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Job: Retail Mortgage Loan Officer

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Title Retail Mortgage Loan Officer
Categories Loan Officer
Salary Draw + Commission
State AR
Job Information

About Bank of Arkansas Mortgage:
Bank of Arkansas Mortgage is a division of BOKF, NA, a subsidiary of BOK Financial Corporation; a top 25 U.S. based financial services company. The mortgage division is an approved seller servicer for Freddie Mac, FNMA and GNMA with a $15 billion servicing portfolio. We continue to grow and seek talented mortgage professionals who can accelerate our team’s success.

http://www.bankofarkansas.com/mortgagerecruiting

What makes us different:
• Regional bank feel with national bank products and presence
• We service the loans we originate
• Exceptional local in-market processing and underwriting team
• Corporate advertising
• Product offering includes Fannie Mae, Freddie Mac, FHA, VA, Jumbo, Rural Development, Section 184 and Portfolio Jumbo and 2nd mortgages
• We underwrite to Fannie and Freddie, removing the guesswork on your part
• Competitive fees structure and pricing
• Supportive non-producing regional managers to help you with your day to day needs
• Competitive pay structure
• Entrepreneurial sales culture
• Exemption from state licensing

The Retail Mortgage Loan Officer is primarily responsible for representing a full range of mortgage financing; generates mortgage and development loans through solicitation of individual consumers, groups, real estate brokers and builders/developers. Maintains an active call schedule for purposes of educating targeted business sources regarding the features and benefits of BOK Mortgage financing.

PRINCIPLE DUTIES AND RESPONSIBILITIES:

  • Serves as primary contact with all parties on individual loans originated from application to closing; duties may include:
  • Counseling and pre-qualifying potential home buyers
  • Completing applications
  • Obtaining all necessary support documents along with appropriate fee and lock-in information in compliance with FNMA, FHLMC, VA, FHA, and mortgage lending regulations includes of RESPA, Truth-in-Lending, and HMDA
  • Overseeing loan process by monitoring loan status and ensuring conformity with terms
  • Obtaining loan documentation prior to closing
  • Assisting in collecting additional documents and communicating loan status to all parties
  • Establishes and maintains client referral relationships with individuals, groups, Realtors, builders/developers; makes sales calls on potential or existing customers to develop new business or retain existing business.
  • Prepares complete loan application package; inputs loan applications, assembles and prints all required documents.
  • Communicates daily with loan processors, buyers, realtors, and builders on status of loan files.
  • Inputs approval or declination information into computer system; prepares required notices to send to customer if loan denied; informs borrowers, realtors, builders, and closer of status of loans.
  • Assists customer via telephone and walk-in customers directly to discuss loan programs and pre-qualifying requirements and procedures.
  • Attends open houses, broker open trade fairs, RESAT, Women’s Council, and APMW and other organizational meetings in order to promote mortgage financing.
  • Trains new real estate agents and brokers in areas of financing, qualifying buyers, and lending guidelines.

KNOWLEDGE, SKILLS and ABILITIES:

  • Thorough knowledge of mortgage lending guidelines and regulations (FHA, VA Conventional, FHLMC, FNMA and private investor)
  • Ability to perform complex mathematical calculations and to learn complex technical information
  • Ability to operate PC and 10 key by touch
  • Working knowledge of underwriting criteria
  • Excellent interpersonal skills, and oral and written communication skills

This level of knowledge is normally acquired through completion of an Associate’s Degree and 2-3 years related mortgage lending experience.

Click here to apply directly on our career site: http://bit.ly/2DiJjwd

Apply Now