Community Dev Mtg Loan Ofc

Old National Bank - West Saint Paul, MN

Full-time - Mid Level

West Saint Paul, MN

10,001+ employees

Credit Intermediation and Related Activities

About the position

The Community Development Mortgage Loan Originator at Old National Bank is responsible for generating residential mortgages specifically aimed at Low to Moderate Income (LMI) communities and minority individuals. This role focuses on promoting home ownership and ensuring compliance with Community Reinvestment Act (CRA) guidelines while fostering relationships with community organizations and referral partners.

Responsibilities

• Originate mortgage loans to achieve production goals.
• Self-source loans through established referral partners, community organizations, housing agencies, local business leaders, and realtors.
• Convert leads into applications and present personalized mortgage solutions.
• Produce required disclosures and collect documents needed to satisfy loan conditions.
• Manage pipeline from origination through closing and complete required management reports.
• Consult with internal partners to ensure superior customer service delivery.
• Utilize ONB reference tools and resources to provide accurate and up-to-date loan information to customers and business partners.
• Promote home ownership focusing on properties located in majority-minority census tracts.
• Coordinate and conduct home-buying training seminars for potential CRA and multicultural origination mortgage applicants.
• Partner with community, non-profit, and government agencies focused on affordable housing programs or minority communities.

Requirements

• 3-5 years of experience in community and diversity mortgage loan origination.
• Working knowledge of FHA, conventional and governmental lending guidelines; federal lending regulations; CRA, Multicultural and HUD income guidelines.
• Competent computer skills.
• Strong verbal and written communication skills.
• Competent skills in organizational and time management with the ability to multi-task.

Benefits

• Competitive salary
• Opportunities for professional development
• Inclusive workplace culture
• Community engagement initiatives