Mortgage Loan Originator jobs in Waterloo, IA

Come join our team and become a BankIowan! We are currently looking for a Mortgage Loan Originator.

We offer a competitive salary, monthly commissions, charity donation match, volunteering opportunities and many more employee perks!

Position Summary: Responsible for meeting the mortgage lending needs of the communities BankIowa serves. Must possess a thorough knowledge of all pertinent loan products and the processing, underwriting, closing, and shipping procedures of all secondary market funding sources. including Iowa Bankers Mortgage Corporation's (IBMC) processes, as well as BankIowa' s residential loan products.

Primary Accountabilities and Responsibilities:

Accountability 1: 50% Weighting. Actively solicit valid referral sources including, but not limited to, fellow employees, Realtors and real estate firms, investment advisors, accountants, attorneys, and all other centers of influence.

Accountability 2: 20% Weighting. Promptly respond to customer inquiries and mortgage applications. Effectively communicate available loan programs and accurately present loan solutions. Provide all the required disclosures and respond to IBMC's requests for loan information and required documents within the mandated timeframes. Communicate effectively with customers to identify needs and then utilize skills and tools to refer clients to the appropriate BankIowa personnel.

Accountability 3: 20% Weighting. Display diligence in keeping up to date with all loan products offered by the bank and IBMC, pertaining to underwriting guidelines, pricing, registration, and delivery. Exhibit accuracy in loan pricing and have no loans returned for repurchase. Responsible for following the bank and IBMC's policies and procedures for compliance, relative to the functions of the position.

Accountability 4: 10% Weighting. Ongoing monitoring of the loan pipeline to ensure the successful realization of deadlines for loan credit approval, final loan approval and loan closing/shipping to applicable investor, to ensure we meet -purchasing guidelines. Provide all requested information on the pipeline and closed loans in a timely manner to the Department Manager.

Secondary Duties and Responsibilities:

• Behave in a manner that demonstrates and fosters teamwork and a positive work environment, treating all employees with respect while giving full support and encouragement. Maintain good working relationships between all bank departments, bank offices and management in an effort to keep the lines of communication open.
• Employee will be responsible for completing applicable annual compliance trainings as required by compliance laws, regulations, IBMC, and bank policy.
• Comprehend and comply with all pertinent Bank Secrecy Act/OFAC/CIP policies and procedures. Complete annual training required to comply with the SAFE Act including successful initial and ongoing registration in the NMLS Registry.
• Be an active member of the community by attending community events, participating in educating referral partners and borrowers on mortgage products, and project a positive image of BankIowa.

Education, Experience, and Other Requirements:

• Experience in secondary market lending
• Knowledge of FNMA, Freddie Mac and GMNA guidelines
• Knowledge of Federal Regulatory guidelines
• Direct Sales experience

Qualified applicants are considered for employment without regard to age, race, color, religion, sex, national origin, sexual orientation, disability or veteran status.