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Open nowFirst seen 3 hours ago

Mortgage Loan Officer

Bell Bank59 open roles

Where
Baxter, MN, USA
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Your applicationOpen nowMortgage Loan OfficerBell Bank · Baxter, MN, USA
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The clock on this job

Early applications get read.

11.3% of postings close within 7 days. Measured by our own scanner across the market.

Share of postings closed within
  1. 2.0%1 day
  2. 4.3%3 days
  3. 11.3%7 days
  4. 17.5%14 days
  5. 34.2%30 days
  6. 43.5%60 days
This job: first seen 3 hours ago

The posting

Under minimum supervision, this position will market and originate mortgage loans that meet regulatory and investors guidelines to be sold on the secondary mortgage market.

Primary Duties:

  • Gather all information necessary for documentation, analysis, disclosure and underwriting loan applications.
  • Structure loan to ensure compliance to product guidelines.
  • Submit through DU/LP and review findings to ensure borrower findings meets guidelines.
  • Enter all required information into the mortgage loan origination system and order appraisal.
  • Solicit and take loan applications in a professional and timely manner in line with company standard and procedures.
  • Evaluate credit factors and eligibility to ensure application meets guideline requirements.
  • Provide appropriate borrower compliance information at the time of application, have disclosures signed and delivered.
  • Provide Loan Estimate (LE) within regulatory guidelines. Also provide re-disclosure as required by regulatory guidelines through understanding of MDIA requirements.
  • Provide all necessary applicant information to processor.
  • Price loans according to guidelines and secure signed lock agreements.
  • Review Closing Disclosure (CD) and prepare the borrower for closing.
  • Keep open line of communication with agents, borrower, processors and closers to provide excellent customer service.
  • Develop individual marketing plans to expand market share and stimulate loan production. Maintain regular customer contact with professional and community organizations to ensure a positive company image.
  • Stay up to date on all program, compliance, and investor guidelines and changes that will affect the borrower and Bell Bank Mortgage.
  • Provides advice and service to applicant requesting mortgage information.
  • Make preliminary determination of applicant's credit worthiness and has authority to issue prequalification statement of borrowers eligibility.
  • Maintain awareness of new trends and developments in the local and national real estate market to better serve clients and provide feedback to management
  • Know by name and face as many customers and employees as possible, calling them by name as often as possible.
  • Know, understand, and live the company values and bottom line.
  • Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable state and federal laws and regulations.
  • All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
  • Perform other duties as assigned.

Job Skills Required:

  • B.A. or minimum of three years of mortgage banking experience.
  • Two years of mortgage banking sale experience.
  • NMLS registration.
  • Familiarity with all mortgage banking functions, FNMA, FHLMC, HUD/VA Lending, regulatory compliance and investor guidelines.
  • Ability to strategically plan to market and develop business contact.
  • Ability to work with limited supervision.
  • Excellent customer service skills.
  • Ability to function efficiently and effectively under deadlines and stress while maintaining a professional and mature profile.
  • Ability to travel to different branches and to off-site meetings to meet with clients or co-workers.
  • Bell Bank provides competitive compensation and an excellent benefits package.
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