What are the responsibilities and job description for the Mortgage Loan Officer position at First Federal Bank?
First Federal Mortgage of North Carolina, a division of First Federal Bank is growing! We are looking for Mortgage Loan Originators who would like to be part of an exciting growth opportunity as we expand our mortgage services in Wake County. First Federal Mortgage Loan Originators will have access to a wide range of competitive products consisting of portfolio and secondary market products along with the support and backing of a local community bank that has been originating mortgage loans since 1959. The bank offers a full array of benefits and is opening a new mortgage loan production office in a premier location in Wake County!
This position requires National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E. Act of 2008 and Regulation Z. Candidates will be subject to the required registration process, which includes a criminal background and credit check. Failure to meet or maintain any of the NMLS registration requirements, including maintaining a satisfactory criminal and credit record may result in the rescission of offer or termination of employment.
Responsibilities:
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Originate 1-4 family residential mortgage loans in the assigned area.
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Takes applications, conducts preliminary underwriting reviews, submits loan applications to processing and underwriting for approval.
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Follows up to ensure that documents required for processing, underwriting and closing are secured in a timely manner from appropriate sources.
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Engage in making and soliciting loan sales calls to realtors, builders, financial advisors, and other referral partners.
Basic Qualifications:
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High school diploma or equivalent
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Minimum 6 years of the mortgage, sales, real estate, or banking experience
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Ability to travel
Preferred Skills/Experience:
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Well-developed sales ability
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Basic knowledge of pricing and underwriting requirements of various mortgage insurance companies
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Working knowledge of underwriting requirements for FNMA, FHLMC, FHA, VA and USDA loan programs
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Basic knowledge of local, state and nations laws (e.g. Truth-in-Lending, RESPA)
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Ability to work independently
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Ability to analyze financial information
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Excellent verbal and written communication skills
Job Sales:
Primary Location: Holly Springs, NC
Shift: 1st/Daytime and as needed to meet the needs of referral partners
Average Hours Per Week: 40
EOE