Mortgage Loan OriginatorThe Mortgage Loan Originator (MLO) is responsible for soliciting, structuring and closing 1-4 family real estate loans as well as developing new mortgage loan business. The MLO develops a plan for collaborating with assigned bank branches to cause quality mortgage loan referrals. Additionally, the MLO develops an external network of Realtor, builder, and other referral partners.
The MLO takes loan applications, collects relevant loan documentation and ensures that borrowers receive a quality origination experience. The MLO represents the bank in the local community through active involvement in key trade and other groups such as Realtor associations.Essential Job Functions:Source and develop loans for residential real estate and new construction lending, both internally and externallyCollaborate with bank Branch Managers to establish a referral plan and systemConduct regular training, share best practices and successesConducts loan interview with borrowers to understand their needs and match suitable loan solutionsTake applications, collect documentation and run ratio and other calculationsComplete necessary credit investigations on each loan application as appropriate for keeping credit files current for the duration of the loan including responsibility for collecting payments in a timely mannerSubmit complete loan files to underwritingMaximize bank profitability through appropriate pricing of new loan originations and fee income.Work with loan team to ensure that all pertinent account documentation is complete and accurate and that all collateral has been properly securedSupport the bank's strong relationship banking culture through on-going customer contact, quality customer service, and superior product knowledgeBuild and maintain positive relations with all customers, potential customers and co-workersPerform as a team member in allocating and coordinating the work flowContribute to the fulfillment of department and company objectives and goals to include looking for other banking relationship opportunities with borrowersComply with all department and company policies, procedures and regulationsJob Requirements:High school diploma or equivalence requiredMust have prior mortgage origination experienceMust be goal oriented and able to meet loan production objectivesAble to maintain NMLS registration and/or licensing statusKnowledge/Skills Required:Knowledge of mortgage loan origination, underwriting, processing, documentation, and post closing reviewKnowledge of both portfolio and secondary market loan origination programs and guidelines to include conventional, FHA, VA, USDA, and Jumbo loan programsKnowledge of the appraisal process, title insurance process, and loan closing process.Proven credit analysis skillsKnowledge of state and federal lending and compliance regulations and bank lending policiesExcellent organization and time management skillsExperience with originating loans using Loan Origination SystemsIntermediate math skills, ability to calculate interest, commissions, proportions, debt-to-income ratios, loan to valuesExcellent customer service skills, attentiveness, and information retentionMust be a proficient communicator and listener, as well as strong organizational skillsMust possess excellent relationship-building and sales skillsPhysical and Mental Qualifications:Standing, walking, bending and stooping requiredMust be able to sit at a desk for long periods of time and use a computerMust be able to occasionally move or lift up to 10 poundsMay be asked to work supplemental hours periodicallyLimited travel required occasionally during and after business hoursHourly Pay Range: $18.93 - $29.60 per hourBenefits: Eligible associates may participate in Carter Bank's benefits package, including medical, dental, vision, life insurance, disability coverage, other voluntary benefits, 401(k), paid time off, and paid holidays