Mortgage Originator

5 months ago

Fredericksburg, United States M&T Bank Full time

Overview:

Primarily responsible for working with customers interested in identifying and obtaining permanent FHA/VA and conventional mortgage loans and other residential mortgage programs that best meet the customer’s financial needs and objectives, and adhering to the requirements of federal registration under the SAFE Act.

Primary Responsibilities:

Interviews applicants to collect and analyze information regarding their income, assets, debts and credit data as well as their needs, desires, and earnings to assist in determining whether the loan will be an acceptable risk; obtains and analyzes pertinent financial and credit data.  Independently assesses applicant’s credit worthiness. Has authority to issue pre-qualification statement of borrowers’ eligibility. Determines which products best meet the customer’s needs and financial circumstances and advises potential borrowers regarding the advantages and disadvantages of different financial products and the most appropriate mortgage loan programs.  Makes recommendations to customers regarding other bank products or to alternative lending vehicles, as needed.  Cultivates new mortgage business. Markets, services and promotes the bank’s mortgage products. This includes the solicitation of residential first mortgages through contacts with Realtors, builders, and developers.  May be required to travel to and work at prospective customers’ homes or business locations. Follows-up on potential customers via travel or telephone. Negotiates terms and conditions of loan with mortgagors. Has authority to bind the bank in connection therewith. Ensures lending compliance with all origination procedures including bank policies and procedures and regulatory requirements.  Advises management on effective compliance strategies and potential modifications to corporate operating policies where appropriate to ensure ongoing regulatory compliance.  Independently monitors trends and developments in the local real estate market, as well as the changing rules and regulations pertaining to both private and government-insured mortgages. Represents the bank in the community and related functions to identify, develop and promote additional business. May present seminars to general public and real estate agents to promote additional business and community outreach.

Scope of Responsibilities:

The incumbent always works under limited supervision, sometimes away from the office.

The position requires extensive external contacts (potential and existing customers, Realtors, etc.), as well as internal contacts (other Bank personnel) primarily on sales calls outside the office.

Will interact with individuals and teams internally and within the community assigned, developing new relationships and maintaining existing relationships

Responsibility to establish and maintain federal registration requirements outlined in the SAFE Act.

Education and Experience Required:

Associates degree and 2 years sales experience,

OR in lieu of a degree,

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.

Education and Experience Preferred:

Technical Skills

General knowledge of personal computers and software programs utilized by Residential Mortgage Department

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.

Demonstrated ability to work independently and to follow through on details to completion.

Ability to work under critical time constraints.

Location

Fredericksburg, Virginia, United States of America

  • Mortgage Originator

    3 weeks ago

    Fredericksburg, United States M&T Bank Full time

    Overview: Primarily responsible for working with customers interested in identifying and obtaining permanent FHA/VA and conventional mortgage loans and other residential mortgage programs that best meet the customer’s financial needs and objectives, and adhering to the requirements of federal registration under the SAFE Act. Primary...

  • Retail Mortgage Loan Originator

    3 weeks ago

    Fredericksburg, United States Truist Full time

    The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.Need...

  • Mortgage Loan Officer

    4 weeks ago

    Fredericksburg, Virginia, United States Member One FCU Full time

    Job Summary:The Mortgage Loan Officer will be responsible for assisting Virginia Credit Union members and perspective members in obtaining first mortgage loans, including FHA, USDA-RD, VA, and VHDA. This role will involve developing and maintaining business relationships with VACU partners, builders, and realtors, as well as obtaining and maintaining all...

  • Mortgage Loan Specialist

    4 weeks ago

    Fredericksburg, Virginia, United States M&T Bank Full time

    Job Summary:Mortgage Originator at M&T Bank is responsible for working with customers to identify and obtain permanent FHA/VA and conventional mortgage loans. The ideal candidate will have a strong understanding of FHA/VA regulations, conventional loan requirements, and real estate law.Key Responsibilities:Interview applicants to collect and analyze...

  • Mortgage Loan Officer

    7 days ago

    Fredericksburg, United States Member One FCU Full time

    Job Description: PRIMARY FUNCTION : The Mortgage Loan Officer proactively solicits prospective mortgage clients and new members for Virginia Credit Union (VACU). Responsible for assisting Virginia Credit Union members and perspective members in obtaining first mortgage loans including FHA, USDA-RD, VA, and VHDA. Develop and maintain business relationships...

  • Mortgage Loan Officer

    4 weeks ago

    Fredericksburg, Virginia, United States Blue Ridge Bank Full time

    Job Summary:This role is responsible for ensuring that all loan programs are compliant and underwriting guidelines are met. The ideal candidate will have strong organizational skills, attention to detail, and excellent communication skills.Key Responsibilities: Perform initial file review and verify disclosures meet program requirements Communicate Approval...