Residential Loan Officer

Commercial Banking Bellevue, Washington

Description

Position at Columbia State Bank

POSITION SUMMARY
The Mortgage Loan Originator is responsible for continually identifying, developing and maintaining a network of business relationships to source mortgage lending opportunities.

RESPONSIBILITIES

  • Positioned as the main contact between the Builder Finance Division and the potential customer
  • Have working knowledge of Custom Construction and New Construction Takeout programs
  • Ability and willingness to sit new construction sites when appropriate
  • Works in partnership with relationship managers as primary liaison with customers, inspector and title company representatives during all phases of construction until the loan closes
  • Oversees analysis and approves proposed construction budgets to ensure all appropriate project related costs and sources of funds are
  • Analyzes and reconciles construction draw requests included recommending approval of the funding draws and obtaining all approvals
  • Conduct interviews with prospective borrowers in order to analyze financial and credit data and determine customer financing objectives
  • Responds to customer inquiries and referrals that are generated from both their own contacts and from other bank business channels
  • Conducts preliminary underwriting reviews to assess secondary market standards (where applicable).Submit complete applications to processing and underwriting using computer technology
  • Advise customers on product/pricing policies and guidelines while gathering any additional information
  • Assist in obtaining information for timely processing of all mortgage loans. Verify supporting documentation including, but not limited to, employment history, deposit information and other documentation related to the application
  • Consistently communicates to customers their application status, (approval, denial, additional documentation, etc.), and current interest rates
  • Ensures exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements
  • Demonstrating commitment to professional ethics by complying with all Federal and State compliance policies and adhering to HMDA requirements
  • Other duties as assigned

MINIMUM JOB REQUIREMENTS

  • Two or more years of experience in a loan origination
  • Knowledge of conventional and/or government guidelines
  • Knowledge of processing underwriting and/or closing procedures/federal lending regulations governing real estate lending
  • Demonstrated time management skills and the ability to organize, prioritize and perform multiple tasks simultaneously
  • Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences
  • Strong team and customer service skills
  • Self-motivated and highly organized
  • Ability to prioritize multiple competing task
  • Availability to travel to other worksites and locations as needed.
  • Must be a minimum of 18 years of age
  • High School diploma or GED equivalent

PERFERRED QUALIFICATIONS

  • Familiar with FHA and HUD guidelines
  • Strong computer skills including MS applications
  • Ability to analyze and comprehend complex financial data and provide financial alternatives

OUR CORE BEHAVIORS

  • Be Genuine. Conduct yourself in a consistent, honest and compassionate manner at all times.
  • Work Ethic. Be willing to go the extra mile for the customer, whether internal or external.
  • Influence. Be an active player in participating, building and contributing to service.
  • Continuous Learning. Commit to gaining knowledge, skills and experience on an ongoing basis in order to better serve the customer, increase personal satisfaction and improve Columbia Bank.
  • Team Play. We win together. Individuality is encouraged to advance and enrich the work of the team.
  • Problem Solving. Bring creative, problem-solving mentality to every situation. See alternatives, take initiative and assume responsibility for your actions.
  • Communication. Keep others informed and up-to-date. Actively listen and learn from each other.
  • Have a sense of community: We firmly believe that we're only as strong as the communities we serve. Your involvement is an important part of who we are.

PHYSICAL AND MENTAL REQUIREMENTS

  • Ability to sit at a computer monitor for extended periods of time
  • Ability to perform repetitive finger, hand, and arm movements
  • Ability to lift up to 5lbs.
  • Ability to effectively discern information and formulate appropriate action
  • Ability to reach, squat, bend, and manually manipulate standard office equipment