Mortgage Loan Officer - Washington, DC
Company Name:
Bank of America Corp.
Title: Mortgage Loan Officer - Washington, DC Location: DC-Washington Other Locations:
_
Job Description:_
The Mortgage Loan Officer (MLO) proactively solicits new residential mortgage business and sells Bank of America mortgage products to meet established loan quality and production goals. Responsible for originating retail mortgage loans. Contact may be either telephonic or in-person. Can sell direct to customers or solicit customers indirectly through third parties such as builders/developers or realtors.
In this ongoing sales role, the Mortgage Loan Officer continually identifies, develops and maintains a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities. A Mortgage Loan Officer's network may consist of real estate professionals, builders, professional and personal contacts, as well as other valuable referral sources, and is enhanced by the Mortgage Loan Officer's regular participation in business related development opportunities, community efforts to promote homeownership and professional organizations. May be partnered with a Mortgage Loan Associates (MLA) to provide guidance around all aspects of the sales process.
The MLO responds to customer inquiries and referrals that are generated from both their own contacts and from other Bank of America business channels. The MLO conducts interviews with prospective borrowers in order to analyze financial and credit data, determine customer financing objectives, advice customers of product/pricing policies and guidelines, and gather any additional required information. The MLO ensures exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements, demonstrating a commitment to professional ethics, complying with all Federal and State compliance policies and adhering to HMDA requirements.
This position may be subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. If your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in your immediate termination.
_Required Skills:_
Two to three years of experience in a loan origination experience (Candidate must possess a minimum of two years mortgage sales experience with a proven successful track record of loan origination in the retail market).
Knowledge of conventional and/or government guidelines.
Knowledge of processing underwriting and/or closing procedures/federal lending regulations governing real estate lending.
Ability to manage a heavy pipeline of 50 plus loans.
Should have excellent communication skills; both oral and written, and be self-motivated with ability to work independently.
Teamwork and customer service skills a must, and must possess the ability to relate at all levels.
Must have an overall understanding of the additional bank products to enhance cross selling ability, and must possess basic computer skills with knowledge of word, excel, and outlook.
Self-motivated and highly organized and have excellent time management and follow-up skills.
Ability to prioritize multiple competing task.
_ Desired Skills: _
Familiar with FHA and HUD guidelines.
Strong computer skills including MS applications and previous experience utilizing laptop technology for communication purposes including accessing rate, credit and loan status information.
Solid time management skills and the ability to organize, prioritize and perform multiple tasks simultaneously.
Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences.
Ability to analyze and comprehend complex financial data and provide financial alternatives.
Professional and effective interpersonal skills
THIS POSITION IS 100% COMMISSION with a recoverable draw.
SM-Sales and Service Execution Organization: 1784058-PREFERRED AND SMALL BUSINESS BANKING Mortgage Loan Officer - Washington, DC DC-Washington 1400056722 Estimated Salary: $20 to $28 per hour based on qualifications.
Bank of America Corp.
Title: Mortgage Loan Officer - Washington, DC Location: DC-Washington Other Locations:
_
Job Description:_
The Mortgage Loan Officer (MLO) proactively solicits new residential mortgage business and sells Bank of America mortgage products to meet established loan quality and production goals. Responsible for originating retail mortgage loans. Contact may be either telephonic or in-person. Can sell direct to customers or solicit customers indirectly through third parties such as builders/developers or realtors.
In this ongoing sales role, the Mortgage Loan Officer continually identifies, develops and maintains a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities. A Mortgage Loan Officer's network may consist of real estate professionals, builders, professional and personal contacts, as well as other valuable referral sources, and is enhanced by the Mortgage Loan Officer's regular participation in business related development opportunities, community efforts to promote homeownership and professional organizations. May be partnered with a Mortgage Loan Associates (MLA) to provide guidance around all aspects of the sales process.
The MLO responds to customer inquiries and referrals that are generated from both their own contacts and from other Bank of America business channels. The MLO conducts interviews with prospective borrowers in order to analyze financial and credit data, determine customer financing objectives, advice customers of product/pricing policies and guidelines, and gather any additional required information. The MLO ensures exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements, demonstrating a commitment to professional ethics, complying with all Federal and State compliance policies and adhering to HMDA requirements.
This position may be subject to SAFE Act registration requirements. Pursuant to the SAFE Act requirements, all employees engaged in residential loan mortgage originations must register with the federal registry system and remain in good standing. If your position requires SAFE Act registration, you will be required to register and to submit to the required SAFE Act background check and registration process. Failure to obtain and/or maintain SAFE Act registration may result in your immediate termination.
_Required Skills:_
Two to three years of experience in a loan origination experience (Candidate must possess a minimum of two years mortgage sales experience with a proven successful track record of loan origination in the retail market).
Knowledge of conventional and/or government guidelines.
Knowledge of processing underwriting and/or closing procedures/federal lending regulations governing real estate lending.
Ability to manage a heavy pipeline of 50 plus loans.
Should have excellent communication skills; both oral and written, and be self-motivated with ability to work independently.
Teamwork and customer service skills a must, and must possess the ability to relate at all levels.
Must have an overall understanding of the additional bank products to enhance cross selling ability, and must possess basic computer skills with knowledge of word, excel, and outlook.
Self-motivated and highly organized and have excellent time management and follow-up skills.
Ability to prioritize multiple competing task.
_ Desired Skills: _
Familiar with FHA and HUD guidelines.
Strong computer skills including MS applications and previous experience utilizing laptop technology for communication purposes including accessing rate, credit and loan status information.
Solid time management skills and the ability to organize, prioritize and perform multiple tasks simultaneously.
Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences.
Ability to analyze and comprehend complex financial data and provide financial alternatives.
Professional and effective interpersonal skills
THIS POSITION IS 100% COMMISSION with a recoverable draw.
SM-Sales and Service Execution Organization: 1784058-PREFERRED AND SMALL BUSINESS BANKING Mortgage Loan Officer - Washington, DC DC-Washington 1400056722 Estimated Salary: $20 to $28 per hour based on qualifications.
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