Job Overview
Mortgage Loan Officer
We are seeking a motivated and customer-focused Mortgage Loan Officer to join our growing team. The successful candidate will originate and manage a variety of residential mortgage loan products, including home purchase loans, refinance transactions, construction loans, and home equity loans. This position serves as the primary point of contact for borrowers, guiding them through the lending process from initial application through closing while providing exceptional service and tailored financing solutions.
The Mortgage Loan Officer will work with borrowers, builders, title companies, and internal Bank staff to facilitate a smooth and efficient loan experience from application through closing. Responsibilities include originating loans for both the Bank's portfolio and the secondary market, analyzing borrower qualifications, ensuring compliance with applicable regulations and Bank policies, and maintaining a high level of customer service.
The ideal candidate will possess strong communication and relationship-building skills, a thorough understanding of residential mortgage lending, and the ability to develop new business opportunities within the communities we serve. Experience with construction lending, secondary market mortgage products, and portfolio lending is preferred.
Responsibilities
- Originate mortgage loans by assessing client needs, explaining loan products, and guiding applicants through the application process
- Analyze borrower credit, income, assets, collateral, and overall repayment capacity to determine loan eligibility and recommend appropriate loan structures in accordance with Bank policies and investor guidelines.
- Perform preliminary underwriting of residential mortgage loan requests, including analysis of borrower qualifications, debt-to-income ratios, loan-to-value ratios, and collateral adequacy.
- Evaluate construction loan budgets, project feasibility, borrower capacity, and collateral values to support sound credit decisions and successful project completion.
- Maintain up-to-date knowledge of TILA (Truth in Lending Act) regulations, contracts, and industry best practices to ensure legal and ethical lending practices
- Utilize financial software and perform math calculations to analyze income, assets, liabilities, and creditworthiness of applicants
- Conduct 10-key typing tasks efficiently to input data accurately into loan systems
- Provide exceptional customer service by answering questions, explaining loan terms clearly, and maintaining ongoing communication with clients throughout the process
Qualifications
- Prior experience as a loan officer or in mortgage lending is highly preferred
- Basic understanding of math principles relevant to assessing borrower qualifications
- High school diploma or equivalent required; degree in business, finance, accounting, or a related field preferred
- Minimum of three years of experience in mortgage lending, consumer lending, banking, or a related financial services field required
- Knowledge of residential mortgage products, including purchase, refinance, home equity, and construction loans
- Understanding of mortgage underwriting principles, credit analysis, income calculation, and collateral evaluation
- Excellent verbal and written communication skills with the ability to explain complex lending concepts to customers
- Strong analytical, organizational, and problem-solving abilities
- Ability to manage multiple loan files and deadlines while maintaining a high level of accuracy and attention to detail
- Proficiency with mortgage loan origination systems, banking software, and Microsoft Office applications
- Ability to work independently while contributing effectively as part of a team
Pay: From $52,000.00 per year
Benefits:
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Paid time off
- Parental leave
- Retirement plan
- Vision insurance
Work Location: In person
