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Mortgage Loan Officer at First United Bank in Plano, TX
Skills
Job Description
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The Position
Job Title
Mortgage Loan Officer
Job Description
SUMMARY
The primary role of a Mortgage Loan Officer is to originate and close mortgage loans through extensive marketing initiatives as well as new and existing relationships. The Mortgage Officer position is an outside sales position responsible for originating retail mortgage loans through external sources. This position is directly responsible for origination objectives and sales strategies that will expand market share.
MAJOR DUTIES AND RESPONSIBILITIES (ESSENTIAL FUNCTIONS)
- Uses interpersonal and communication skills to generate referral business, leads, and relationships with individuals, existing clients, past clients, and Real Estate Professionals.
- Cross sells First United Bank products and services.
- Works with bank personnel to promote First United in assigned markets.
- Takes thorough and complete loan applications; analyzes and pre-qualifies applicant information to determine viability of the client's desired loan program.
- Pulls credit, analyzes credit, and compares for accuracy with the mortgage borrower's statements and loan application.
- Determines the correct loan options for the borrower based upon the applicant's present situation, future plans, and preferred loan product.
- Submits the loan application, preliminary income verification documents, preliminary asset verification documents, loan disclosures, any required credit explanation letters and executed application forms to processing.
- Counsels the borrower through the application, approval and closing process – including review of the Closing Disclosure with the borrower prior to closing.
- Attends closings and ensures great customer service throughout the process.
- Meets minimum expectations for First United best practices and production standards.
- Attends assigned production meetings.
- Provides exceptional customer service, maintains high ethical standards, and insures compliance with every borrower.
ADDITIONAL DUTIES AND RESONSIBILITIES
- Performs other duties as requested by Executive Management or Supervisor.
- Completes all required compliance exams on a yearly basis.
- Adherence to all First United Policies and Procedures.
- Dresses professionally.
EMPLOYEE SPECIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and Work Experience
- High School diploma or GED required.
- MUST have at least two years’ experience in mortgage lending environment.
- Proven record of success for generating sales in a mortgage lending environment.
- MUST be currently working as a Mortgage Loan Officer closing a minimum of 2 self-sourced loans per month
Technical/Functional Competencies
- Possession of strong organizational skills.
- Excellent verbal and written communication skills.
- Exceptional interpersonal communication skills.
- Ability to work independently on assigned tasks as well as to accept direction on given assignments.
- Demonstrated technical knowledge of Bank, Mortgage, Federal and State lending and compliance/regulatory matters.
NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned by supervisor to meet the ongoing needs of the organization.
All Locations:
Austin-Seven Oaks, Dallas Mortgage, Fredericksburg-Main, Ft. Worth Mortgage 2, OKC-Southwest, Plano-Parkwood, Rockwall Mortgage, Seguin-East, Seguin-Main, Seguin-West, Southlake Mortgage, Temple, Tulsa
If any applicant is unable to complete an application or respond to a job opening because of a disability, please email us at HR@firstunitedbank.com for assistance.