Job Information
Yakima Federal Savings & Loan Mortgage Loan Officer (Tri-Cities) in Kennewick, Washington
BASIC FUNCTION:
Assume responsibility for accepting and processing mortgage and installment loan applications. Analyze and evaluate loan applications. Acknowledge customer's needs with suggestions appropriate to the Associations loan products.
$52,800 - $62,820 Starting Salary
*ESSENTIAL DUTIES: *
- Interview customers applying for mortgage and consumer loans.
- Receive formal application for a mortgage from the customer. Assist customers with completing technical details of the application.
- Review completed mortgage application for accuracy and thoroughness and request additional information if necessary.
- Assist Loan Processors in supplying customers with all necessary and appropriate disclosures.
- Be knowledgeable on all Association Loan Programs
- Stay current on loan rates.
- Calculate gross monthly income for customers using pay stubs, W-2's, tax returns and financial statements.
- Have the ability to read and decipher a tri-merge credit report.
- Be proficient on Mortgagebot loan program.
- Order credit reports, title insurance, flood searches and appraisals in a timely manner.
- Process, package and submit new loans to Underwriter for review.
- Assist Loan Closers and Loan Service personnel to obtain appropriate documentation for files.
- Process Loan Modifications.
- Communicate with customers on a regular basis to answer any and all questions.
- Build and maintain business relationships within the community to attract new business.
- Stay current of compliance regulatory issues, through ongoing training, as they pertain to duties.
- Maintain thorough knowledge of bank policies, procedures, and services.
* MINIMUM REQUIREMENTS:*
- Bachelors' degree in finance, accounting or business management, and 3 or more years experience as a Mortgage Loan Officer, or equivalent combination of education and experience.
- Registered as a MLO with the National Mortgage Licensing System.
- Bilingual (English/Spanish) preferred.
- Prior supervisor/management experience.
- Demonstrate understanding of mortgage processing and underwriting procedures.
- Knowledge of conventional and/or government lending guidelines.
- Excellent customer service skills.
- Excellent verbal and written communications skills.
- Professional and effective interpersonal skills.
- Ability to analyze and comprehend complex financial data and recommend appropriate financial alternatives.
- Ability to utilize computer and related software applications.
- Ability to work in a fast-paced environment.
- Ability to work well under pressure.
- High degree of accuracy.
- Organizational skills.
- Ability to work as a team member
Pay and Benefits:
We offer a comprehensive benefits package that includes:
- Medical
- Dental
- Vision
- Group Life/AD&D Insurance
- Group Long Term Disability
- Voluntary Life Insurance
- Voluntary AD&D Insurance
- Voluntary Group Legal Insurance
- Voluntary MetLife Benefits (Accident, Critical Illness, and Hospital Indemnity)
- Flexible Spending Account
- Employee Assistance Program
Employees accrue 8 hours of sick leave per month, 40 hour of vacation after 6 months, 80 hours of vacation annually after 1 year of employment (vacation accruals increase depending on years of service), and receive approximately 11 paid holidays per year. Plus, our employees enjoy a set schedule Monday through Friday with *NO WEEKEND *hours!
Salary range for a Mortgage Loan Officer is $52,800 - $86,500 "Other Compensation" includes a S