Lending Officer conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. Being a Lending Officer performs a due diligence review of potential borrowers, including a risk and financial analysis. Structures loan proposals, prepares credit memos, and presents to loan committee for approval. Additionally, Lending Officer may manage a portfolio of existing loans, including reviewing financial reporting, monitoring compliance with loan terms, and handling loan modifications or workouts. Ensures adherence to regulations, bank credit policies, and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Lending Officer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Lending Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
CUSO Home Lending, one of the leading mortgage lenders in Maine, has an exciting opportunity for an experienced Mortgage Loan Officer (MLO) for the Central and Southern Maine market.
The successful candidate(s) will have a minimum of 2 years' experience in originating mortgages for the secondary market, to include RD, VA and MSHA., and a developed network with real estate and finance professionals as referral sources.
The ideal candidate will be a strong team player and offer superior service to our borrowers. We are looking for a candidate who is positive, upbeat, and presents a neat, professional appearance. Prior experience as a full-service mortgage loan officer working with realtors, builders, and other intermediaries who can refer mortgage applicants is preferred. You will sell our full portfolio of mortgage products to consumers who are buying or refinancing homes. This process involves both face-to-face meetings and telephone selling, working closely with our operations staff to ensure that the loan applications are fully completed, that the necessary supporting documentation is received, and that the loans close as scheduled. The position requires that you understand and comply with mortgage industry regulations, including NMLS, Licensing, Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, Truth-in-Lending laws, etc.
MLOs are expected to balance their work schedule calling on real estate brokers and other clients to establish mortgage business. This requires work outside of regular business hours, which may necessitate a flexible work schedule. The MLO is expected to meet or exceed established sales goals consistently with maintaining high standards of client satisfaction and quality.
CUSO Home Lending offers a competitive base salary plus commission based on closed loan production. CUSO Home Lending also offers an excellent benefit package as well as the opportunity to thrive in a challenging, fun, and exciting environment.
Experience:
Job Type: Full-time
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Schedule:
Work Location: On the road