Senior Loan Officer

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Job description

What We Do:

Change Home Mortgage is a national mortgage banking company certified by the U.S. Department of the Treasury as a Community Development Financial Institution (CDFI). Our mission is to bank the unbanked, fairly and responsibly.

At Change Home Mortgage we offer traditional and non-traditional loans as diverse as the borrowers we serve.

JOB SUMMARY:

The Loan Officer is responsible for soliciting, analyzing, negotiating and verifying mortgage loan applications for the purchase or refinance of residential real estate. Spends more than 50% of the work time away from place of business soliciting new loans.

DUTIES/RESPONSIBILITIES:

• Consistently spends more than 50% of work time away from place of business (including home office) in solicitation of new business.
• Meets with and interviews potential and current clients to understand their lending needs including first-time mortgages and refinance of existing loans.
• Demonstrates knowledge and communicates effectively regarding mortgage options.
• Explains the differences between and approval requirements of various types of mortgages; prepares and presents a lending package based on client specifications.
• Assists clients with completion of mortgage applications, inspecting completed documents for accuracy and thoroughness.
• Reviews loan applications, gathers credit histories and reports, and completes initial assessment of applicants' capacity to repay and default risk.
• Maintains knowledge of trends and developments in the local real estate market; current and predicted lending rates; and changes in rules, regulations, and best practices of various mortgages.
• Develops and maintains contacts with customers, local realtors, developers, and builders to promote and encourage the use of bank services for residential mortgages.
• Ensures all originations processes are in accordance with CHM policies, procedures and state and federal regulatory laws.
• Maintain and protect all confidential and personal private information gathered in course of performing job duties.
• Performs other duties as assigned.

Qualifications

REQUIRED SKILLS/ABILITIES:

• Thorough understanding of Federal Housing Authority (FHA), Veterans Affairs (VA), Federal National Mortgage (Fannie Mae), Federal Housing Mortgage Corporation (Freddie Mac) and other types of conventional and non-conventional loans.
• Demonstrates knowledge of, adherence to and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti- Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and all other state and federal regulatory laws.
• Excellent interpersonal and customer service skills.
• Excellent organizational skills and attention to detail.
• Intermediate math skills to effectively comprehend and explain financial calculations and pricing
• Ability to work with limited supervision
• Proficient with Microsoft Office Suite or related software.
• Ability to travel outside of the office over 50% of the time.

EDUCATION AND EXPERIENCE:

• Bachelor's Degree preferred.
• One to three years of prior experience in lending or related field preferred.
• Must have NMLS License and applicable state licensing or ability to obtain licensing within 90 days.
• Must maintain all required licenses and required CE for states in which they lend

PHYSICAL REQUIREMENTS:

• Must be able to travel outside of the office more than 50% of the work time