Mortgage Loan Officer (Full Time) - San Antonio, San Pedro

Mortgage Loan Officer (Full Time) – San Antonio, San Pedro Full Time Mortgage Originator San Antonio, TX, US

POSITION PURPOSE

The responsibility of the Mortgage Loan Officer (MLO) is to source new mortgage loan business from leads generated inside and outside the Bank. The MLO takes loan applications, reviews them, and provides applicants with a list of required documents, sets realistic expectations about the mortgage loan process, and provides regular updates to applicants and other interested parties. The MLO discusses relevant mortgage facts and issues with applicants concerning their ability to repay, bank credit policy, and documentation necessary to present to underwriting for a credit decision. The MLO must be familiar with Bank credit policy and the guidelines of the GSEs, FHA, and VA.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

The principal responsibility of the MLO is the origination of eligible mortgage loans. This requires focus on the marketing activities necessary to generate mortgage loan referral activity from Prosperity Banking Centers, realtors, home builders, financial planners, networking groups, trade associations, and personal sphere of influence. MLOs have a minimum production expectation: Monthly: 5 units or $1.0 Million in eligible loan volume 90‑day rolling average: 15 units or $3.0 Million in eligible loan volume The above represents the minimum expectation. If the MLO is provided a Prosperity Bank assignment, the MLO visits the Bank regularly to build internal relationships, educates Bank employees about ways to introduce Bank customers to the mortgage department, and looks for opportunities to introduce non‑bank mortgage customers to the variety of financial services offered by Prosperity Bank with a warm handoff to the Bank employees in the assigned Banking Center. Mortgage referrals received from the Bank should be an adjunct to self‑sourced business. Responsible for establishing and maintaining effective communication, coordination, and working relations with Bank personnel in the mortgage fulfillment area and with management. As an MLO, present yourself professionally, representing Prosperity Bank with the highest level of conduct and ethical behavior, while always safeguarding the customer’s personal information and the Bank’s best interests. The MLO meets with potential customers to understand their financial needs and presents the best mortgage products to suit those needs. The MLO oversees the customer experience through the entire loan process, from origination and analysis to closing. The MLO stays informed of, and abides by, lending standards and related legal requirements, and strictly adheres to all Bank policies, regulatory, and legal requirements.

QUALIFICATIONS

Education/Certification: High school graduate or equivalent; advanced degree preferred. Required Knowledge: Knowledge of Bank consumer mortgage lending policies, procedures, and guidelines; understanding of financial analysis and determination of credit worthiness; NMLS certified. Experience Required: 3 to 5 years of prior mortgage banking experience, including working knowledge of FNMA/FHLMC, FHA, VA. Skills/Abilities: Excellent communication and public relations skills; financial analytical skills; solid interviewing skills; ability to use related computer applications and business machines.

PHYSICAL ACTIVITIES AND REQUIREMENTS

Talking – especially where detailed or important instructions or ideas must be conveyed accurately, loudly, or quickly. Average Hearing – able to hear average or normal conversations and receive ordinary information. Repetitive Motion – movements frequently and regularly required using the wrists, hands, and/or fingers. Average Visual Abilities – average, ordinary visual acuity necessary to prepare or inspect documents or products, or operate machinery. Driving and Mobility – position largely outside sales; expected to hold a valid driver's license in your State, maintain required automobile insurance, and abide by cell‑phone use standards as described in the employee handbook. Physical Strength – ability to withstand moderate physical activity throughout the workday (standing, walking, reaching, driving), sit for extended periods, lift or move up to 25 pounds on occasion, and maintain attention and concentration for extended periods of time.

WORKING CONDITIONS

No hazardous or significantly unpleasant conditions (such as in a typical office).

MENTAL ACTIVITIES AND REQUIREMENTS

Reasoning Ability – able to deal with a variety of variables under limited standardization and interpret instructions. Mathematics Ability – compute interest, payments, profit and loss, financial ratios, percentages, cash flow, and debt service; perform simple algebra. Language Ability – read books, magazines, instruction manuals, atlases, encyclopedias; prepare memos, internal loan applications, reports, essays using proper punctuation, spelling, and grammar; communicate distinctly with appropriate pauses and emphasis, correct pronunciation.

WORK HOURS

Hours: Monday – Friday, 9:00 am to 5:00 pm Equal Opportunity Statement Prosperity Bank is an Equal Opportunity Employer. #J-18808-Ljbffr Prosperity Bank