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Jr. Loan Officer-Montgomeryville (Waterstone Mortgage)
Ref No.: 16-07769
Location: Montgomeryville, Pennsylvania
The Jr. Loan Originator assists the Underwriters with review of files to ensure completeness and clearing of conditions. Individual is responsible for communicating with referral partners and listing and selling agents to solidify relationships and garner future business.

ESSENTIAL DUTIES AND RESPONSIBILITIES: (this is taken from a retired Description; may need revision) *
  • Interviews applicants and requests specific information for loan application. Completes applications in a timely manner and inputs applicant's data into Encompass. *
  • Orders credit reports and AUS findings on secondary market loans through the loan origination system (automated underwriting systems). *
  • Analyzes applicant's financial status; including, but not limited to, personal financial statements, tax returns, credit, and property evaluations (P+L Statements) to determine feasibility of granting credit. *
  • Corresponds with or interviews applicants or creditors to resolve questions regarding application information. *
  • Compiles loan packages and facilitates negotiations with applicants to establishment standards on items such as fees, loan repayment options and other credit terms. *
  • Maintains minimum production requirements in accordance with Branch/Corporate policy. *
  • Identifies and analyzes potential loan markets to develop prospects for mortgage loans. *
  • Provides loan data to support marketing and sales promotion programs. *
  • Represents Waterstone Mortgage Corporation at related functions. *
  • Assists customers with inquiries and information requests, and resolves complaints relating to loan products and services offered. *
  • Obtains, verifies and completes required information and documentation necessary for compliance and processing of loan applications. *
  • Assist Loan Originators in creating a marketing/sales plan to meet/exceed production standards *
  • Represent WMC at mortgage related functions *
  • Partner with Branch Manager in the recruitment of Loan Originators *
  • Maintain a focus on enhancing customer service skills and knowledge

  • Complete any additional duties assigned by management *
  • Complete regulatory and compliance training, as required *
  • Assist WMC employees and departments as needed.

SUPERVISORY RESPONSIBILITIES: This position does not require supervisory responsibility.

Requirements: QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE: A high school diploma or general education degree (GED) is required. Previous experience in a financial institution or mortgage industry is preferred.

COMPUTER SKILLS: Intermediate knowledge of related computer applications such as Microsoft Office is required. Prior experience with Encompass or other closing software programs is preferred.

LANGUAGE SKILLS: Good grammar and diction are required. Ability to read and comprehend instructions, write correspondence and write memorandums is required. Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization is required.

MATHEMATICAL SKILLS: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals is required. Ability to compute rate, ratio, and percent in practical situations is required.

CUSTOMER SERVICE SKILLS: Using excellent customer service skills which includes maintaining a good attitude, taking ownership of meeting customer needs, going above and beyond for customers, demonstrating a commitment to sharpening skills through education and training, using positive communication, and looking for opportunities to respect customers' time and schedules is required.

ControlID: 14.234.89 SHR