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Mortgage Loan Originator

Company: American National Bank and Trust Co.
Location: Lynchburg
Posted on: September 20, 2022

Job Description:

JOB SUMMARYThe Mortgage Loan Originator is responsible for increasing the mortgage loan portfolio and/or sales on the secondary market of mortgage loans by developing business contacts; attracting and soliciting mortgage customers; and ensuring the completion of the mortgage loan process. Develops and maintains successful relationships with business referral sources. ESSENTIAL FUNCTIONS1. Originates single family home mortgage applications from outside sources, realtors, builders, financial planners and accountants.2. Meets with bank referrals to discuss various mortgage options.3. Interviews customer; takes mortgage loan application; pulls credit report; runs loan through automated underwriting (AUS). 4. Provides written pre-qualification letter for applicants to home shop.5. Determines which mortgage product will work best for customer.6. Reviews loan for QM and ATR requirements and compliance.7. Must have thorough knowledge of all agency and government products to decide best product for customer per agency or investor guidelines.8. Locks interest rate with investor for 45-60 days.9. Provides all disclosures and is responsible for compliant regulatory disclosures.10. Collects all documentation necessary to approve mortgage loan.11. Examines and analyzes financial and income documents.12. Initiates appraisal request order through Bank's third party appraisal portal.13. Submits mortgage application through mortgage LOS to mortgage loan processor.14. Discusses mortgage process and application with processor, underwriter and closer.15. Coordinates processing and works with customer and closing agent on closing date.16. Provides updates to customer as well as all involved parties to mortgage loan.17. Accepts modification requests from Bank mortgage loan portfolio. 18. Collects documents; updates credit and income; analyzes modification requests; and forwards to processing. 19. Attends bank events promoting mortgage products and services.20. Maintains a thorough knowledge of all American National Bank products, services, procedures, policies and appropriate regulatory issues relating to daily job functions including but not limited to: Bank Secrecy Act; Privacy; Fair Lending; Regulation E; deposit, transaction and loan accounts.21. Normal office working environment.22. Travel to banking offices as needed.23. Valid driver's license required.

REQUIRED SKILLSExcellent interpersonal skills essential.Deals effectively with varying workload requirements - sets priorities and manages time wisely.Must be well organized and detail oriented with ability to multi-task. Uses sound judgment and decision making skills.Must have good communication skills, both verbal and written.Must possess passion for excellent customer service. Good computer skills required. EDUCATION AND EXPERIENCEBachelor's Degree in finance, accounting, business or related field.3-7 years' mortgage experience.Demonstrated understanding of mortgage processing, underwriting and closing procedures.Knowledge of conventional and/or government lending guidelines.Understanding of Federal Regulations governing Real Estate Lending.PI190392969

Keywords: American National Bank and Trust Co., Lynchburg , Mortgage Loan Originator, Accounting, Auditing , Lynchburg, Virginia

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