Loan Originator

Job Description

Job Description

Job Summary:

The Mortgage Loan Originator conducts interviews with prospective borrowers to analyze financial and credit data, determine customer financing objectives, advise customers of product/pricing policies and guidelines, and gather sany additional required information. The MLO ensures exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures, and regulatory requirements, demonstrating a commitment to professional ethics, complying with all Federal and State compliance policies, and adhering to HMDA requirements.

Duties/ Responsibilities:

• Build trust with potential clients and develop referral networks, customarily and regularly engaged away from the office.
• Analyze applicants' financial status, credit, and property information to determine feasibility of qualifying for loan programs.
• Explain to customers the different types of loans and credit options that are available, as well as the terms of those services, primary duty is in making sales.
• Obtain and compile copies of loan applicants' credit histories, financial statements, and other personal information.
• Review loan applications to ensure that they are complete and accurate according to policy.
• Stay abreast of new types of loans and other financial services and products to better meet customers' needs, understand mortgage regulations and financial markets.
• Confer with underwriters to aid in resolving mortgage application problems.
• Work with clients to identify their financial goals and to find ways of reaching those goals.
• Analyze potential loan markets and develop new opportunities to locate prospects for loans.
• Demonstrates NMS CHIPP philosophy in all interactions.
• Performs other duties as assigned.

Required Skills/Abilities:

• Ability to reason logically and make sound decisions, to consider alternative and diverse perspectives, to communicate effectively both orally and in writing, to remain poised under all circumstances, and to interact effectively with people in a positive manner that creates confidence and trust.
• Be goal oriented and comfortable cultivating relationships.
• Ability to maintain confidentiality and handle sensitive information in a professional manner.
• Familiar Microsoft Office Outlook, Encompass, and related industry software.

Education and Experience:

• High school diploma or equivalent required.
• Valid Mortgage Loan Originator License, Federal & State(s).
• Minimum of 1 year residential mortgage lending experience with a focus on generating self-sourced business.

Physical Requirements:

This position is customarily engaged in business development, client calls, local meetings, and as such frequent travel will be common, though generally limited to a 50 mile radius from the employee’s base of operations.