Mortgage Loan Officer
Company: Coulee Bank
Location: Saint Paul
Posted on: May 21, 2023
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Job Description:
Description:This Mortgage Loan Officer will provide a high level
of customer service in the origination of consumer home mortgage
loans. The position will build and maintain a strong network on
internal and external referral sources and generate fee income
according to budget. The MLO will work with the SVP, Mortgage Sales
Manager, Brand Manager, and other Mortgage Department team members
to develop and utilize successful marketing strategies. The
position is responsible for ensuring compliance to policy,
regulations, and investor guidelines with every loan
transaction.Requirements:Professionally develop and maintain
external and internal referral sources by actively working with
commercial, retail, and investment areas to ensure a continuous
pipeline of loans.Assess and evaluate the credit worthiness of
applicants to arrive at an independent recommendation on the
origination and/or continuation of a credit relationship with the
Bank.Participate in various community and business organizations
and events to ensure Coulee Bank's Mortgage Department is known in
the community.JOB RESPONSIBILITIES: Assess and evaluate the credit
worthiness of applicants and arrive at an independent
recommendation of a credit relationship with the bank. This
assessment process includes:Explaining loan options and
alternatives to applicantsAssisting applicants in completing
application formsGathering all pertinent data to make loan
decisionPreparing cash flows and calculating key financial
ratiosApproving or declining loans within specified
limitsPresenting applications above lending limit to Loan Committee
and/or PresidentOriginate investor-quality mortgage loans in a
manner that meets the annual fee income budget while adhering to
reasonable pricing and loan policy guidelines.Provide a
professional level of information and follow-through while working
on mortgage loans to ensure a positive experience for the
customer.Work closely with Loan Processing staff during the
document preparation and check disbursal process.Ensure
confidentiality of bank and customer data throughout the life of
the loans serviced.Maintain customer records in a manner that
allows for routine contact.Professionally develop and maintain
external and internal referral sources to assist in ensuring a
continuous pipeline of loans.Maintain and expand Mortgage
Department's presence in the community by participating in
community and business organizations and events.Work with mortgage
and marketing staff to develop and implement successful marketing
strategies.Maintain Coulee Bank product knowledge to allow for
qualified referrals to retail and investment staff and
establishment of full banking relationships with mortgage
customers.Attend regular training to maintain knowledge of industry
trends, developments and changes in regulatory laws.Assist in and
respond to internal and external audits and reviews as
requested.Maintain broker and investor relationships in a manner
that ensures minimum risk to Coulee Bank.Collect past due loans
assigned to portfolio in a timely manner. QUALIFICATIONS:High
School diploma, or equivalent.3+ years of prior mortgage lending
experience, with loan volume in the past 12 months of greater than
$10 million.Established relationships within the local community
and in job-related organizations.Ability to provide a high level of
customer service experience to both internal and external
customers.Excellent verbal and written communication skills.Strong
attention to details and accuracy of work.Strong technical skills,
including knowledge of Microsoft Office products.Knowledge of
office methods, procedures, and practices including the use of
standard office equipment.Candidates must meet and comply with the
requirements of the SAFE Act, including the successful completion
of background check and registration with the Nationwide Mortgage
Licensing System (NMLS).GENERAL STANDARDS OF PERFORMANCE: Under
normal circumstances absentee rate is average or below average.Team
player with a positive attitude that proactively seeks new ways to
solve problems.Willing to expand skill set and duties in service of
improving bank operations.Follow Coulee Bank guidelines of customer
service.
Keywords: Coulee Bank, St. Paul , Mortgage Loan Officer, Accounting, Auditing , Saint Paul, Minnesota
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