The Community Lending Officer will establish and maintain relationships with community-based organizations, realtors, and governmental agencies to ensure full compliance with the Community Reinvestment Act and sell and originate residential mortgage loans to a predetermined sales goal. The candidate will identify and meet with prospects, explain various mortgage products available, determine best alternatives together with prospects and finalize sales.
Requirements
- Assist in the coordination of WTB's community outreach activities and community development service events.
- Serve as a member of civic, professional, and community development organizations that contribute to WTB's CRA objectives.
- Communicate ways by which management and staff can address fair lending responsibilities for WTB's lending practices and standards.
- Assist lenders in identifying and originating loans that meet the criteria of CRA in WTB's CRA assessment areas.
- Establishes and develops relationships with an extensive network of real estate agents so that potential mortgage customers within CRA assessed areas will be referred to WTB.
- Turns in a completed loan application within 48 hours of receipt.
- Pre-qualifies self-employed borrowers to include preparation of cash flow work sheets and requesting and analyzing financial records and tax returns.
- Maintains responsibility for the loan file from application through closing.
- Foster a culture where all WTB Team Members have a good understanding of both CRA and fair lending laws applicable to their position.
- Actively participate in festivals, fairs, and trade shows to promote new business for the Bank.
- Stays abreast of individual community trends and economic development changes. Tracks and measures event participation results. Makes recommendations to maximize return on future investments of events, sponsorships, philanthropic initiatives, and donations.
- Liaise with local governments and community development organizations ensuring the bank's presence is known and respected in the community. Build and manage a network of contacts within state and local government and community organizations.
- Collection of applicable fees from borrowers.
- Prepares periodic productivity reports as required.
- Required to attend department meetings.
- Performs property inspections as required.
- Attends scheduled training sessions.
- Frequent contact with real estate companies and agents to establish referral relationships.
- Frequent contact with department employees to assist in processing and closing requirements.
Benefits
- Health, Financial, Retirement and Work/Life Benefits
