Mortgage Banker at Northwest Bank

Job DescriptionOverviewThe Mortgage Banker is responsible originating high-quality mortgage and equity loans, while providing excellent service to borrowers and referral sources. This individual also cross-sells bank products and services, while participating as an active member of regional teams.Essential FunctionsOriginate permanent conventional and FHA/VA/RD residential mortgage loans, with purposes of purchase, refinance and construction for the centralized channel (Internet, phone, LOS/CRM referrals), home equity loans and lines of credit for the centralized channel (Internet, phone, LOS/CRM referrals), and obtain appropriate financial and credit data to properly disclose and analyze level of riskAssist with borrower communication for construction loan overflowManage mortgage activity according to bank strategiesInterview borrowers to initiate complete, accurate and timely loan applications and disclosuresMeet timelines associated with regulatory disclosuresWork with processing center to streamline the process from application to closingMaintain thorough knowledge of core lending products and rate/fee structure, thorough knowledge of loan origination system, and working knowledge of related systemsUnderstand borrower needs and recommending appropriate loan productsComply to investor, insurer, and bank policies and proceduresUnderstand and comply with mortgage industry regulations, including the Qualified Mortgage, Dodd-Frank, Home Mortgage Disclosure Act, Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, Mortgage Disclosure Improvement Act, Truth-in-Lending laws, etc.Keep informed of changing rules and regulations, and local real estate and economic trends and developments that may affect loan quality or productionExercise good credit judgment to decision loans within the Retail Loan Policy and individual loan authority limitsEnsure loan decisions and recommendations are based on accurate informationManage confidential and sensitive information appropriatelyRespond to Quality Control reviews in a timely mannerMonitor and understand performance of individual portfolioPro-actively call on abandoned mortgage online applicationsRespond to online requests for contact via Northwest websiteMaintain thorough knowledge of all Northwest products and services and actively recommending cross-selling opportunities, and of competitor products and recommending enhancements to NWSB productsPromote and maintain a favorable image for the Bank, and customer loyalty by providing superior service to each customer and referral sourceWork cooperatively with referral sources and mortgage production staffProject professional image that inspires confidence and trustManage flexible schedule to meet customer needsEnsure compliance with Northwest's policies and procedures, and Federal/State regulationsNavigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiencyWork as part of a teamWork with on-site equipmentQualificationsBachelor's Degree in related subject preferredRegistration with NMLSR and annual renewal* Registering with the Registry and maintain registration* Obtaining a unique identifier through the Registry* Providing MLO unique identifiers to consumersUpon Hire required3 - 5 years lending/banking experience, knowledge of secondary market and regulatory guidelines, customer service and sales experience preferredAbility to analyze financial dataThe base salary plus commission for this position is generally $65,000-$72,000 per year. Actual pay is based on various factors including but not limited to the successful candidate's experience, skills, and knowledge. Additional bonus earning opportunities and benefits are also available.#LI-MM1Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.