Mortgage Banker Job Description
Mortgage banker
provides leadership to the underwriting management team responsible for underwriting mortgage loans to FNMA; FHLMC; FHA/VA/USDA; portfolio; private-investor; and Ability-to-Repay guidelines.
Mortgage Banker Duties & Responsibilities
To write an effective mortgage banker job description, begin by listing detailed duties, responsibilities and expectations. We have included mortgage banker job description templates that you can modify and use.
Sample responsibilities for this position include:
Build and manage a strong pipeline of loans to meet and exceed sales goals
Requires the ability to achieve stated production goals of mortgage origination with limited supervision
Support clients as a sales professional with clients about current and future needs to help them achieve their goals
Identify prospects to gain new business, including broadening and deepening relationships with existing clients following up on new leads through Branch referrals
Will be assigned to work with a designated Mortgage Banker and get “hands on” expert Mortgage Banker Sales Support and Sales Leadership to ensure proper and successful ramp at Chase – credit, program, policy, technology, sales coaching
Establish priority accounts (realtors, builders, title companies, ) and visit respective offices at least once a week
Coordinate closing details with Client/Realtor - final payment, rate, cash to close, Est HUD
Building and maintaining long-term relationships and partnerships with your broker accounts
Being your clients’ go-to resource for all questions regarding the mortgage industry
Monitoring the performance of accounts in your pipeline
Mortgage Banker Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Mortgage Banker
List any licenses or certifications required by the position: NMLS
Education for Mortgage Banker
Typically a job would require a certain level of education.
Employers hiring for the mortgage banker job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and High School Degree in Real Estate, Business, Education, Communication, Finance, Management, Economics, Computer, Construction, Financial Services
Skills for Mortgage Banker
Desired skills for mortgage banker include:
FHA
VA
FNMA
FHLMC guidelines
Real estate market in local area
Circumstances
Customer's financial needs
Goals
Mortgage lending process and applicable regulatory requirements
MS Office
Desired experience for mortgage banker includes:
Mortgage sales experience
3-5 plus years mortgage sales experience
2 years experience in the origination of conventional mortgage loans, including portfolio loans and loans for sale to other secondary market investors
Must have comprehensive understanding of guidelines, documentation, regulations and requirements of mortgage lending programs and products
Originates first mortgage residential loans for inclusion in the Bank's portfolio and/or sale on the secondary mortgage market
Ability to builds and maintain good relationships with customers
Mortgage Banker Examples
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Mortgage Banker Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of mortgage banker. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for mortgage banker
- Prepares complete loan application package
- Inputs approval or declination information into computer system
- Keeps informed on trends and developments in the local real estate market, the changing rules and
- Consistently manages to prescribed personal and business unit sales plans the overall strategy of Mortgage Banking
- Identifies, develops and maintains a quality network of business relationships that serves as a recurring source of referrals for new mortgage lending opportunities
- Conducts interviews with prospective borrowers in order to analyze financial and credit date, determine customer financing objectives, advise customers of product/pricing policies and guidelines, and gather any additional required information
- Work with Mortgage Processor and Mortgage Operations to ensure that loan documents are submitted to Mortgage Operations within specified time frame
- Work with Mortgage Processor and Mortgage Operations to ensure loan conditions are met and continue on-going communication to customer regarding loan status
- Ensures exceptional customer service by maintaining thorough knowledge of lending programs, policies, procedures and regulatory requirements
- Regularly participates in community efforts to promote home ownership
Qualifications for mortgage banker
- Our Reverse Mortgage Bankers may work 50 or more hours per week, which can include weekends
- Must meet National Mortgage Licensing System (NMLS) and Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) Requirements
- Instruct you on how to comply with the requirement to register with the Nationwide Mortgage Licensing System Registry
- Requires 3 years minimum experience in mortgage sales
- Minimum 5 years of retail residential mortgage sales experience
- Minimum 3 years of mortgage or financial experience as part of a private banking team
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Mortgage Banker Job Description
Job Description Example
Our company is looking for a mortgage banker. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for mortgage banker
- Meets with customers as necessary during various stages of loan process
- Provides complete loan applications to Operations center partners
- Oversees and ensures successful completion of all assigned Mortgage Banker training activities
- Responsible for complying with BSA policies and procedures
- Interview loan applicants
- Interviews potential mortgage loan customers
- Maintains communication with processors and underwriters as to status of loan
- Maintains a good working relationship with all bank employees
- Play a supporting role to the Mortgage Banker throughout the transaction for each client
- Providing updates to clients and taking action as a result for various processes in the pipeline
Qualifications for mortgage banker
- Must meet and comply with all requirements set forth in the SAFE Act, including, but not limited to successful completion of the required background checks and obtaining a Unique Identifier from the NMLS
- Highly prefer network of professional referral sources
- Highly prefer a BA/BS degree with preference for business, finance, or economics degree
- Preferred experience with Net Oxygen, Salesforce, Blend, and Microsoft Office suite
- Requires practical knowledge of job area typically obtained through advanced education combined with
- 2 years experience in the origination of conventional mortgage loans, including portfolio loans and loans for sale to other secondary market investors is preferred
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Mortgage Banker Job Description
Job Description Example
Our innovative and growing company is hiring for a mortgage banker. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for mortgage banker
- Communicate clearly with all parties on updates and actions taken
- Become active in local affiliations relative to mortgage loan production
- Builders Association
- Organizes customer appreciation events, seminars, and conference calls
- Guides customers throughout mortgage application and processing activities
- Partners with branch teams to properly hand off customers to finalize mortgage documentation
Qualifications for mortgage banker
- Assists with the implementation of targeted marketing programs, promotions, and other initiatives
- Seeks opportunities to expand network by obtaining referrals from existing relationships
- Establishes and enhances the Bank’s community presence by participating in trade shows, conferences, and related events
- Serves a customer advocate during application and processing activities
- Provides marketing, event coordination, and general administrative support to maintain positive and ongoing contact with their broader referral network
- Delivers exceptional customer service that builds trust through expertise, responsive service, and support
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Mortgage Banker Job Description
Job Description Example
Our company is hiring for a mortgage banker. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for mortgage banker
- Engages with third party realtors, lawyers, and related referral sources to create strong relationships that generate referrals for clients requiring real estate lending solutions
- Sells real estate lending and insurance products and identifies and initiates cross-sell opportunities and referrals in the best interest of the customer
- Verifies mortgage approvals for compliance with regulatory requirements and operational and credit policies
- Participates in projects and other activities designed to improve the customer experience
- Liaises between clients and various departments across the organization to discuss issues and procedures, and provides mortgage and insurance product support and expertise
- Completes all necessary transactional documentation in compliance with security measures
Qualifications for mortgage banker
- Helps determine business priorities and best sequence for execution of business / group strategy
- Conducts independent analysis and assessment to resolve strategic issues
- Liaises with various BMO teams and customers to ensure satisfactory completion and/or fulfillment of the home financing application
- Documents updates in BMO’s internal systems to ensure employees have access to the status of outstanding customer opportunities, transactions, and problems / issues
- Analyzes data and information to provide insights and recommendations
- Gathers and formats data into regular and ad-hoc reports and dashboards
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Mortgage Banker Job Description
Job Description Example
Our company is growing rapidly and is hiring for a mortgage banker. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for mortgage banker
- Proficient with general office machines and programs to include Microsoft Office Word, Excel, Outlook, and other software that might be utilized in the department
- Ability to use the computer efficiently and the capacity to learn new software programs as they are rolled out by the Bank
- Must have good knowledge of business English, including spelling and punctuation
- Must possess basic English language skills in order to write and speak clearly, and effectively with coworkers and customers
- Must be well-organized, accurate, and attentive to detail
- Must be cooperative and willing to assist coworkers and customers on a regular basis
Qualifications for mortgage banker
- Basic knowledge of portfolio management and related credit qualification standards, policies, and procedures
- Expert knowledge of self-management and teamwork, personal lending, relationship sales and management
- Functional knowledge of personal banking, investments, trust services, business and commercial lending, and cash management
- Strong knowledge of the broader real estate industry and mortgage market
- Originates first mortgage residential loans for inclusion in the Bank's portfolio and/or sale on
- 2 years experience in the origination of conventional mortgage loans, including portfolio