Real Estate Loan Officer

Real Estate Loan Officer

First Dakota National Bank is hiring a full-time Real Estate Loan Officer to join our Sioux Falls team. This person approves or denies mortgage loans by performing the following duties. Hours include Monday-Friday 8-5. Previous mortgage lending experience is preferred. The location of this position can be either our South or East branch.


Duties:

• Develop thorough understanding of all residential mortgage loan application, credit documentation, underwriting and closing processes, policies and standards to a level sufficient to accurately and efficiently originate loans in accordance with established processes, policies and standards.
• Acquire an adequate understanding of the appraisal/ valuation processes used in residential mortgage lending.
• Acquire working knowledge of secondary market structure and organization, price loans in accordance with pricing policy guidelines; acquire loan registrations from investors and mortgage insurance commitments from mortgage insurance providers.
• Develop working knowledge of all consumer compliance, reporting and other regulatory requirements relative to residential mortgage lending and accurately apply and follow these requirements and at all phases of loan origination and closing.
• Acquire adequate loan product knowledge and understanding of bank, investor and agency standards and documentation requirements for each product. Accurately identify correct product(s) that best fulfill the needs of the borrower, the borrower's credit profile and the subject property. Effectively communicate and council loan applicants on available products, the related fees, charges and payments and the documentation requirements that the applicant must present and fulfill to acquire approval.
• Develop skills necessary to effectively interact and communicate with department staff, third party service providers, real estate agents, investors, servicers and other originating lenders.
• Acquire working knowledge of bank's loan origination system, website references & tools, automated underwriting systems, credit bureau providers and agency & industry websites & portals necessary to effect loan originations.
• Comply with the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) by submitting all required information to the Registry and provide the unique identifier to consumers as defined in the S.A.F.E. Act procedures.

Qualifications:

Attributes include a positive attitude and good work ethic. The ability to process a variety of transactions accurately and efficiently, the capability to maintain strict confidentiality, attention to detail and comply with all Bank policies and procedures. Communicate effectively with various types of clientele, co-workers and departments to resolve an assortment of needs. Strong organizational skills and the ability to work well in a team environment. Punctuality is a must.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements are representative of the knowledge, skills, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


Education/Experience:

BS or BA degree from four-year college or university

Minimum of 2 years mortgage lending experience

Work Environment :

Office: The work environment of this job includes interacting with others in an office setting, and the noise level is usually moderate.

Physical Demands :

Light: The physical demands of this job include bending, sitting, and occasionally lifting up to 10 pounds with or without reasonable accommodation.

Requirements of All Employees:

To perform the job successfully, an individual should demonstrate the following:

Adaptability - Adapts to changes in the work environment

Attendance/Punctuality - Is consistently at work and on time; Arrives at meetings and appointments on time

Career Apparel - Adheres to the Career Apparel policy; Demonstrates professional appearance during Bank hours or at after-hours Bank functions

Customer Service - Responds promptly to customer needs including requests for service and assistance; Provide courteous, personal attention to promote ongoing relationship servicing with customers

Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Completes tasks on time or notifies appropriate person with an alternate plan

Design - Demonstrates attention to detail

Initiative - Looks for and takes advantage of opportunities; Asks for and offers help when needed

Innovation - Shares suggestions for improving work

Interpersonal - Maintains confidentiality; Remains open to others' ideas and tries new things

Judgment - Exhibits sound and accurate judgment

Motivation - Measures self against standard of excellence

Communication - Listens and gets clarification; Responds well to questions; Participates in meetings; Writes clearly and informatively; Able to read and interpret written information

Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports and upholds organizational goals and values

Planning/Organizing - Uses time efficiently; Completes work in a timely manner

Problem Solving - Identifies and resolves problems in a timely manner

Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration; Accepts responsibility for own actions; Inspires the trust of others; Works with integrity and ethically

Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality

Safety/Security - Observes safety and security procedures; Reports potentially unsafe conditions; Uses equipment and materials properly

Team Work - Gives and welcomes feedback; Contributes to building a positive team spirit

Technical Skills - Understands basic computer software programs; Strives to continuously build knowledge and skills; Shares expertise with others