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- Tasks: Help people secure their dream homes by managing mortgage applications and sales.
- Company: Join a reputable bank focused on community and customer satisfaction.
- Benefits: Enjoy flexible work options, competitive pay, and professional development opportunities.
- Why this job: Make a real impact in people's lives while building valuable relationships and networks.
- Qualifications: High school diploma required; experience in mortgage or credit preferred.
- Other info: Frequent travel within the market area is necessary; valid driver's license required.
The predicted salary is between 28800 - 48000 £ per year.
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Mortgage Loan Officer (MLO) Job Description
Working under the directives and goals set forth by the Regional Mortgage Development Manager, each MLO is responsible for the production of mortgage originations within assigned geography. Assists in ensuring that the Bank complies with local, state, and federal regulations.
- Meets assigned mortgage origination sales quotas.
- Develops, maintains, and leverages referral source networks for mortgage sales, including realtors, builders, financial advisors, CPAs, lawyers, and community leaders.
- Conducts business sales calls, including research, proposal preparation, follow-up, face-to-face meetings, and application processing.
- Ensures timely delivery of pre-qualification, pre-application, and residential mortgage applications.
- Maintains and increases knowledge of products.
- Identifies prospects for cross-sales and refers them to business partners.
- Maintains strong relationships with internal Loan Operations and Retail personnel.
- Attends closings outside of the Bank for purchase mortgages and other types as needed.
General Responsibilities
- Interacts harmoniously and effectively with others, focusing on achieving bank goals through teamwork.
- Adheres to punctuality and attendance standards as per the Employee Handbook.
- Performs additional duties as requested.
Knowledge, Skills, and Experience Requirements
- High school diploma or equivalent required; college, business, or banking training is helpful.
- Minimum of three years of mortgage or credit-related experience required.
- Excellent customer service skills required.
- Demonstrated proficiency with personal computers.
- Ability to handle complex problems.
- Strong oral and written communication skills required.
Physical Demands and Conditions
- Frequent travel within the designated market area using own vehicle.
- Valid driver’s license required.
- General office environment.
- Moderate lifting up to 35 lbs., along with reaching, walking, sitting, and standing.
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Mortgage Loan Officer employer: Bangor Savings Bank
Contact Detail:
Bangor Savings Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mortgage Loan Officer
✨Tip Number 1
Network actively within the mortgage industry. Attend local real estate events, join professional groups, and connect with realtors, builders, and financial advisors. Building these relationships can lead to valuable referrals and insights into job openings.
✨Tip Number 2
Stay updated on the latest mortgage products and regulations. This knowledge will not only help you in interviews but also demonstrate your commitment to the role. Consider subscribing to industry newsletters or joining relevant online forums.
✨Tip Number 3
Prepare for face-to-face meetings by practising your pitch. Be ready to discuss how you can meet sales quotas and contribute to the team’s goals. Role-playing with a friend can help you refine your approach and boost your confidence.
✨Tip Number 4
Research the company culture at StudySmarter. Understanding our values and mission can help you tailor your conversations during interviews, showing that you’re not just a fit for the role, but also for our team.
We think you need these skills to ace Mortgage Loan Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Mortgage Loan Officer. Familiarise yourself with the key tasks such as mortgage origination, compliance with regulations, and maintaining referral networks.
Tailor Your CV: Highlight your relevant experience in mortgage or credit-related roles. Emphasise your customer service skills and any specific achievements that demonstrate your ability to meet sales quotas and develop referral networks.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the banking industry. Mention your understanding of the local market and how your skills align with the company's goals and values.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in this role.
How to prepare for a job interview at Bangor Savings Bank
✨Know Your Mortgage Products
Make sure you have a solid understanding of the various mortgage products available. Be prepared to discuss how these products can meet different customer needs, as this will demonstrate your expertise and ability to assist clients effectively.
✨Build Rapport with Interviewers
Establishing a connection with your interviewers is crucial. Use their names during the conversation, maintain eye contact, and show genuine interest in their questions. This will help create a positive atmosphere and make you more memorable.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that assess your problem-solving skills and customer service abilities. Think of examples from your past experience where you successfully handled complex situations or provided exceptional service.
✨Highlight Your Networking Skills
Since the role involves developing referral networks, be ready to discuss your networking strategies. Share specific examples of how you've built relationships with realtors, financial advisors, or other professionals in the past to drive mortgage sales.
