Mortgage Loan Specialist

2 weeks ago


Haverhill, Massachusetts, United States Pentucket Bank Full time
Job Overview

Pentucket Bank, a well-regarded community banking institution, offers comprehensive financial services to its clientele.

The Residential Loan Officer plays a crucial role in the mortgage lending process, responsible for the origination of home loans, guiding clients through the application journey, and ensuring a seamless transaction experience.

Key Responsibilities

  • Ensure compliance with all relevant federal and state regulations, as well as company policies and industry standards.
  • Stay updated on market trends, interest rates, and mortgage products to provide clients with accurate and timely information.
  • Exhibit a strong commitment to the Bank's mission, vision, and core values.
  • Engage with clients to assess their mortgage needs and financial circumstances, offering expert guidance on loan options and terms.
  • Assist clients in the completion of loan applications, ensuring the accuracy and completeness of all required documentation.
  • Analyze applicants' financial data, credit histories, and other pertinent information to evaluate loan eligibility.
  • Build and nurture relationships with real estate professionals, builders, and other referral sources to drive new business opportunities.
  • Participate in marketing initiatives to promote mortgage products and services, including attending networking events and delivering presentations.
  • Cross-sell additional bank products and services.
  • Maintain communication with applicants throughout the loan process to ensure a timely and efficient transaction, addressing inquiries and explaining necessary documents.
  • Collaborate closely with Loan Processing and Underwriting teams to ensure timely and accurate fulfillment of conditions.
  • Contribute to the enhancement of departmental workflows to improve efficiency, both independently and collaboratively.
  • Engage in ongoing professional development and training.
  • Work collaboratively with colleagues as a positive and proactive team member.
  • Perform additional duties as assigned.

Qualifications

  • A minimum of 5 years of experience in retail mortgage origination, with a valid Mortgage Loan Origination (MLO) license as mandated by state and federal regulations.
  • In-depth knowledge of mortgage products, the loan origination process, and secondary market underwriting criteria, with the ability to accurately assess financial data, including income calculations for self-employed borrowers.
  • Proficiency in AUS underwriting tools (DU/LP) and Microsoft Office Suite; experience with Encompass 360 is advantageous.
  • Exceptional communication and interpersonal skills.
  • Strong attention to detail and organizational capabilities.
  • Sales-oriented mindset with the ability to foster and maintain relationships.
  • Familiarity with federal and state mortgage regulations.
  • Ability to perform effectively under pressure and meet tight deadlines.

Physical Requirements

  • Extended periods of sitting at a desk and working on a computer.
  • Ability to lift up to 15 pounds occasionally.

Pentucket Bank is an Equal Opportunity Employer, ensuring that all qualified applicants receive consideration for employment without discrimination based on race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, genetic testing results, or military service.



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