What are the responsibilities and job description for the Mortgage Loan Officer position at HERITAGE BANK INC?
Summary:
Originates first mortgage loans, promotes the financial institution and its lending services to the real estate community and helps to identify and serve the community’s financial needs through home loan counseling, and sales meetings, and by participating in and promoting the financial institution’s community activities.
Major Duties & Responsibilities:
- Solicits first mortgage loans. Informs prospective loan clients of the financial institution’s underwriting guidelines and applicable government regulations.
- Personally interviews all loan applicants.
- Completes each loan application and all pre-processing functions in a timely manner to permit the loan estimate to be mailed within the requested three business day period.
- Screens loan requests based on financial institution policies and on types of loans offered by the institution.
- Orders credit reports, background checks, reference checks and other information as needed on residential loan applicants.
- Ensures compliance with new rules by advising senior management and implementing appropriate changes.
- Personally answers incoming phone calls and schedule appointments.
- Communicate complex approvals or denials to the borrower, real estate agent or builder.
- Maintainsand submits a source-of-business log monthly to supervisor.
- Distributes market data, rate flyers and general loan information to the real estate community as directed by financial institutions management.
- Promotes and participates in the financial institution’s special credit programs and other CRA programs.
- Actively participates in local business and community activities and maintains close contact with local builders, real estate brokers and agents, customers and prospects.
- Conduct day-to-day operations in accordance with the laws, regulations, policies, procedures, and expectations of the Bank. Compliance will be recognized as part of the period performance review; noncompliance may result in disciplinary actions, up to and including termination of employment.
