Mortgage Loan Originator Position Available In Buncombe, North Carolina
Tallo's Job Summary: The Mortgage Loan Originator position involves originating residential 1st mortgage loans, meeting sales objectives, and managing the loan process from application to closing. Responsibilities include developing referral contacts, maintaining knowledge of loan products and procedures, collecting documentation, and providing excellent customer service. Candidates must have three years of mortgage lending experience and a proven sales track record.
Job Description
Job Description:
GENERAL FUNCTION
Performs a wide range of duties relating tothe origination of residential 1st mortgage loans for outsidereferrals. Meets standards and objectives defined by management formortgage loan sales and cross-selling objectives. Assumesoverallresponsibility for the residential mortgage loan from applicationto closing.
ESSENTIAL DUTIES & RESPONSIBILITIES
- Develop referral contacts (realtors, builders, professional andpersonal contacts).
- Maintain knowledge of Fifth Third Mortgage Company”s policiesand procedures.
- Maintain knowledge of available loan products, processingprocedures, and underwriting and general departmentalguidelines.
- Follow defined protocol for escalation exceptions.
- Take applicant applications by completing Fannie Mae form 1003 onthe laptop.
- Utilize the laptop for communication and access of daily rates,applicant credit reports, Loan Prospector responses andtransmitting the loan to LOMAS.
- Collect appropriate documentation from each applicant and deliverloan package in the time frames set by management.
- Manage pipeline for all originated loans through closing andcomplete required management reports.
- Communicate with branches and/or applicants of providing timelyupdates and progress reports.
- Maintain high levels of customer service while managing eachapplicant”s and support staff#s expectations.
- Attend and participate in all Consumer Lending meetings asrequired by management.
SUPERVISORY RESPONSIBILITIES
None. Mortgage Loan Officer must meet the following criteria: Three years of mortgage lending experience. Established book of business (local centers of influence willing torefer mortgage loans to you). Existing mortgage sales of $1million per month, and 4 purchaseunits closed per month
