Northwest Savings Bank

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MORTGAGE LOAN ORIGINATOR

at Northwest Savings Bank

Posted: 6/26/2020
Job Status: Full Time
Job Reference #: 51ff5025-d918-474f-8054-4243d50914b4
Keywords: banking, credit

Job Description

PREFERRED EDUCATION, TRAINING AND EXPERIENCE: Minimum 3 years’ experience in a mortgage origination/sales position with proven ability to successfully meet production and quality goals. Knowledge of banking industry laws, regulations, and the retail origination process.  Knowledge of conventional, government loan products and guidelines including Fannie Mae, Freddie Mac, FHA, USDA-Rural Housing and VA loans preferred.  Working knowledge of Ellie Mae-Encompass Loan Origination software, Freddie Mac – Loan Product Advisor and Optimal Blue pricing engine preferred. Working knowledge of retail mortgage loan pricing preferred.  Excellent verbal and written communication skills with the ability to work closely with customers.  Strong sales skills with the ability to turn prospects into customers.  Strong networking and organizational skills.  Ability to work collaboratively and manage multiple deadlines and priorities.  Ability to work independently as well as in a team environment.

 

REQUIRED:  Per the SAFE Act, registration with NMLSR and annual renewal as a condition of employment.

Specifics -

  • Registering with the Registry and maintain registration
  • Obtaining a unique identifier through the Registry  
  • Providing MLO unique identifiers to consumers

 

GENERAL RESPONSIBILITIES:

This position is responsible for:

  • Proactively soliciting new residential mortgage business through internal and external sources in an assigned geographic area
  • Participating in business related development opportunities, professional organizations, and community efforts to promote homeownership
  • Producing timely and accurate reports as requested
  • Completing special projects and participating in presentations as needed
  • Working as part of a team
  • Working with onsite equipment

 

ESSENTIAL FUNCTIONS:

 

ADMINISTRATIVE:

  • Ensuring compliance with Northwest policies and procedures
  • Ensuring compliance with Federal/State regulations
  • Ensuring compliance with third party agencies and vendors
  • Ensuring exceptional customer service experience throughout the loan origination process.
  • Interacting with other team members and other departments in a professional manner
  • Submitting complete credit applications with supporting documentationORIGINATING:
  •  
  • Developing and maintaining successful relationships with internal and external referral sources
  • Prospecting new mortgage lending opportunities
  • Facilitating communication activities with customers and referral sources during loan origination process
  • Reviewing applications, credit files, and customer qualifications to determine appropriate loan products and pricing
  • Counseling and coaching loan applicants to assist them towards their goals and to deliver the best loan products for their needs
  • Requesting timely loan rate locks for Secondary Marketing
  • Maintaining up-to-date knowledge of loan products including conventional, portfolio, FHA,VA, USDA-Rural Housing programs and secondary market rules 
  • PRODUCTIVITY:
  •  
  • Achieving production and quality goals
  • Cross-selling other Northwest products and services to loan applicantsSAFETY/HEALTH
  •  
  • Being familiar with/abiding by the rules of the safety and loss prevention program
  • Performing work tasks in a safe manner
  • Reporting any and all injuries to their supervisor
  • Knowing what to do in the event of an emergency