- Coordinate preliminary loan underwriting, pre-qualification, and mortgage counseling
- Knowledge and understanding of all mortgage regulations, including Reg B, Reg Z, HMDA, RESPA, FRCA, TRID, and the SAFE Act
- Knowledge and understanding of all mortgage documents and forms, including loan estimate disclosure, endorsements, assignments, underwriting transmittals, notices to applicants, commitments, attorney letters, and other documents as needed
- Assist in tracking rates and preparing rate surveys of mortgage products
- Assist in the loan process as needed
- Knowledge of secondary market and agency guidelines for mortgage underwriting and Appendix Q guidelines for documenting income and debts for mortgage loan applications
- Bachelor's Degree preferred or equivalent combination of education, training, and experience
- Minimum 2+ years of mortgage banking experience, preferably in a production role
- Fluent in Spanish, a must
- Encompass experience preferred
- Good computer skills, proficiency in Word, Excel, and Windows
- Experience with front-end loan processing system, preferably Encompass
- Ability to travel and meet customers after hours
- NMLS registered or able to become NMLS approved