Mortgage Loan Officer
Company: Waterford Bank
Posted on: August 6, 2022
Job DescriptionTitle: Mortgage Loan Officer Department: Mortgage
Group Reports to: VP, Mortgage GroupSummary: Mortgage Loan Officers
are responsible for originating residential mortgage loans that
conform to secondary market guidelines. The origination process
includes the following:Essential Duties and Responsibilities:
- Soliciting referrals from internal Bank partners.
- Soliciting referrals from external partners including realtors,
builders, financial planners, CPAs, etc.
- Assess a borrower's ability to qualify by thoroughly reviewing
their income, assets, credit, and the collateral.
- Develop and maintain knowledge of current Fannie Mae, Freddie
Mac, and other Investor guidelines in order to maintain the
salability of mortgage loans.
- Communicate with Processing, Underwriting, and closing
functions to ensure a loan moves timely through the stages of the
- Stay current with pricing of Conventional, FHA, Non-Conforming
loans as well as Fixed vs. Adjustable. It is also the Loan
Officer's job to know the Loan Level Pricing Adjustments put in
place by Secondary Market.
- Develop and maintain knowledge of current Federal regulations
related to Mortgage lending.
- Be familiar with the Bank's Loan Origination System so that all
documentation and data elements comply with current Federal
- Maintain active NMLS registration requirements.
- Comply with all requirements of the Bank Secrecy Act.
- Assist supervisor in other duties as assigned. Job
- Four (4) year degree preferred.
- Minimum of 4 (4) years of successful mortgage loan origination
- Proven ability to maintain significant business volume from
outside referral sources.
- Comprehensive knowledge of current regulatory and secondary
- Strong oral and written communications skills.
- Eligible for active NMLS registration.Waterford Bank, N.A. is
an Equal Opportunity and Affirmative Action Employer. The Bank
provides equal employment opportunities to all employees and
applicants for employment without regard to race, color, religion,
gender, sexual orientation, gender identity, national origin, age,
disability, marital status, amnesty, or status as covered veterans
in accordance with applicable federal, state, and local laws.
Keywords: Waterford Bank, Toledo , Mortgage Loan Officer, Other , Toledo, Ohio
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