Mortgage Loan Specialist

4 days ago


Burlington, Vermont, United States M&T Bank Full time

Mortgage Loan Specialist Job Description

The Mortgage Loan Specialist will work with customers to identify and obtain permanent FHA/VA and conventional mortgage loans that meet their financial needs and objectives. This role requires extensive external contacts with potential and existing customers, Realtors, and other Bank personnel.

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.

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.
  • Technical skills, including general knowledge of personal computers and software programs utilized by the Residential Mortgage Department.

Preferred Qualifications:

  • Proven sales ability.
  • Strong mathematical skills.
  • 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.
  • Ability to work independently and to follow through on details to completion.
  • Ability to work under critical time constraints.


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