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Mortgage Loan Officer (Marketplace Home Mortgage)
Ref No.: 16-08528
Location: Brookfield, Wisconsin
About Marketplace Home Mortgage: Marketplace is a leading national independent correspondent lender headquartered in Edina, MN with over 200 employees company-wide, licensed in 7 states and growing nationally. Founded by Keith White in 1995, Marketplace is now celebrating its second decade as one of Minnesota's most respected independent financial institutions. As a full-service lender, Marketplace has access to a wide range of loan products and consistently finds competitive rates and programs to fit the unique needs of our clients. With our in-house operations, Marketplace is able to provide quick decisions on loan information that clients need throughout the lending process, leading to smooth and faster closings. We pride ourselves in building lifelong associations with our clients – and will help finance more than just their first home. We'll continually manage our clients' financing needs to secure their long term success.
JOB SUMMARY:
The Position of Loan Officer is responsible for soliciting, negotiating, originating and coordinating the closing of residential mortgage loans in compliance with the company's lending policies and procedures; and promotes business for the company by maintaining good customer relations and referring customers to appropriate staff for new services.
The position of Senior Loan Officer is responsible for assisting in attaining established company goals through active participation in sales management and officer call programs, and provides leadership, training and support to less experienced loan officers and other staff members.
ESSENTIAL FUNCTIONS:
  • Develops and maintains successful relationships with business referral sources, existing and prospective.
  • Prospects new mortgage lending opportunities.
  • Meets with customers as necessary during various stages of the loan process.
  • Utilizes training materials, reference tools and other resources to provide accurate and up-to-date loan program/policy information to both external customers and internal business partners.
  • Provides complete loan applications
  • Ensures exceptional customer experience by overseeing loan process from origination to close and providing on-going
  • Communication to customers and business partners.
  • Achieves production goals as established with management.
  • Oversees and ensures successful completion of all assigned mortgage loan officer training activities.*
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ADDITIONAL RESPONSIBILITIES:
  • Responsible for marketing; use of company provided options and personal options all to be reviewed prior to use for compliance and copies retained.
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations*
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JOB QUALIFICATIONS:
  • Familiar with and able to follow all polices, rules and regulations of the industry, including but not limited to, CFPB, Client, Freddie Mac, VA, FHA, other federal, local and state agencies, investor guidelines, and Marketplace Home Mortgage, LLC policies and procedures.
  • Audit and financial skills, confidentiality, ability to analyzing information, decision making skills, quality focused
  • Solid time management skills and the ability to organize prioritize and perform multiple tasks simultaneously.
  • Enthusiasm for assignments and the ability to meet established timelines.
  • Personal computer and word processor skills.
  • Professional and effective interpersonal skills, customer service, thoroughness, tact, above average communication skills, ability to work effectively with both employees and managers.
Education/Experience Requirements
  • Loan Originator License for NMLS and state must be completed and maintained.
  • High School Diploma or equivalent
  • Desirable to have a minimum of 1 year residential mortgage lending experience with a focus on generating self-sourced business.
  • Any equivalent combination of acceptable training and experience.
DISCLAIMER The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to this job. The requirements and the physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Marketplace Home Mortgage is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.
Job Type: Full-time
Required education:
  • High school or equivalent
Required experience:
  • Residential Lending: 1 year
Required license or certification:
  • NMLS
ControlID: 14.234.89 SHR