Mortgage Loan Officer

Description

GENERAL DESCRIPTION:

The Mortgage Loan Officer will solicit business and take loan applications to conform to American National Bank & Trust’s (“ANB&T”) loan programs. This position will supervise the processing of loans and will underwrite and approve loans to Bank & Investor standards.

ESSENTIAL FUNCTIONS OF JOB:

1. Interviews prospective borrowers for residential loans.

2. Maintains an awareness of the residential lending market

3. Thorough understanding of all loan programs the company offers and how to qualify your borrowers for them and then all investor loan requirements

4. Develop & maintain contacts with realtors and builders 

5. The ability to cold call and market yourself with realtors and builders

6. Meet the requirements that provided in writing of management’s expectations of monthly sales.

7. Verifies that all incoming documents are sufficient for qualifying the applicant

8. Communicate daily with processors the statuses of files to reach closing dates

9. Help gather, with processors, all loan package documentation and forms

10. Keep files up to date in the origination system for managements reporting

11. Helps handle loan processing problems and requirements as necessary to reach closing dates

12. Looks for and completes required trainings to keep their selves up to speed with the always changing mortgage industry

13. Communicates with processors/managers as to file acceptance or any additional information required or problems that need attention.

14. Perform all other duties as assigned.

Requirements

REQUIRED SKILLS:

1. Possess thorough knowledge of secondary market underwriting standards for residential loans.
2. Ability to communicate effectively with realtors, builders and bank personnel.
3. Ability to work under pressure, detail-oriented, multi-task, problem-solving and work effectively with other personnel.
4. SUPERVISORY RESPONSIBILITIES: Supervises one  (1) non-exempt employee. Carries out supervisory responsibilities in      accordance with company policy and applicable law(s). Such responsibilities include interviews, hiring and training employees; goal planning, assigning and directing work; performance appraisals; rewarding and disciplining employees; addressing complaints and problem resolution.
5. COMMUNICATION SKILLS: Ability to read, analyze and understand general business- and company-related articles and      professional journals; ability to speak effectively before groups of customers and/or employees.
6. MATHEMATICAL SKILLS: Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume; ability to apply concepts such as fractions, ratios and proportions to practical situations.
7. CRITICAL THINKING SKILLS: Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists; ability to utilize common sense understanding in order to carry out written, oral or      diagrammed instructions; ability to deal with problems involving several known variables in situation of a routine nature.
8. SUPERVISION RECEIVED: Under general supervision where standard practice enables the employee to proceed alone with routine work, referring any questionable cases or issues to direct supervisor.
9. PLANNING: Considerable responsibility with regard to general assignments in planning time, method, manner and/or      sequence of performance of own work; may also occasionally assist in the planning of work assignments performed by others within a limited area of operation.
10. DECISION-MAKING: Performs work operations which permit frequent opportunity for decision-making of minor importance      and also frequent opportunity for decision-making of major importance, either of which would affect the work operations of medium organizational component and the organization’s clientele.
11. MENTAL DEMAND: Close mental demand; operations requiring close and continuous attention for control of operations; operations requiring intermittent direct thinking to determine or select the most applicable way of handling situations regarding the company’s administration and operations; also determine or select material and equipment where highly variable sequences are involved.
12. ANALYTICAL ABILITY / PROBLEM-SOLVING: High order of analytical, interpretative and/or constructive thinking in varied situations. 
13. PUBLIC CONTACT: Regular contact with patrons where initiated by employee; involves furnishing and obtaining information and attempting to influence the decisions of those persons contacted; contacts of considerable importance that failure to exercise      proper judgment may result in important tangible or intangible losses to company.
14. EMPLOYEE CONTACT: Regular contact with co-workers within the department, office or enterprise, which will require      coordination of efforts generally in the normal course of performing duties; requires tact in discussing problems, presenting data and making recommendations.

PHYSICAL REQUIREMENTS and WORKING CONDITIONS:

The Mortgage Loan Officer is regularly required to talk, hear and speak; frequently required to sit or stand; may be required to lift and/or move up to 10 pounds. Close vision, distance vision and color vision required. Primarily works indoors. No harmful environmental conditions are present. Noise level is moderate.

REQUIRED EXPERIENCE / EDUCATION:

• High school diploma or GED equivalent, plus knowledge of a specialized field (however acquired), such as basic accounting, computer, etc... Night school, trade extensions or correspondence school specialized training (equal to two (2) years of college). Twelve (12) to eighteen (18) months of related experience and/or training and related management experience or an equivalent combination of education and on-the-job experience.
• Thorough knowledge of secondary market underwriting standards for residential loans
• Ability to communicate effectively with realtors, builders, and Bank personnel
• Ability to work under pressure, handle problems and work effectively with other personnel
• Minimum one (1) year experience in originating mortgage or other loans.

DISCLAIMER:

This job description is representative only and not an exclusive or exhaustive list of all job functions that an employee in this position may be asked to perform from time to time. Duties and responsibilities may be changed, expanded, reduced or delegated by Management to meet the business needs of the organization.

This document in no way constitutes an offer of employment or a contract of employment. ANB&T reserves the right to modify job descriptions, policies or any other procedural document at any time, for any reason, with or without prior notice.