Job Description Description The Outside Mortgage Loan Originator (MLO) is responsible for establishing relationships with potential borrowers through lead
self-generation, and in some cases by working with company-provided leads. The Outside MLO will facilitate the relationship between bank and borrower throughout the lifecycle of the mortgage process and ensure all compliance guidelines are strictly adhered to. The Outside MLO will act in accordance with the corporate ethics policy and ensure all business is conducted with the utmost integrity. Continually identify, develop, and maintain a quality network of business relationships and serve as a recurring source of referrals for new lending opportunities to grow portfolio of leads Interview loan applicants, collect and review financial and related information, and determine the general creditworthiness of the prospect and the specific merits of the loan request for purchase, refinance and construction loans on residential real estate property Establish and negotiate the terms under which credit will be extended, including the costs, repayment method, collateral requirements, and other relevant information Develop materials for the presentation of loans as necessary Assure the appropriate reports are completed accurately and filed in a timely manner Own the primary communication and collection and upload of required documents from borrower Proactively communicate with borrowers throughout the lifecycle of the mortgage process Quickly communicate approvals or denials to loan applicants Inform clients of institutions underwriting guidelines and applicable government regulations Communicate complex approvals to real estate agents or builder as appropriate Manage personal pipeline to ensure service standards, financial goals and objectives for individual performance as it relates to overall branch goals Keep up with educational requirements and maintain a working knowledge of laws regulations, programs and products Comply will all applicable federal and state compliance guidelines relative to the position Carry out such other duties as may be assigned or requested Requirements Bachelor’s degree or equivalent experience in outside mortgage sales origination, including established contacts/relationships with the purchase market. At least 5+ years' experience and proven track record in soliciting new mortgage business At least 5 years’ experience in collecting and analyzing borrower income and negotiating skills Thorough knowledge of all mortgage products and programs Self-motivated with good organizational and interpersonal skills Good verbal and written communication skills Proficiency in standardized software applications, including Microsoft Office Suite Encompass experience preferred Experience working in an FDIC Banking environment NMLS License required
Thanks & Regards,
Pavani Chiluka
Lead Talent Aquistion
Software Technology, Inc. (STI)
Direct: (609) 934 3873
pavani.chiluka@stiorg.com
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