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Mortgage Loan Officer - Bilingual Preferred
Job Posted
12/19/2024
Sauk Valley Bank
Harvard, IL 60033
United States
Category
Banking
Apply for Job
Full-Time
Job Description
POSITION DESCRIPTION
Title: Mortgage Loan Officer
Salary Range: Based on Experience
FLSA: Non-Exempt
Hours: Monday - Friday 8:00 - 5:00
Category: Full Time
Reports To: VP Mortgage Area Manager
SUMMARY
The Mortgage Loan Officer (LO) is responsible for generating leads through relationship sales of mortgage products within a sales market area. Additionally, he/she is responsible for managing the leads through application, qualification, and the collection of supporting documentation. The LO serves as the primary contact with the borrower(s), Realtor(s), Attorney(s), and others throughout the transaction.
The LO assures compliance with all SVB policies and procedures, as well as all applicable state and federal banking regulations.
ESSENTIAL DUTIES
Provides sales support and strong communication to customers, processors and management from loan pre-qualification to loan closing
Complete mortgage applications using Sauk Valley Bank's loan origination system (LOS), including initial and subsequent required documentation, disclosures and stipulations. Must ensure compliance with all lending policies and government regulations
Ensures loans are processed, closed and funded within Sauk Valley Bank's policies and procedures
Maintain production reports for customer leads and sales contact, loan pipeline and other pertinent sales activity reports
Responsible for self-generated leads through builders, real estate professionals, and other business referrals sources
Maintain production standards per minimum acceptable levels as set by management
Monitor all applications and supporting documentation to avoid and detect consumer fraud
SUPERVISORY RESPONSIBILITY
The position of the Mortgage Loan Officer is not responsible for the supervision of any employee(s).
ENVIRONMENT AND PHYSICAL ACTIVITY
The environment for this position is an open office that is mostly clean and comfortable. It may include some minor annoyances such as noise, odors, drafts, etc. The incumbent is in a non-confined office-type setting in which he or she is free to move about at will. This position may require long periods of sitting in one place and the ability to lift up to 30 pounds.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
MENTAL DEMANDS
The incumbent in this position must be able to accommodate to reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks and constant interruptions.
Requirements
MINIMUM REQUIREMENTS
These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
Bachelor's degree is preferred or equivalent job experience and education. Two years prior experience originating Conventional and Government loan products in a Secondary Market Environment
Proficient math skills; calculate interest and balance accounts; adds, subtract, multiply and divide in all units of measure, using whole numbers common fractions and decimals; locate routine mathematical errors.
Effective oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures and write reports and correspondence.
Proficient computer skills including Microsoft Office Suite, and other mortgage and banking software
Ability to deal with routine problems involving multiple facets and variables in non-standardized situations
Effective organizational and time management skills
Proficient knowledge of related state and federal banking compliance regulations, and other SVB lending policies
Current Illinois driver's license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.
The incumbent must be able to perform this position safely, without endangering the health or safety to him/herself or others.
Sauk Valley Bank is an Equal Opportunity Employer. SVB is committed to the provision of equal opportunity employment for all qualified persons in all job classifications in recruitment, selection and promotion without regard to race, color, religion, gender, gender identity, sexual orientation, parental status, national origin, age, disability, military status, veteran status or any other protected status. Submission of this information is voluntary and is not considered in employment decisions. This information will be kept separate from the employment files and is considered confidential.
Management reserves the right to change this position description at any time according to business needs.
February 18, 2022
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