540 - MORTGAGE LOAN OFFICER
Company: Hawthorn Bank
Location: Saint Louis
Posted on: November 19, 2021
540 - MORTGAGE LOAN OFFICER Kansas City, MO, USA Springfield,
MO, USA St. Louis, MO, USA Req #172 Friday, June 18,
2021SUMMARYPerform loan processing and set-up duties associated
with the documentation and posting necessary in granting credit to
the Bank's borrowers. Incumbents will be expected to have a good
understanding of the functional area so that they may perform
competently in this area by performing the following duties.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other
duties may be assigned.Perform full range of duties pertaining to
the real estate loan processing function, including, but not
limited to the following: interviewing loan applicants to obtain
detailed information necessary to complete loan application; run
credit and automated underwriting; complete loan documentation,
work with the underwriter regarding loan approval, and communicate
business decision regarding acceptance or denial to applicants.
Review closing costs, loan estimate, and any other required
disclosures with customers; obtain customer signatures on all
required documents and disclosures.
Order credit report; calculate loan to value ratios, principal,
interest, taxes, homeowners insurance, and PMI insurance to income,
and all other payments to income to determine feasibility of loan
and proper loan category; computes loan payments to include
principal and interest; may discuss loan approval with supervisor,
other residential loan officers, and underwriter; contact customers
regarding questions/concerns; makes decisions and notifies
customer; quote rate and term of loan; educate customers regarding
locking in loans and potential ramifications of not finalizing;
obtain documentation needed for loan file; forward file to loan
processor and underwriter; close approved loans; send required
documentation regarding denied loans; provides suggestions for ways
to improve credit rating.
Proceed with processing paperwork on loans that will close per loan
guidelines; present in-house loans to loan committee for approval/
Contact potential customers to sell residential loan products and
services; make regular calls to realtors and affiliates to
facilitate lending; attend affiliate functions to market loan
Work with support staff to complete all required documentation,
letter, reports, forms, etc. Authorized to sign bank drafts and
other loan documentation necessary to complete loan closings.
Assist with documentation and responses to questions from internal
and external auditors as well as examiners regarding work
Perform full range of duties pertaining to the loan
processing/closing/servicing function, including, but not limited
to the following: order credit bureau reports to obtain credit
history information on potential borrowers, answer customer
inquiries, prepare processing and closing documents for new and
refinanced loans closing. Review files to ensure that proper
documents and disbursements are prepared accurately for loan
officer performing the closing. Learn to obtain pay-off information
as necessary. Demonstrate ability to review files after closing to
ensure that all documents signed and checks disbursed.
Prepare thank you letters; follow up on pre-qualified customers to
determine if they have secured a loan with another institution.
Cross sell other bank products.
Assist Residential Lending Manager and Officer as needed.
Represent the bank at various functions and provide leadership in
Comply with all banking regulations, policies and procedures.
NON-ESSENTIAL DUTIES & RESPONSIBILITIES include the following.
Other duties may be assigned.Maintain educational and professional
expertise through attendance at job related seminars, conferences
QUALIFICATIONSTo 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
EDUCATION and/or EXPERIENCEPossess a four-year college degree from
an accredited university or institution with a major area of study
in business administration, accounting, finance or other closely
related filed. Professional work experience as a loan officer may
be substituted for the degree requirement on a year-for-year basis.
Additional education and/or training.
Possess more than two years professional work experience as a loan
officer or comparable position.
LANGUAGE SKILLSAbility to read and interpret documents such as
safety rules, operating and maintenance instructions, and procedure
manuals. Ability to write routine reports and correspondence.
Ability to speak effectively before groups of customers or
employees of organization.
MATHEMATICAL SKILLSAbility to add, subtract, multiply, and divide
in all units of measure, using whole numbers, common fractions, and
decimals. Ability to compute rate, ratio, and percent and to draw
and interpret bar graphs.
REASONING ABILITYAbility to apply common sense understanding to
carry out detailed but uninvolved written or oral instructions.
Ability to deal with problems involving a few concrete variables in
OTHER SKILLS AND ABILITIESMust have the ability to operate the
following equipment: telephone, 10-key calculator, typewriter,
personal computer and printer, copy machine, fax machine. Must have
working knowledge of word processing, spreadsheet, and database
software programs. Basic PC knowledge.
KEY CONTACTS-Internal and ExternalHas regular contact with loan
officers to verify information necessary to process credit
requests, denials, and closing.
Has regular contact with customers, their personal representatives,
accountants, real estate agents, insurance reps, title company
reps, credit life/disability insurance company claims reps,
attorneys, student loan reps, etc., in responding to inquiries as
part of the loan processing function.
Has regular contact with other financial institutions in responding
to credit information on customers (e.g., credit status,
Has moderate contact with Credit Bureaus, title companies,
Recorders, on borrower credit related reporting issues and
CERTIFICATES, LICENSES, REGISTRATIONSValid driver's license.
PHYSICAL DEMANDSThe physical demands described here are
representative of those that must be met by an employee to
successfully perform the essential functions of this job.
Reasonable accommodations may be made to enable individuals with
disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly
required to use hands to finger, handle, or feel and talk or hear.
The employee frequently is required to sit and reach with hands and
arms. The employee is occasionally required to stand; walk; climb
or balance; and stoop, kneel, crouch, or crawl. The employee must
occasionally lift and/or move up to 10 pounds. Specific vision
abilities required by this job include close vision, distance
vision, color vision, peripheral vision, depth perception, and
ability to adjust focus.
WORK ENVIRONMENTThe work environment characteristics described here
are representative of those an employee encounters while performing
the essential functions of this job. Reasonable accommodations may
be made to enable individuals with disabilities to perform the
The noise level in the work environment is usually moderate.
COMMENTSPosition requires the ability to work before or after
normal business hours, including Saturdays, to meet deadlines and
attend various meetings.Other details
Keywords: Hawthorn Bank, St. Louis , 540 - MORTGAGE LOAN OFFICER, Accounting, Auditing , Saint Louis, Missouri
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