BankNewport

  • Residential Loan Officer

    Job Locations US-RI-Middletown
    Posted Date 5 months ago(6/18/2018 8:00 AM)
    Job ID
    2018-1209
    # of Openings
    1
    Category
    Sales
  • Overview

    OVERVIEW:

     

    Identifies and develops residential loan opportunities in assigned territory in conformance with the Bank’s policies and procedures.

    Responsibilities

    PRIMARY ACCOUNTABILITIES / RESPONSIBILITIES:

     

    Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers.

     

    1. Originates residential loan products within an assigned territory to meet sales and service goals. Provides quality customer service throughout the mortgage origination process.
    2. Conducts interviews with prospective borrowers. Analyzes credit and financial information and completes mortgage loan application.
    3.  Provide excellent customer service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements.
    4. Ability to analyze and comprehend complex financial data and provide financial alternatives to borrowers.
    5. Provide timely communication to the borrower throughout the loan process regarding the status of their loan request.
    6.  Develop and maintain relationships with local referral networks including real estate brokers, attorneys, builders, and other related professionals within the geographic territory in order to promote the bank’s products and services and to increase sales opportunities.
    7. Ability to communicate clearly and effectively, both verbally and in writing
    8. Ability to organize and prioritize multiple tasks simultaneously
    9. Participates in local community and business organizations to promote the Bank and conducts periodic educational seminars for potential borrowers and realtors
    10. Comply with all Federal and State compliance policies and HMDA requirements.
    11. Strong knowledge and understanding of all Regulatory and Compliance guidelines that govern residential lending. Attend relevant courses and seminars. OTHER ACCOUNTABILITIES / RESPONSIBILITIES:
    12.  Successful candidate must meet and comply with all requirements set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLRS.
    13. Performs related and unrelated duties as may be needed.

    Qualifications

    POSITION REQUIREMENTS/QUALIFICATIONS:

     

    Minimum Three years progressively responsible mortgage origination/sales experience

    Bachelors Degree or its equivalent in specialized course work and training.

    Verifiable history of minimum closed loan volume of no less than $12 million annually

    Demonstrated knowledge of mortgage lending functions involving financial statement analysis, credit risk, installment lending, and general business finance.

    Working knowledge of all Bank’s products and services.

    Strong computer skills and experience utilizing laptop technology

    Strong time management skills.

    Excellent communications, negotiation and organization skills.

    Proven sales ability.

    Must have valid driver’s license.

     

    SUPERVISORY SCOPE:

     

    None

     

    INDEPENDENT ACTION:

     

    Establishes own work plan and performs work independently within scope of established guidelines and practices. Generally refers specific problems to manager where clarification of policies and procedures is needed.

     

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