Outside Mortgage Loan Officer; Br 23/Tovar; 8/9/2023

Description:

JOB SUMMARY: Increases mortgage loan portfolio by developing business contacts; attracts mortgage customers; evaluates, authorizes or recommends approval of real estate loans; and advises borrowers on financial status and methods of payments. Conducts mortgage loan sales outside of the office, in the field, administering interactions with both potential and existing customers.

ESSENTIAL FUNCTIONS:

• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; and participating in professional organizations.
• Protects bank’s image by keeping mortgage loan information confidential.
• Performs other duties as assigned
• Completes mortgage loans by monitoring collection, verification and preparation of mortgage loan documentation; schedules and completes mortgage loan closing.
• Attracts new mortgage loan applications by developing relationships within the community, specifically with the real estate community; making sales calls to prospective customers.
• Attends various networking events to expand business contacts and channels; work with other mortgage loan officers to contact individuals, realtors and builders.
• Maintains up-to-date knowledge of FHA, VA or conventional loan rules, regulations and guidelines through a combination of educational classes, correspondence courses on the job training and webinars/seminars.
• Meets mortgage loan operational standards by contributing mortgage loan information to strategic plans and reviews; implements production, productivity, quality, and customer service standards; and resolves problems as needed.
• >50% of your time will be spent outside the office or home office for sales related activity.
• Prequalifies mortgage loans by examining application and supporting documentation; estimating credit-worthiness; and calculating repayment risk.
• Commission only position, not eligible for company benefits.
• Works within specified limits to approve loans for mortgage customers and refer loan applications outside those limits to senior management/loan committee for approval.

Requirements:

QUALIFICATIONS:

• Ability to analyze information and make informed decisions.
• Ability to function independently in a multi-task environment as well as part of a team.
• Proficiency in MS Office and mortgage software
• Strong organization skills and detail oriented.
• In-depth understanding of relevant rules and regulations.
• Bachelor’s degree preferred or equivalent work experience
• Must exhibit professionalism.
• Excellent communication and sales skills.
• Comprehension of lending procedures.
• Must achieve a minimum of either: Three (3) loans total, or one (1) loan per month average in previous quarter or any preceding three (3) month period; or, $650,000, in total loan volume produced in the previous quarter or any preceding three (3) month period.

• Applicants and employees notice of EEO rights are available in our office and online here: https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf
• EOE M/F/Disability/Veteran Employer
• If you are an individual with disabilities who needs accommodation or you are having difficulty using our website to apply for employment, please contact Human Resources at 903-334-0969.
• And the supplement: https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf