Loan Officer Outside Sales

Job Title

Loan Officer Outside Sales

Reports To

Branch Manager

Job Overview

The Loan Officer Outside Sales will initiate the mortgage process for potential clients, preparing, analyzing, and verifying mortgage loan applications for the purchase or refinance of real estate.

Supervisory Responsibilities:

• Based on predetermined requirements, assesses, and grants or rejects mortgage applications.
• Develops and maintains contacts with local realtors, developers, and builders to promote and encourage the use of bank services for residential mortgages.
• Views or visits property for real estate purchase or refinance.
• Reviews loan applications, gathers credit histories and reports, and assesses applicants’ capacity to repay and default risk.
• Maintains knowledge of trends and developments in the local real estate market; current and predicted lending rates; and changes in rules, regulations, and best practices of various mortgages.
• Explains the differences between and approval requirements of various types of mortgages; prepares and presents a lending package based on client specifications.
• Performs other duties as assigned.
• Assists clients with completion of mortgage applications, inspecting completed documents for accuracy and thoroughness.
• May assist with training new mortgage officers.
• Meets with and interviews potential and current clients to understand their lending needs including first-time mortgages and refinance of existing loans.

Responsibilities and Duties

Qualifications

• One to three years of prior experience in lending or related field preferred.
• Bachelor’s degree in Finance or Business Administration preferred, not required.

Work Experience

• Excellent interpersonal and customer service skills.
• Thorough understanding of Federal Housing Authority (FHA), Veterans Affairs (VA), Federal National Mortgage (Fannie Mae), and other types of construction and conventional loans.
• Proficient with Microsoft Office Suite or related software.
• Excellent organizational skills and attention to detail.