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Residential Mortgage/Community Reinvestment Act (CRA) Officer

Walpole Co-operative Bank 

Walpole, MA
 

Walpole Co-operative Bank is seeking a Residential Mortgage/Community Reinvestment Act (CRA) Officer to effectively direct and manage mortgage function, including underwriting and secondary market sales. The Residential Mortgage/Community Reinvestment Act (CRA) Officer will ensure efficient mortgage origination operations, and direct and implement the Bank’s Community Reinvestment Act (CRA) programs.

Residential Mortgage/CRA Officer Qualifications and Skills 

• Bachelor’s degree or equivalent experience
• 5 to 7 years’ residential mortgage origination and underwriting experience
• 1 to 2 years’ supervisory or management experience
• Extensive knowledge of mortgage loan products, FHLMC underwriting guidelines, and federal and state regulations
• Working knowledge of Finastra Mortgagebot and DocMagic systems
• Excellent interaction and presentation skills
• Attention to detail with strong organizational skills
• NMLS licensed and able to maintain and renew on an annual basis
• Must be proficient with Microsoft Office including Word, Excel and Outlook

Why You Should Apply 

• Competitive salary with weekly pay
• 80% employer paid premiums for health, dental and vision insurance with FSA and HRA programs (50% of annual deductible covered on HRA)
• 401(k) and 2:1 match, fully paid pension plan, generous paid time off, 100% tuition reimbursement up to 7K per year, 100% paid life insurance, and more!

Residential Mortgage/CRA Officer Job Responsibilities 

• Foster a positive environment by modeling cultural expectations of accountability, inclusion, flexibility, continuous improvement and collaboration as a results-driven leader with an optimistic, can-do attitude
• Hire, train, actively coach, cross train, appraise, and evaluate staff; ensure that staff is motivated and conversant in Bank products and procedures, banking regulations, and compliance rules
• Ensure all direct reports can effectively perform all essential job responsibilities and functions
• Direct and manage residential mortgage department; ensure loans are originated, processed, underwritten and closed in timely manner and that loan quality standards and compliance policies are met
• Ensure timely, efficient and profitable mortgage origination through selection of mortgage vendors and mortgage programs, management of mortgage operations and underwriting
• Actively generate residential loans through ongoing development of referral network, active business development calls and referral follow up
• Provide leadership in implementation of Community Reinvestment Act Program in conjunction with other Bank staff
• Participate in selected community or civic organizations, conduct seminars and education programs, including Financial Literacy at partner schools and First Time Home Buyers seminars
• Ensure all residential lending systems, software and service providers are compliant and up to date with all consumer regulations
• Ensure secondary market sales through effective financial analysis and selection of programs, timely program compliance and completion of loan packaging that meets investor requirements
• Update mortgage policy and procedures in compliance with laws and Bank policy; recommend changes to policy and procedures as needed
• Participate in internal and external audits and reviews
• Courteously communicate with customers, prospects, attorneys and Bank staff; ensure that department complaints and problems are handled in an efficient and timely manner
• Maintain updated knowledge regarding loan products, investor requirements and lending regulations; attend periodic seminars or training sessions             

About Walpole Co-operative Bank (www.walpolecoop.com)

Walpole Co-operative Bank is a community bank dedicated to meeting the needs of the communities we have served for the last century. Our office is located in the heart of Walpole and our focus has always been helping local people, businesses and non-profit organizations reach their goals. Our perspective is unique because it is local and hyper-focused on the specific needs of our wonderful community. We are a high performing, financially sound, independent community bank. Our commitment is to provide quality banking solutions that support the economic vitality of the individuals and businesses within the markets we serve. This commitment strengthens local communities, creating a positive impact on people’s lives. 

Walpole Co-operative Bank is an equal opportunity employer, dedicated to building an inclusive and diverse workforce. 

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