Private Banking Mortgage Loan Officer (Norfolk)

Company: Union First Market Bank
Location: Norfolk
Posted on: June 7, 2021

Job Description:

Completes loan applications, submits loan files to processing and provides the highest level of customer service to Private Banking qualified customers for portfolio mortgages across Atlantic Union Bank's footprint. Designs and implements comprehensive business plan to increase sales and build relationships with internal partners and outside centers of influence.

Position Accountabilities

• Completes telephone, mail-away and face-to-face Loan Applications with clients and approves loan disclosures for distribution to clients. All required fields in the application to be completed including all third party information prior to approval.
• Provides managerial oversight of MLO Processor and helps prioritize applications in process to meet client expectations and process efficiency.
• Processes other consumer purpose real estate secured loan transactions that are required in conjunction with a Portfolio Mortgage request.
• Determines if application meets portfolio mortgage parameters or qualifies for conventional products. Refers conventional products to a Home Loan Department MLO.
• Understands personal cash flow of Private Banking qualified applicants with ability to communicate cash flow to Processor as well as the Underwriter and ultimate credit approver.
• Prices loans and locks rates as per Company policy.
• Reviews returned applications and documentation for completeness, accuracy, and compliance.
• Prepares requested Pre-Qualifications as per Company policy. Orders credit reports, appraisals and title requests.
• Conducts regular follow-ups with clients and referral sources.
• Maintains regular communication with applicants throughout the processing period, assisting them with any questions and notifying them of any additional information required.
• Submits loan file allowing for stated turn times and works in conjunction with Private Banking Processor.
• Maintains pipeline of all loans in process, tracks their progress and meets all contractual deadlines.
• Assists all parties including the Processor during the entire process.
• Attends all settlements when possible.
• Keep informed of trends and developments in the local real estate market and competitive environment, as well as changes in rules and regulations pertaining to both private and government insured mortgages.
• Maintain a professional image and standards consistent with company policies and procedures.

Organizational Relationship

Reports to Managing Director - Private Banking

Position Qualifications

Education & Experience

• Minimum of 3 years of loan officer experience, or industry equivalent
• NMLS registration required

Knowledge & Skills

• Proven ability to read, write and communicate at a level consistent with the requirements of this position and to generate independent leads for new business and professionally communicate with existing and past clients.
• Working knowledge of standard loan products in the industry and strong familiarity with underwriting guidelines.

We are proud to be an EEO/AA employer, Minority/Female/Disability/Veteran. We maintain a drug-free workplace.

Keywords: Union First Market Bank, Norfolk , Private Banking Mortgage Loan Officer (Norfolk), Other , Norfolk, Virginia