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Mortgage Originator

Essential Duties and Responsibilities:

- Orginate new Fannie Mae or In-House mortgages including purchases, refinances (determin cash-out of no cash-out) and construction loans.
- Meet with clients and take phone calls to go over different products.
- Assist in the application process and pre-qualify applicant information to determind viability of desired loan program.
- Verify all assests, liabilities, verficiations of past and present employers, and landlord verifications if applicable.
- Order apprasial, survey, title work, flood, 4506T's, and social security verifications.
- Analyze appraisal input and input through the Fannie Mae UAD apprasial portal and do appraisal review.
- Compare 4506T's to customer actual tax returns.
- Communicate with clients through the entire loan process.
- Gather homeowners insurance policy and instruct or contact insurance company to insert correct mortgagee clause.
- Lock-in clients through the Fannie Mae E-committing system.
- Prepare commitment letter and closing letter along with rate lock or ballon disclosure.
- Contact customer's employer and do final VOE at least ten days prior to settlement and prepare the verbal VOE form for file.
-Work with the Title Company to clear title work and coordinate the mortgage closing.
- Attend all settements in or outside the office and go over the entire mortgage package with client and the HUD settlement sheet.
- Prepare a mortgage loan Synposis for all files.

Additional Duties:

- Prepare construction loan disclosures which require separate disclosure for the two settlements. First is to set up construction line of crefdit, the other for payment financing of mortgage.
- All construction loans pending, update all credit and verifications every 90 days.
- Order all of the five bring downs through Title Company.
- Order and schedule all sight inspections from appraiser.
- Analyze the site inspections for draw amounts
- Assist in editing of posted payments, taxes, insurances, and escrow analysis.

Organization:
- Initiate changes in the basic organization structure to accomplish objectives developed with the Loan Administrator, Chief Lending Officer, and Loan Operations Supervisor.
- Activate new work procedures and systems to accomplish planning and bank development objectives more efficiently.

Finances:
- Prepare the annual budget for mortgage loan department, administering allotted funds in accordance with the budget and approved fiscal procedures. Recommend capital expenditures for planning and bank development.

Relationships:

- Responsible to the Chief Lending Officer and Loan Administrator for fulfillment of functions and responsibilities.
- Advise and assist department managers, officers, and staff in their respective functions associated with the areas for which he or she has direct responsibility.
- Will have extensive contact with customers and the public, conducting relationship in a manner that will enhance the overall marketing effort of the bank.
- Will be called upon from time to time to participate with community organizations, in community projects, and other duties as needed.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or
Experience:
- Bachelor's degree (B. A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.

Language Skills:
- Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to write speeches and articles for publication that conform to prescribed style and format. Ability to effectively present information to top management, public groups, and/or boards of directors.

ReasoningAbility:
- Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.


BSA/AML Compliance:
- All bank personnel shall comply with the requirements of the Bank Secrecy Act, USA PATRIOT Act, and all related anti-money laundering regulations. Compliance shall include adherence to all Board approved bank policies and procedures, and participation in initial, regulatory update, and annual training for reinforcement. Additionally, all personnel shall identify and report any suspicious or terrorist financing activity upon detection to the Bank Secrecy Act Officer so a Suspicious Activity Report (SAR) may be filed in a timely manner with FinCEN. As applicable, branch personnel may be required to complete a Currency Transaction Report (CTR) for certain currency transactions and collect identifying information for purchases of certain monetary instruments.

EOE/AA Minority/Female/Disability/Veteran

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