At a Glance
- Tasks: Join us as a Loan Officer, helping clients navigate their mortgage journey.
- Company: BayCoast Mortgage is a dynamic, fast-growing lender with a rich history since 1851.
- Benefits: Enjoy flexible work options, competitive pay, and generous benefits like tuition reimbursement and paid time off.
- Why this job: Be part of a supportive culture focused on professional growth and community impact.
- Qualifications: High school diploma or degree with mortgage experience; strong communication and customer service skills required.
- Other info: Commission-based roles with opportunities for bonuses and career advancement.
The predicted salary is between 28800 - 48000 £ per year.
BayCoast Mortgage is a fast growing Massachusetts company owned by BayCoast Bank, est. 1851. As a wholly owned subsidiary of a bank we have portfolio lending flexibility in addition to being a full-service lender serving the majority of the East Coast. We are committed to being one of the best workplaces in the industry. BayCoast offers a dynamic work environment and excellent opportunities for internal and professional development. We currently have a variety of rewarding career opportunities available in our Mortgage Department in Swansea, MA. Available Positions: Mortgage Loan Originator (inside/outside sales) Essential Mortgage Loan Originator Functions: Maintain and originate through branch and subsidiary provided leads (25+ physical locations). Utilize cutting edge technology to originate digital provided leads. Utilize Salesforce to maintain customer and COI relationships. Source and originate mortgage loans and manage the client experience from origination to closing. Establish a strong presence including developing relationships with Realtors and Community Groups; some inbound and outbound sales calling and field visits may be necessary. Participate in all steps related to the origination of a mortgage loan including meeting with prospects, counseling borrowers, taking mortgage applications electronically and face-to-face as well as by mail and phone. Attend seminars, shows, community outreach events and other events to raise consumer awareness of our products and services. Stay current with changes and new products and learn various borrowing programs and processes. Learn and utilize LOS (MortgageBot), as well as various third party provider applications. Adhere to all federal and state compliance guidelines relative to the position. Minimum Qualifications: High school diploma with 3-5 years mortgage experience or a bachelor\’s degree. 12-24 months of experience as a Loan Officer, Loan Officer Assistant or Loan Processor. Mortgage Loan Service Registry (NMLS). Working knowledge of all state and federal mortgage regulations. Strong written and oral communication skills. Working knowledge of windows-based applications, including Microsoft Excel and web based applications, including LeadMailbox. Must possess superior customer service skills. Excellent customer service and listening skills. Public speaking skills. Desired Skills & Experience Solid math skills. Genuine interest in local, regional and national real estate markets Ability to multi-task in a fast paced environment. Good organizational and analytical skills. Strong written and oral communication skills. Competitive benefits, including: Customized commission structure Signing bonus Access to Loan Officer Assistant, Processor and Team Leader Medical and Dental Insurance 401(k) Plan Pension Plan Subsidized Short/Long Term Disability, Life and AD&D Insurance Voluntary Benefits including Life, Accident, and Cancer Insurance Flexible Spending Accounts Health Savings Accounts Tuition Reimbursement Student Loan Pay Down Benefit Generous Paid Time Off Employee Assistance Program (EAP) Volunteer Time MLO positions are commission based. BayCoast Mortgage is an Equal Opportunity Employer. BayCoast Mortgage is a wholly owned subsidiary of BayCoast #J-18808-Ljbffr
LOAN OFFICER employer: BayCoast Bank
Contact Detail:
BayCoast Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land LOAN OFFICER
✨Tip Number 1
Network with local real estate agents and community groups to establish connections. Building relationships in your area can lead to valuable referrals and insights into the market, which is crucial for a Loan Officer.
✨Tip Number 2
Familiarise yourself with the latest mortgage products and regulations. Staying updated will not only enhance your knowledge but also demonstrate your commitment to potential employers during interviews.
✨Tip Number 3
Attend industry seminars and community outreach events. These gatherings are great opportunities to meet potential clients and employers while showcasing your expertise and enthusiasm for the mortgage industry.
✨Tip Number 4
Utilise social media platforms to showcase your knowledge and engage with the community. Sharing insights about mortgage trends or tips can position you as a knowledgeable professional in the field, making you more attractive to employers like us.
We think you need these skills to ace LOAN OFFICER
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Loan Officer at BayCoast Mortgage. Familiarise yourself with their services and the skills required, such as customer service and knowledge of mortgage regulations.
Tailor Your CV: Customise your CV to highlight relevant experience in mortgage lending, sales, and customer service. Emphasise any specific achievements or metrics that demonstrate your success in previous roles.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the mortgage industry and your understanding of BayCoast Mortgage's values. Mention how your skills align with the job requirements and express your enthusiasm for contributing to their team.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the role of a Loan Officer.
How to prepare for a job interview at BayCoast Bank
✨Know Your Mortgage Basics
Make sure you brush up on your mortgage knowledge before the interview. Understand the different types of loans, current market trends, and the specific products offered by BayCoast Mortgage. This will show your genuine interest and preparedness.
✨Demonstrate Your Customer Service Skills
Since this role requires excellent customer service, be ready to share examples from your past experiences where you successfully managed client relationships or resolved issues. Highlight your listening skills and ability to empathise with clients.
✨Familiarise Yourself with Technology
BayCoast uses cutting-edge technology and Salesforce for managing leads and customer relationships. Familiarise yourself with these tools and be prepared to discuss how you have used similar technologies in your previous roles.
✨Prepare Questions About the Company
Show your enthusiasm for the role by preparing thoughtful questions about BayCoast Mortgage's culture, growth opportunities, and community involvement. This demonstrates your interest in being part of their team and understanding their values.