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Residential Loan Officer

Company: Newburyport Bank
Location: Amesbury
Posted on: May 15, 2022

Job Description:

Newburyport Bank is a premier community bank in the Greater Seacoast looking to expand our team. If you are seeking an organization who treats customers, employees, and community members with respect, fairness, and an unwavering commitment to professional growth and development, apply now.

We are hiring a Residential Loan Officer who is responsible for originating 1-4 family residential mortgage loans and generating and developing new business while providing high quality customer service to borrowers during the mortgage application process.




PROCESS MANAGEMENT:




Develops and maintains relationships with local realtors, builders, attorneys and clients to generate and increase the referral flow to generate new loan growth.


Engages in outside marketing and promotional activities to support individual mortgage sales by making office visits, making presentations, attending open houses, frequenting trade shows and local realtor/trade events.


Promotes and cross sells related bank retail and lending products and services.


Originates and qualifies borrowers for desired mortgage and consumer loan products within the bank's Comprehensive Lending Policy, and when applicable, according to Secondary Market and Investor requirements.


Manages and maintains loan pipeline.


Assists and maintains contact with borrowers throughout the application process to ensure a timely and smooth transaction including answering questions, explanation of documents and disclosures including; Loan Estimates, Closing Disclosures, APR, Commitment Letters to borrowers.


Works closely with processing to ensure loan conditions are being met timely and accurately and overall pipeline management.


Evaluate and issue pre-qualification letters.


Maintains contact with borrower(s) throughout the application process to ensure a smooth and timely transaction.


Creates and maintains network of potential outside referral sources.


Demonstrates understanding and compliance with Bank policies and procedures as well as regulatory guidelines as applicable to the position.


Works with other employees of the department & organization as a positive, enthusiastic and proactive team member.





Minimum of associate's degree with a concentration in business and minimum of 3+ years of prior mortgage loan generating experience or applicable combination of both.
Knowledge of all 1-4 family residential and consumer loan products including investor guidelines and overlays including; secondary market.
MA & NH Housing, working knowledge of banking industry, trends and regulations and the ability to read financial data including tax returns, personal financial statements, credit reports, appraisals strongly preferred.
Prior experience with and understanding of Microsoft applications (Word, Excel and Outlook) and internet based application processes helpful.
Valid NMLS registration required. Professional demeanor and professional maturity required for working closely with customers, employees, vendors and members of the Board of Directors preferred.


Member DIF/Member FDIC/EOE/Disabilities/Equal Housing Lender/Bank NMLS#413282
PM21PI177603979

Keywords: Newburyport Bank, Lowell , Residential Loan Officer, Other , Amesbury, Massachusetts

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