| Job Position |
Residential Loan Officer |
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| Reports to: |
Residential Lending Manager |
| Department: |
Loan Origination |
| Supervises: |
0 |
| Education: |
Bachelor's Degree in Business, Finance or related field or equivalent plus a proven track record in mortgage origination. |
| Experience: |
Minimum of four (4) years FHA/VA and conventional mortgage origination experience. |
| Description: |
|
| Position Summary: |
The Residential Loan Officer establishes and
maintains relationships with Realtors, Builders and customers. Makes
sales calls to generate leads for referrals of residential loans.
Interviews applicants and takes residential loan applications.
Analyzes and screens preliminary requests on various types of
residential loans. Recommends loan programs that are suitable to the
applicant. Informs all interested parties of loan status and approval.
Provides continuing education to Realtors and Builders on loan
programs.
Internal: Daily contact with Processing, Closing,
Underwriting and Secondary Marketing staff. Frequent contact with
Residential Lending Manager, Senior Management and Bank branches.
External: Frequent contact with loan applicants, Realtors,
Builders, Title Companies and/or closing attorneys.
Federal
Trust Bank offers Health Care benefits and a matching 401(k) plan.
Compensation is commissioned only. |
| Requirements: |
- Bachelor’s Degree in Business, Finance or related area
or equivalent plus a proven track record in mortgage
origination.
- Minimum of four (4) years FHA/VA and conventional mortgage
origination experience.
Construction Lending knowledge a
plus.
- Good working knowledge of the residential lending
products offered and understanding of the Bank products and
services.
- Good working knowledge of industry residential
underwriting guidelines for FHA, VA,
USDA and Conventional
Loans.
- Excellent time management, organizational and
cross-selling skills.
- Strong written and oral communication skills.
- Proven public relations skills at a level consistent
with this position to generate
independent leads for new
business.
- Must be able to work flexible hours and be willing to
travel.
- Must possess a valid driver’s license in the
appropriate State.
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Federal Trust Bank promotes an equal employment opportunity workplace
which includes reasonable accommodation of otherwise qualified disabled
applicants and employees so long as this does not create an undue
hardship on the company. Please see your manager should you have any
questions about this policy or these job duties. This job description
may not be all-inclusive and employees are expected to perform all
other duties as assigned and/or directed by management. Job descriptions
and duties may be modified when deemed appropriate by management.
Federal Trust is an EEO/AA Employer M/F/V/D. All employees are
responsible for regulatory compliance as it relates to their
position. Department managers are to be primarily responsible for
maintaining proficient knowledge and day-to-day compliance with any
laws or regulations relative to their departments. In addition, it
is the responsibility of the department managers to notify the
Compliance Officer if at any time they become aware of a situation
which may place the Bank at risk of being out of compliance.
All employees have a responsibility to understand the Bank
Secrecy Act as it relates to their job and to identify and report
qualifying transactions to the Bank Secrecy Act Officer. |
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