Residential Mortgage Loan Officer - Medford
Job Description:
Umpqua Bank Mortgage is growing and bringing a solid value proposition to the table for producing loan officers to succeed in today''s market. Successful Candidate will enjoy, excellent customer service oriented culture, superior operational and management support, state of the art technology platform, wide in-house product menu including but not limited to FNMA, Home path flex and N.O.O., 5-10 properties, Homestyle renovation, FHLMC, Home Possible, H.A.R.P., FHA 203b, FHA flips, 203k, manufactured, VA, USDA, JUMBO, Condos, All in One Construction, CalHFA, Equity Lines, portfolio products, competitive pricing, low admin fees, loan servicing/customers for life, splits as high as 80% depending on volume. 2010 Fortune 100 Best companies to work for #25.
Originates residential mortgage loans through solicitation and developing relationships with real estate professionals, builders, and other business referral sources to maintain a quality network of business relationships that serve as recurring sources of referrals for new mortgage lending opportunities. Participates in business related development opportunities, and community efforts to promote homeownership. Develops and executes marketing plan based on monthly and quarterly production standards. Conducts interviews with prospective borrowers to analyze financial and credit data, determines customer financing objectives, advises customer on product/pricing policies and guidelines, and gathers any additional required information. Ensures exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements, demonstrating a commitment to professional ethics and complying with all Federal and State compliance policies. Obtains required documents (i.e. appraisals, title reports, financial information), takes applications and follows through to closing. Cross-sells other bank services to mortgage customers. Works with underwriting, processing, funding and closing by following the transaction through to its conclusion. Sells the advantages of the company and various loan products. The loan officer is an outside exempt sales officer and is expected to spend at least 51% of work time outside of the office developing/marketing/selling mortgage residential loans.
Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities - knowledge will be gained through coursework, sales training and on-the-job training. Keeps up to date on regulation changes. Follows all Bank policies and procedures, compliance regulations, and completes all required annual required or job-specific training. Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words. Takes personal initiative and is a positive example for others to emulate. Embraces our vision to become "The World''s Greatest Bank."
Registered Mortgage Loan Originator (MLO)
This position requires you to act as a MLO, which is defined as an individual who takes loan applications, and/or offers or negotiates the terms of a loan for compensation or gain. All MLO's will be required to register as a MLO complying with the S.A.F.E. Act requirements.
Works on problems of diverse scope where analysis of data requires evaluation of identifiable factors. Exercises judgment within generally defined practices and policies in selecting methods and techniques for obtaining solutions. Prior mortgage lending and sales experience required and a successful track record in sales.
Requirements:
- 5+ years of relevant mortgage originating and structuring experience.
- Demonstrated knowledge of the mortgage industry, including processing, underwriting, closing and funding loan.
- Excellent analytical and problem solving skills.
- Experience collecting and analyzing borrower income and negotiating skills.
- Excellent written and verbal communication.
- Ability to organize and prioritize, manage and perform multiple tasks.
- Detail-oriented and able to meet strict deadlines.
- Ability to work effectively with individuals and groups across the company to manage internal and external customer relationships.
- Proficiency with personal computers and related software packages such as Word and Excel, and other business machines.
- Current/Previous mortgage self-generated origination/sales experience required.
- Requires a bachelor's degree in business, finance, or equivalent.
- Must be registered as a MLO as per the S.A.F.E. Act requirements.
PHYSICAL REQUIREMENTS & WORKING CONDITIONS
Work involves sitting, occasional walking, and lifting up to 10 pounds.
Requires close visual acuity.
Normal office environment.
Occasional travel.
No relocation offered.
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and may perform pre-employment substance abuse testing.
