Mortgage Loan Originator

Location: Augusta
Posted on: November 16, 2023

Job Description:

GENERAL FUNCTION: Performs a wide range of duties relating to the origination of residential 1st mortgage loans for outside referrals. Meets standards and objectives defined by management for mortgage loan sales and cross-selling objectives. Assumesoverall responsibility for the residential mortgage loan from application to closing.

ESSENTIAL DUTIES & RESPONSIBILITIES:

* Develop referral contacts (realtors, builders, professional and personal contacts).

* Maintain knowledge of Fifth Third Mortgage Company''s policies and procedures.

* Maintain knowledge of available loan products, processing procedures, and underwriting and general departmental guidelines.

* Follow defined protocol for escalation exceptions.

* Take applicant applications by completing Fannie Mae form 1003 on the laptop.

* Utilize the laptop for communication and access of daily rates, applicant credit reports, Loan Prospector responses and transmitting the loan to LOMAS.

* Collect appropriate documentation from each applicant and deliver loan package in the time frames set by management.

* Manage pipeline for all originated loans through closing and complete required management reports.

* Communicate with branches and/or applicants of providing timely updates and progress reports.

* Maintain high levels of customer service while managing each applicant''s and support staff#s expectations.

* Attend and participate in all Consumer Lending meetings as required by management.

SUPERVISORY RESPONSIBILITIES: None.

Mortgage Loan Officer must meet the following criteria:

Three years of mortgage lending experience.

Established book of business (local centers of influence willing to refer mortgage loans to you).

Existing mortgage sales of $1million per month, and 4 purchase units closed per month

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