Mortg Originator

GENERAL SUMMARY:

Originates loans for the purpose of resale on the secondary market. Originating loans outside of place of business over 50% of the time. These duties include: determining the appropriate loan program interest rate selection collecting and analyzing financial data from borrowers to determine creditworthiness.

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RESPONSIBILITIES AND DUTIES:

1. Responsible for creating new customer relationships; developing realtor and contractor referral network. Customarily and regularly is engaged away from the employers place of business.
2. Responsible for quick response to any walk in or phone requests.
3. Responsible for reviewing loan applications to ensure proper documentation.
4. Review daily status of loans in process updates applications as necessary copy loan documents and update status report.
5. Responsible for making an effort to cross-sell bank products and in-house loans.
6. Responsible for accurate and timely preparation and delivery to the borrower(s) of the early disclosures for all approved loan applications.
7. Responsible for pricing of loans at appropriate rate.
8. Responsible for reviewing any loan declinations with the underwriter. Follow up with the customer to offer other products.
9. Regular and reliable attendance.
10. Assists with other job-related duties as assigned by manager.

KNOWLEDGE SKILLS AND ABILITIES:

• Knowledge of FNMA FHA VA and NIFA guidelines.
• Knowledge of underwriting process.
• Knowledge of the secondary market agency loan products and guidelines.
• Knowledge of bank policies and procedures.
• Ability to communicate with customers and co-workers in a courteous and professional manner.
• Ability to type with high degree of speed and accuracy.
• Ability to multi-task and function as a team player.
• Ability to sell mortgage and bank products.
• Ability to work with accuracy organization and attention to detail.

EDUCATION AND EXPERIENCE:

• High School diploma or equivalent.
• Two years of previous mortgage loan originating experience required.

BENEFITS:

• Benefits for employees working at least 35 hours per week include 8 paid holidays; 17 PTO days each year for the first five years of employment (employees must complete 90-day introductory period prior to accruing PTO); 16 hours of paid sick time upon hire date; health dental prescription drug card vision and voluntary life insurance plans; health savings account with employer contributions; flexible medical and dependent care spending plans; 401K plan after 3 months and start of next quarter with employer contributions and profit sharing; $50000 group term life insurance; long term disability insurance and employee assistance program. If working less than 35 hours per week above benefits are modified.

PHYSICAL REQUIREMENTS:

Seeing: 75-100%

Must be able to read documents use computer

Hearing: 75-100%

Must be able to communicate with customers and co-workers in person and on the telephone.

Standing/Walking: 25-49%

Must be able to visit with the Loan Officer go to areas of the office to use copier & fax machines etc.

Climbing/Stooping/Kneeling: 25-49%

Must be able to kneel or stoop to file mortgage loan files in cabinets.

Fingering/Grasping/Feeling : 75-100%

Must be able to use computer write and place paperwork in file folders.

PHYSICAL DIMENSIONS:

Light Work: Exerting up to 20 pounds of force occasionally and/or a negotiable amount of force frequently or constantly to lift carry push pull or otherwise move objects. Job involves sitting most of the time and if walking and standing is required only occasionally.

NOTE: The statements herein are intended to describe the general nature and level or work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

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