Burke & Herbert Bank · 3 months ago
Mortgage Loan Officer
Alexandria, VA, US
Full-time
Onsite
Entry Level
1+ years expBurke & Herbert Bank is a financial institution seeking a Mortgage Loan Officer to handle all functions of originating loans. The role involves developing application sources, processing loan applications, and ensuring compliance with lending regulations.
Financial Services
Responsibilities
Develop application sources through internal and external centers of influence including but not limited to: Burke & Herbert Bank branches, realtors, builders, stockbrokers, financial planners, attorneys, accountants and past customers
Develop new business from personal and nontraditional resources
Work independently
Complete 1003 Residential Loan Application
Collect all data and documents necessary to process the application. Assign loan number
In-put or upload application information into Loan Origination System, Encompass
Submit to Desktop Underwriter™, Loan Prospector™ or other decision engine
Issue initial disclosures accurately and in a timely manner
Follow up on conditions necessary to close or decline loan as requested
Price and lock interest rate with investor, meeting Burke and Herbert Bank pricing expectations
Monitor lock expiration dates for closing and delivery
Call on Burke & Herbert Bank branches in assigned territory
Make introduction of all market applicants to appropriate Burke & Herbert Bank personnel. Generate new leads for the Bank from outside sources
In consultation with Burke & Herbert Bank personnel, explore opportunities for cross-sell of other Burke & Herbert Bank products
Collect fees in accordance with Burke & Herbert Bank standards
Participate, as requested, in opportunities to promote the Burke & Herbert Bank
Maintains lending compliance including but not limited to: early disclosures, government monitoring, high priced mortgage loans documentation, and customer information procedures
Expected minimum closed loan volume of $1,000,000 per month after 60 days
Qualification
Required
Develop application sources through internal and external centers of influence including but not limited to: Burke & Herbert Bank branches, realtors, builders, stockbrokers, financial planners, attorneys, accountants and past customers
Develop new business from personal and nontraditional resources
Work independently
Complete 1003 Residential Loan Application
Collect all data and documents necessary to process the application. Assign loan number
In-put or upload application information into Loan Origination System, Encompass
Submit to Desktop Underwriter™, Loan Prospector™ or other decision engine
Issue initial disclosures accurately and in a timely manner
Follow up on conditions necessary to close or decline loan as requested
Price and lock interest rate with investor, meeting Burke and Herbert Bank pricing expectations
Monitor lock expiration dates for closing and delivery
Call on Burke & Herbert Bank branches in assigned territory
Make introduction of all market applicants to appropriate Burke & Herbert Bank personnel. Generate new leads for the Bank from outside sources
In consultation with Burke & Herbert Bank personnel, explore opportunities for cross-sell of other Burke & Herbert Bank products
Collect fees in accordance with Burke & Herbert Bank standards
Participate, as requested, in opportunities to promote the Burke & Herbert Bank
Maintains lending compliance including but not limited to: early disclosures, government monitoring, high priced mortgage loans documentation, and customer information procedures
Expected minimum closed loan volume of $1,000,000 per month after 60 days
A Mortgage Loan Officer must be able to communicate and work well with the public
Must have the ability to analyze credit information necessary to originate and assist in processing a residential loan application
Individual must have knowledge of lending compliance requirements and general knowledge of conventional and government loans available to the consumer
Must be resourceful and have the ability to work with secondary market investors insuring all loans meet established guidelines
Must be extremely detailed oriented to insure accuracy of data supporting loan files
Data integrity must never be compromised
Must have ability to work independently inside and outside the office, manage loan pipeline, follow-up with borrowers, Burke & Herbert Bank partners, and sources of business
Work to ensure timely loan closings
High Level of experience with FHA – VA – USDA and VHDA
At least 1 year of mortgage loan sales and an active NMLS number
Origination and sales experience
Preferred
College degree preferred
Encompass experience preferred
Company
Burke & Herbert Bank
Burke & Herbert Bank provides banking services for personal, business, and wealth management needs.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
David Boyle
President and CEO
Jennifer Schmidt
Executive Vice President & Chief Risk Officer
Recent News
MarketScreener
2025-12-18
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2025-10-31
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