Mortgage Loan Officer

$43,000 - $98,000/Yr

Texasbank - Fort Worth, TX

Full-time

Onsite - Fort Worth, TX

Credit Intermediation and Related Activities

About the position

The Mortgage Loan Officer at TexasBank plays a vital role in the mortgage lending process, assisting clients in securing financing for purchasing or refinancing real estate properties. This position involves guiding clients through the loan application process, evaluating their financial backgrounds, ensuring compliance with regulations, and collaborating with internal teams to facilitate timely loan closings. The Mortgage Loan Officer serves as a trusted advisor, helping clients navigate the complexities of mortgage lending to achieve their homeownership goals.

Responsibilities

• Work with clients to understand their mortgage needs and financial situations.
• Guide clients through the mortgage application process, including gathering necessary documentation and completing applications accurately and efficiently.
• Evaluate mortgage loan applications to determine eligibility based on creditworthiness, income, assets, and property value.
• Analyze financial data and credit reports to assess risk and make informed lending decisions.
• Provide personalized guidance and recommendations to clients regarding mortgage products, interest rates, terms, and repayment options.
• Educate clients on the various aspects of the mortgage process and answer any questions or concerns they may have.
• Ensure compliance with all applicable regulations and internal policies throughout the mortgage loan process.
• Adhere to industry standards and best practices to maintain the integrity of the lending process and protect the interests of both the bank and the client.
• Cultivate and maintain strong relationships with clients, real estate agents, and other referral sources to generate new business opportunities and referrals.
• Collaborate with internal teams, including underwriters and processors, to facilitate a smooth and timely mortgage loan closing process.
• Meet or exceed established performance metrics, including loan volume, quality, and customer satisfaction targets.
• Actively participate in ongoing training and professional development opportunities to enhance skills and knowledge of mortgage lending practices and products.
• Perform other duties and special projects as assigned.

Requirements

• High School diploma or equivalent is required.
• 3 or more years of Mortgage Loan Officer and/or mortgage industry experience required.
• Strong communication skills (verbal and written), analytical, organizational, and presentation skills.
• Ability to gather and analyze data from multiple sources and work on more than one project at a time is crucial.

Nice-to-haves

• A degree in Finance or Business is a plus.
• Valid NMLS number preferred (the bank can provide if needed).
• ITIN Mortgage Loan experience is preferred.