Arundel Federal Savings Bank seeks a Residential Loan Originator to market and procure residential mortgage loans using sound banking practices. Performs duties including interviewing and counseling customers, origination of applications, pre-qualifications, file maintenance and record keeping. Commission can be earned in addition to hourly pay.
Requirements
- Develops new business by contacting and developing relationships with residential home builders, Realtors, attorneys, CPA’s, and financial advisors.
- Originates conforming/non-conforming residential mortgage applications by phone fax, email, online channels and in person.
- Ensures that all applications are complete, including preparation and issuance of required disclosures, etc.
- Prepares initial mortgage applications for submission to set up processing, including but not limited to: income analysis, initial calculations of debt and LTV ratios, reviewing mortgage credit report and overall preparation of file to be advanced to loan setup.
- Maintains loan documentation in customers file, ensuring all policies and procedures of the Bank are followed.
- Prepares pre-qualification letters to assist customers in purchasing and financing their new homes.
- Performs other mortgage origination, sales, and administrative related duties as assigned by the VP of Residential Lending and/or the Asst VP of Residential Lending.
- Utilizes tact and experience-based knowledge to resolve customer (internal and external) problems by explaining specific policies and products while representing the Bank in a professional manner and maintaining positive customer relations.
- Responsible for applying requirements relating to Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), and Customer Identification Program (CIP) including Beneficial Ownership (BO).
- Responsible for applying all the regulatory requirements during the performance of the job duties as assigned.
- Complete all annual required BSA and other bank compliance training as assigned in a timely manner.
Benefits
- Free Long-Term Disability
- Short-term Disability
- Free AD&D and Life Insurance
- 401(k)
- Bonus based on performance
- Dental insurance
- Health insurance
- Paid time off
- Profit sharing
- Training & development
- Tuition assistance
- Vision insurance
- Wellness resources
