Mortgage Loan Officer

Benchmark Mortgage - Somerset, KY4.0

Full-timeEstimated: $70,000 - $93,000 a year
EducationSkills
Benchmark Mortgage in Somerset, KY is looking for an experienced Loan Officer to join our growing team. We are a community of mortgage professionals that are united by the Benchmark core values of success, relationships, dynamic, excellence and positive attitude. The Loan Officer will take residential mortgage loan applications from consumers and offer or negotiate terms of a residential mortgage loan.

Job Duties & Responsibilities
Build relationships with individuals, including existing clients, past clients, and real estate professionals, to generate referral business
Analyze information to determine the programs best meeting the needs of the consumer
Gather the data necessary for a complete loan application
Generate and provide the initial documents and disclosures for the program to the applicant
Obtain the applicant’s signature on initial documents and disclosures
Receive, collect, and distribute information common for processing and underwriting of residential mortgage loans
Provide all applicable initial documents and disclosures to the loan processor
Manage pipeline of applications in compliance with state and federal regulations
Ensure compliance with applicable state and federal laws and regulations, including but not limited to Equal Credit Opportunity Act (ECOA) and Real Estate Settlement Procedures Act (RESPA)
Ensure compliance with Benchmark policies and procedures, including but not limited to Fair Lending and the Employee Handbook
Provide guidance and information to the relevant risks and benefits of each program the consumer is qualified for, effectively explaining and communicating the terms of each product
Ensure disclosures and documents are understood by the applicant before requiring the applicant’s signature
Communicate with the applicant throughout the process
Job Requirements
Excellent communications skills in generating leads for future potential mortgage loans
Broad knowledge and skills in selling, packaging, and closing residential mortgage loans
Demonstrated ability to take an accurate mortgage loan application from a consumer
Demonstrated ability to analyze information to determine the programs best meeting the needs of the consumer
Excellent skills in attention to detail and customer service
Broad knowledge and experience with various mortgage loan products, including FHA, VA conventional, construction-permanent, and second lien mortgage products
Knowledge of mortgage lending compliance and regulatory requirements
General knowledge of credit reports as well as LTV, CLTV and debt-to-income ratios
Above average skills in implementing and adapting a market strategy to prospective clients
Demonstrated ability to quickly adapt and learn market changes and programs
Proficiency in computer software for mortgage lenders
Multi-lingual capabilities a plus
Education and Experience
High school diploma or equivalent required; four year college degree preferred
3 years mortgage origination experience preferred
Has experience working with builder business accounts
New construction home financing experience preferred
Licensed in market area state in compliance with state law and the federal Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act)
Current in continuing education requirements for the state where licensed
Registered in the Nationwide Mortgage Licensing System and Registry (NMLS)
Professional designations such as Certified Mortgage Banker (CMB), Certified Mortgage Consultant (CMC), Certified Mortgage Planning Specialist (CMPS), and so on preferred