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- Tasks: Help people secure their dream homes by originating real estate mortgages and building client relationships.
- Company: Join BayCoast Bank, a community-focused bank dedicated to providing exceptional financial services.
- Benefits: Enjoy a full-time role with competitive pay and opportunities for professional growth.
- Why this job: Make a real impact in people's lives while developing valuable skills in finance and sales.
- Qualifications: NMLS license required; 2+ years in mortgage origination or sales preferred; college degree is a plus.
- Other info: Engage in networking events and maintain a pipeline of high-quality loans for maximum customer satisfaction.
The predicted salary is between 36000 - 60000 £ per year.
Originates real estate mortgages by sourcing prospective customers and proactively solicits new residential mortgage business. Continually identifies, develops and maintains a quality network of referral sources to generate mortgage sales to meet quarterly loan quality and production goals. Visits local Realtors, builders, accountants and utilises available lead referral sources to identify prospects to obtain their individual sales results.
Responsibilities
- Conducts sales efforts to self-generate residential real estate mortgage activity.
- Identifies prospects and originates real estate mortgage loans via the internet, phone or mail or in person at the customer's convenience.
- Visits local Realtors, attorneys, accountants and other centres of influence in addition to using lead referral sources to facilitate the MLO's mortgage sales efforts.
- Originates mortgage applications in adherence to company and investor program and pricing guidelines.
- Prepares and distributes required documents to borrowers at time of application in compliance with applicable lending regulations.
- Maintains a thorough working knowledge of applicable laws and guidelines as they relate to mortgage lending and adheres to all compliance requirements.
- Collects all required documentation from prospective borrowers at time of application and maintains prompt follow-up with customers for additional required documentation to effectively complete the sales cycle, ensuring maximum customer satisfaction throughout the process.
- Maintains a pipeline of high-quality loans and manages customer experience and expectations throughout the process.
- Communicates effectively with the applicants and all other parties to the transaction to maximise customer service.
- Embraces the Bank's commitment to Solutions by seeking and recognising opportunities to refer new business to additional divisions of the Bank.
- Attends Open Houses, Realtors meetings, Homebuyer seminars and business networking events and all other business development opportunities at the mortgage originator's discretion and as they deem necessary to effectively promote their sales efforts.
- Maintains a current registration with the Nationwide Multistate Licensing System (NMLS).
Knowledge/Skills/Experience Requirements
- Employee must have an NMLS license or obtain and maintain a license as a condition of employment.
- 2+ years of recent mortgage loan origination or similar sales background.
- College degree preferred.
- Excellent business acquisition and customer service skills and the ability to develop and maintain quality client relationships.
- Knowledge of conventional and government lending requirements.
- Knowledge of mortgage processing/underwriting/closing requirements.
- Knowledge of federal and state regulations concerning real estate lending.
- Solid time management skills including the ability to prioritise workload.
- Knowledge of Microsoft Office Products.
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 actively with local realtors, builders, and accountants. Building relationships with these professionals can lead to valuable referrals and help you establish a strong presence in the community.
✨Tip Number 2
Attend open houses and homebuyer seminars to meet potential clients face-to-face. This not only showcases your commitment but also allows you to demonstrate your expertise in mortgage lending.
✨Tip Number 3
Stay updated on the latest mortgage regulations and market trends. Being knowledgeable will boost your confidence and credibility when speaking with clients and referral sources.
✨Tip Number 4
Utilise social media platforms to promote your services and connect with potential clients. Share informative content about mortgage processes and tips to engage your audience and attract leads.
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 Bank. Familiarise yourself with mortgage origination processes and customer service expectations.
Tailor Your CV: Highlight relevant experience in mortgage loan origination or sales in your CV. Emphasise your customer service skills and any knowledge of lending regulations to align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and your understanding of the mortgage industry. Mention specific experiences that demonstrate your ability to generate leads and maintain client relationships.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial in the finance sector.
How to prepare for a job interview at BayCoast Bank
✨Know Your Mortgage Basics
Make sure you have a solid understanding of mortgage products, including conventional and government lending requirements. This knowledge will help you answer questions confidently and demonstrate your expertise.
✨Showcase Your Networking Skills
Be prepared to discuss how you've built and maintained relationships with referral sources like Realtors and accountants. Share specific examples of how these connections have helped you generate leads in the past.
✨Demonstrate Customer Service Excellence
Highlight your customer service skills by providing examples of how you've ensured client satisfaction throughout the loan process. Discuss your follow-up strategies and how you manage customer expectations.
✨Familiarise Yourself with Compliance
Understand the compliance requirements related to mortgage lending. Be ready to discuss how you ensure adherence to regulations and maintain a thorough working knowledge of applicable laws.
