What are the responsibilities and job description for the Loan Officer position at Ixonia Bank?
SUMMARY:
The Loan Officer’s primary role is to source, qualify, and originate mortgage loans for Novus Home Mortgage.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Develop and maintain relationships within the real estate community
- Monitor loan pipeline
- Ensure compliance with all government and regulatory requirements
- Attend weekly sales meetings
- Take information from the prospective borrower and complete the loan application form
- Analyze the prospective borrower’s income and debt and pre-qualify the prospective borrower to determine the maximum mortgage amount that the prospective borrower can afford
- Educate the prospective borrower in the home buying and financing process, advising the borrower about the different types of loan products available and demonstrating how closing costs and monthly payments could vary under each product
- Maintain regular contact with the borrower, realtors, and operation departments between the time of the application and closing to apprise them of the status of the application and gather any additional information
- Collect financial information (tax returns, bank statements) and other related documents that are part of the application process
- Order credit report, when required by the Novus Home Mortgage
- Determine whether the property is located in a flood area, where required by NHM
- Attend the closing of the mortgage loan, if requested
- Under no circumstances shall the Loan Officer be compensated greater than the amount negotiated in the Loan Officer Compensation Agreement
- The Loan Officer shall determine his or her hours of work. You are not required to work any specific number of hours per week and what you do work is at your discretion
QUALIFICATIONS:
- Two (2) years prior mortgage or mortgage banking experience
- Ability to deliver effective results and meet deadlines
- History of exceeding sales goals
- Sound judgment and decision-making skills
- Ability to work under pressure and meet deadlines with minimal supervision
- Excellent phone and service skills
REQUIRED EDUCATION AND EXPERIENCE:
- Must have a current license through NMLS
- Highschool diploma or equivalent
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
