Mortgage Loan Originator
Company: American National Bank and Trust Co.
Location: Lynchburg
Posted on: September 20, 2022
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Job Description:
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.
Requirements:
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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