Mortgage Loan Officer

About the position

This is a full-time, commissioned career opportunity that can be hybrid based out of our Somerset/Middlesex County, NJ market. The role involves soliciting first mortgages through contacts with realtors, builders, and developers. The Mortgage Loan Officer will work with customers and prospective customers to assist them in identifying and securing a mortgage loan that is appropriate for their individual financial circumstances and is designed to help them achieve their financial goals, including home ownership.

Responsibilities

• Develops and expands referral sources in order to solicit first mortgages.
• Maintains regular contact with Realtors in their offices and on site at open house events.
• Meets with builders on job sites to discuss lending options related to clients they have building homes.
• Seeks opportunities to meet with developers.
• Participates in building and trade shows.
• Participates in mixers related to real estate to build relationships.
• Collects and analyzes applicant's financial information to assess qualifications for loans.
• Interviews applicants and provides required information regarding income, assets, investments, debt, credit history, and property characteristics.
• Identifies customer's needs in conjunction with their financial situation and evaluates those needs in relation to available financial products.
• Recommends financial products that best meet the customer's specific needs and advises on risks and benefits of loan alternatives.
• Engages in persuasive sales activity to encourage potential customers to do business with the company.
• Cross promotes other services and financial products of the company to outside referral sources.
• Performs work related to the loans originated, including obtaining and analyzing financial and credit data.
• Follows current loans to ensure conformity with terms and follows up with customers via telephone and email.
• Completes paperwork related to the loans originated and prepares materials needed to support loan activities.
• Attends company meetings as necessary and ensures loan originations are in accordance with regulatory compliance.

Requirements

• High School Diploma or equivalent.
• 1 or more years of recent residential mortgage lending experience, including experience in the local market.
• 1 or more years of proven ability to develop referral sources from contacts and relationships outside the organization.

Benefits

• Medical plans with prescription drug coverage.
• Flexible spending account or health savings account depending on the medical plan chosen.
• Dental and vision insurance.
• Life insurance.
• 401(k) program with employer match.
• Employee Stock Purchase Plan.
• Paid time off programs including holiday pay and paid volunteer time.
• Disability insurance coverage.
• Maternity and parental leave.
• Adoption assistance.
• Educational assistance.
• Robust wellness program with financial incentives.