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At bank, we march to a different beat! While we may be a top -10 bank by deposits, we operate and innovate with the vigor of a start-up. With thousands of employees, we never lose anyone in the shuffle, but we celebrate individuals with respect and exceptional benefits. And we don't just fill positions—we recruit the best and the brightest people that know how to set industry trends and wow consumers.
bank has celebrated milestones, including:
Top 10 bank by deposits
124 on the Fortune 500
Approximately 900 bank branches
More than 43,000 associates globally
More than 65 million customer accounts
We're excited to be growing and hiring across the country to build the next generation on sound practices and values so that our philosophy can transcend into our products and services. We hope you join our tremendous team that has helped changed our industry for the better.
The Role :
We are seeking a CRA Mortgage Loan Officer. The individual will originate quality first lien mortgage loans on 1-4 family properties for low to moderate income (LMI) borrowers in partnership with supported external non-profit organizations. He or she will also ensure that all housing non-profit partners in a given geographic market are aware of all mortgage loan products and services offered by bank.
This role requires a deep knowledge of the Community Reinvestment Act as it relates to lending, and knowledge of various grants and subsidy programs to fill affordable housing mortgage gap. The individual in this role must also have a comprehensive understanding of the following regulatory requirements:
Home Loan Disclosure Act
Real Estate Settlement Procedures
Reg. Z- Federal Truth in Lending
Financial Institution Reform Act of 1989
Equal Credit Opportunity Act
Originate high quality first mortgage loans which are typical in low-to-moderate income borrowers in order to help the bank serve the housing credit needs of the low-to-moderate income communities it serves
Act as a representative of the bank in the community by attending community meetings/events and providing training seminars to residents regarding loan application procedures and mortgage loan products and services
Work with non-profit partners to provide home buyer education and technical assistance
Identify appropriate community groups throughout the community and establish a plan for making contact and establishing relationships in partnership with the local business development officer
Provide input for the design of programs, participate in credit related training for consumers to enhance knowledge within the community to maximize the benefits of mortgage loans and services
Identify potential loan applicants through referrals and make sales calls as appropriate in order to provide prospects with information on loan products and to solicit business as appropriate
Assist borrowers with the application process by providing direction in filling out forms and keeping the applicant informed of necessary documentation
Understand and remain educated on grant/subsidy programs available within market to ensure borrower receives maximum funding
Enter all new loan applications on the computer system. Follows the Community Mortgage Acquisition Procedure and understands and complies with all regulatory and compliance objectives
Prepare loan status of each loan in individual pipeline to be given to non-profit housing partners if applicable
Track production and ensure all incentive pay-outs are correct in COINS
Interview and counsel loan applicants on the various mortgage loan programs offered by bank
Analyze financial status and credit on each potential borrower, and fully understand the contract of sale to ensure proper submission of application
Make sales calls to all housing nonprofits to maintain relationship and ensure for the steady flow of referrals
Report weekly on loan volumes to management, and produce all other applicable reports necessary to provide management with the success of the originating efforts as requested by management
Understand the complexity of the partnerships with non-profit organizations in an effort to mitigate potential reputational risk from occurring
Work on special projects as assigned by manager
Basic Qualifications :
Bachelors degree or military experience
At least 3 years of experience in mortgage loan origination for low to moderate income borrowers
At least 3 years of experience with the Community Reinvestment Act
Preferred Qualifications :
7 years of experience in mortgage loan origination for low to moderate income borrowers
7 years of experience with the Community Reinvestment Act
Requires successful registration with, and issuance of a unique identification number from, the Nationwide Mortgage Licensing System (NMLS) in compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act).
At this time, bank will not sponsor a new applicant for employment authorization for this position.
ControlID: 14.234.89 SHR
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