Mortgage Loan Specialist
4 days ago
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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