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Dime Bank · 1 week ago

Residential Loan Originator

Norwich, CT, US

Full-time

Onsite

Mid Level

Dime Bank is a financial institution seeking a Residential Loan Originator to originate residential mortgages and engage in business development activities. The role involves ensuring loan quality, compliance with regulations, and fostering relationships to achieve loan origination goals.

BankingFinanceFinancial Services

Responsibilities

Originates residential mortgages and counsels' prospective borrowers to ensure loans comply with regulatory requirements, Bank policies and procedures, and secondary market guidelines. Fosters and cultivates business relationships through business development and community outreach activities to generate mortgage business to meet sales goals and objectives

Deals effectively with all parties that may be involved in mortgage origination-related activities, including customers, realtors, PMI companies, attorneys, investors, etc

Explains, promotes, sells, and/or cross-sells Dime Bank products and services based on customers’ needs and meets or exceeds defined individual sales, referrals, and service goals

Fosters strong relationships and effective communications with internal business partners and members of the processing/underwriting team to ensure a smooth loan process and to encourage referrals and goal attainment in assigned territories

Obtains necessary information and supporting documentation from applicant; performs the appropriate calculations using the DTI tools to ensure applicant qualifies for the intended mortgage product. Submits completed loan package to facilitate timely and accurate processing of the loan

Prepares required disclosures or related documents in a timely manner and according to compliance regulations and ensures that all fair lending requirements are met. Ensures loan pricing adheres to internal and investor guidelines

Plays a key role in facilitating the mortgage processing of the loan to achieve customer satisfaction and meet investor requirements. Effectively manages customer’s expectations regarding the loan process and responds to and resolves customer issues. May participate in obtaining required documents from the applicant throughout the process

Keeps abreast of competition and has thorough knowledge of products and rates; provides feedback and input to SVP and management

Develops and maintains specialized knowledge of internal, regulatory, and secondary market guidelines. Strives to be a subject matter expert on Appendix Q. to Reg. Z and FNMA underwriting criteria

Actively participates in community activities and organizations, represents Dime Bank in a favorable and professional manner

Qualification

NMLS registrationFederalState regulationsSales abilityNegotiation skillsPrioritizeTechnological proficiencyCommunication skillsTime management

Required

Requires a Bachelor's degree in a related field of study or parallel experience in banking and adherence to the bank's training policies and requirements

Strong knowledge of Federal, State, and internal Bank regulations and policy

Must meet the registration requirements and maintain an active registration status with NMLS (Nationwide Mortgage Licensing System and Registry)

Adhere to compliance of all applicable Federal and State bank regulations, as well as Dime Bank policies and procedures

Proven sales ability and negotiation skills

Excellent communication and time management skills, and a demonstrated ability to interact well with all levels of personnel

Ability to prioritize, handle multiple tasks, and work independently

Ability to stay current with all technological requirements of the job