Community Development Mortgage Loan Officer
4 weeks ago
At Stone Alliance Group, we are committed to making a positive impact in the communities we serve. As a Community Development Mortgage Loan Officer, you will play a critical role in helping us achieve this goal.
The Community Development Mortgage Loan Officer position will focus on Community Reinvestment Act (CRA) and Multicultural Originations. You will be responsible for generating residential mortgages to Low to Moderate Income (LMI) communities, majority-minority communities, LMI individuals, and minority individuals in assigned market territories.
This role supports the branches in Connecticut and will require travel to the CT branches for client meetings. You will be expected to:
- Generate mortgage applications on a consistent basis to meet or exceed established monthly minimum production expectations.
- Participate in community organizations to increase CRA visibility and make loans to low and moderate-income borrowers.
- Self-source loans through established referral partners, community organizations, housing agencies, local business leaders, realtors, and other referral sources.
- Coordinate and conduct homebuying training seminars for potential CRA and multicultural origination mortgage applicants.
- Partner with community, nonprofit, and government agencies focused on affordable housing programs or minority communities.
- Stay informed of industry regulations and governmental requirements as they relate to CRA housing needs.
- Complete all yearly compliance training and testing and comply with bank federal and state regulations.
To be successful in this role, you will need:
- A BA/BS degree or equivalent experience in residential mortgage sales.
- 24 years of Residential loan processing, loan origination experience, or housing counseling experience with a financial institution, mortgage banking company, or a nonprofit agency.
You will also need:
- Advanced ability to communicate clearly and effectively both verbally and in writing across a broad range of audiences.
- Demonstrated advanced ability to achieve sales goals and objectives by developing a positive customer experience.
- Advanced level of professional skills and understanding of loans and services with high complexity and significance to the business unit.
- Excellent organizational skills and attention to detail.
- Extensive knowledge of mortgage loan products, conventional loan structures, and Federal and State regulations.
This position requires National Mortgage Licensing System (NMLS) registration, and you will need to obtain said license after a period to be determined by the decision-maker. You must be able to successfully complete the registration process, which includes undergoing a criminal background and credit check, and must remain in compliance with the NMLS license regulations and rules. You will also need to have knowledge of Microsoft computer applications, including Word and Excel, and experience using laptop technology.
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Community Development Mortgage Loan Officer
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