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Company

Southern Bancorp · 2 days ago

Mortgage Community Development Lender - Remote (MS)

Mississippi, United States

Full-time

Remote

Entry, Mid Level

2+ years exp

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Responsibilities

Originate high quality mortgage loans which are typical in low-to-moderate income borrowers in order to help serve the housing needs of underserved communities

Increase mortgage loan volume, primarily focusing on CRA, low-to-moderate, and minority customers, through effective consultative selling

Act as a representative of the bank in the community by attending community meetings/events and providing training seminars to residents regarding loan application procedures and mortgage loan products and services

Work with non-profit partners to provide home buyer education, mortgage credit counseling and technical assistance

Identify appropriate community groups throughout the community and establish a plan for making contact

Serve on housing/credit/finance related boards, charitable/civic organizations or MBA committees on an ongoing basis

Provide input for the design of programs, participate in credit related training for consumers to enhance knowledge within the community to maximize the benefits of mortgage loans and services

Conduct outreach training classes in financial literacy, mortgage, banking, home ownership

Maintain extensive knowledge of Southern Bancorp’s product offerings

Identify potential loan applicants through referrals and make sales calls as appropriate in order to provide prospects with information on loan products and to solicit business as appropriate

Assist borrowers with the application process by providing direction in filling out forms and keeping the applicant informed of necessary documentation

Understand and remain educated on grant/subsidy programs available within market to ensure borrower receives maximum funding

Prepare loan status of each loan in individual pipeline to be given to non-profit housing partners if applicable

Interview and counsel loan applicants on the various mortgage loan programs offered by bank

Analyze financial status and credit on each potential borrower, and fully understand the contract of sale to ensure proper submission of application

Make sales calls to housing non-profits to maintain relationship and ensure for the steady flow of referrals

Report weekly on loan volumes to management, and produce all other applicable reports necessary to provide management with the success of the originating efforts as requested by management

Understand the complexity of the partnerships with non-profit organizations in an effort to mitigate potential reputational risk from occurring

Work on special projects as assigned by mortgage leadership team

Qualification

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Community Reinvestment ActAffordable housing programsFirst-time homebuyer educationNMLS clearanceHousing counselingFinancial planningMortgage credit counselingCommunity development lendingBroad program guidelinesFluency in second language

Required

High School Diploma or equivalent required; bachelor’s degree is preferred

Two years’ experience in community development lending or minority mortgage lending with a focus on bridging the homeownership gap of underserved communities

Must have or receive NMLS clearance

Must have experience with broad program & mortgage investor guidelines

Housing counseling, financial planning and mortgage credit counseling experience

Good listener and self-starter with demonstrated ability to work with minimal hands-on direction

Must have excellent interpersonal skills to represent the Southern in a positive way in dealing with customers and other employees

Must have the ability to travel within market and must possess and maintain a valid driver’s license and a vehicle with appropriate insurance coverage