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First Dakota National Bank · 1 month ago

Real Estate Loan Officer

Sioux Falls, SD

Full-time

Onsite

Entry, Mid Level

2+ years exp

First Dakota National Bank is hiring a full-time Real Estate Loan Officer to join their Sioux Falls team. This role involves approving or denying mortgage loans by understanding the loan application process, compliance requirements, and effectively communicating with clients and stakeholders.

Financial ServicesInsurance

Responsibilities

Develop thorough understanding of all residential mortgage loan application, credit documentation, underwriting and closing processes, policies and standards to a level sufficient to accurately and efficiently originate loans in accordance with established processes, policies and standards

Acquire an adequate understanding of the appraisal/ valuation processes used in residential mortgage lending

Acquire working knowledge of secondary market structure and organization, price loans in accordance with pricing policy guidelines; acquire loan registrations from investors and mortgage insurance commitments from mortgage insurance providers

Develop working knowledge of all consumer compliance, reporting and other regulatory requirements relative to residential mortgage lending and accurately apply and follow these requirements and at all phases of loan origination and closing

Acquire adequate loan product knowledge and understanding of bank, investor and agency standards and documentation requirements for each product. Accurately identify correct product(s) that best fulfill the needs of the borrower, the borrower’s credit profile and the subject property. Effectively communicate and council loan applicants on available products, the related fees, charges and payments and the documentation requirements that the applicant must present and fulfill to acquire approval

Develop skills necessary to effectively interact and communicate with department staff, third party service providers, real estate agents, investors, servicers and other originating lenders

Acquire working knowledge of bank’s loan origination system, website references & tools, automated underwriting systems, credit bureau providers and agency & industry websites & portals necessary to effect loan originations

Comply with the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) by submitting all required information to the Registry and provide the unique identifier to consumers as defined in the S.A.F.E. Act procedures

Qualification

Mortgage Lending ExperienceLoan Origination SystemConsumer Compliance KnowledgeAttention to DetailCommunication SkillsOrganizational SkillsTeamwork

Required

BS or BA degree from four-year college or university

Minimum Of 2 Years Mortgage Lending Experience

Positive attitude and good work ethic

Ability to process a variety of transactions accurately and efficiently

Capability to maintain strict confidentiality

Attention to detail and comply with all Bank policies and procedures

Communicate effectively with various types of clientele, co-workers and departments to resolve an assortment of needs

Strong organizational skills

Ability to work well in a team environment

Punctuality

Adaptability - Adapts to changes in the work environment

Attendance/Punctuality - Is consistently at work and on time; Arrives at meetings and appointments on time

Career Apparel - Adheres to the Career Apparel policy; Demonstrates professional appearance during Bank hours or at after-hours Bank functions

Customer Service - Responds promptly to customer needs including requests for service and assistance; Provide courteous, personal attention to promote ongoing relationship servicing with customers

Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Completes tasks on time or notifies appropriate person with an alternate plan

Design - Demonstrates attention to detail

Initiative - Looks for and takes advantage of opportunities; Asks for and offers help when needed

Innovation - Shares suggestions for improving work

Interpersonal - Maintains confidentiality; Remains open to others' ideas and tries new things

Judgment - Exhibits sound and accurate judgment

Motivation - Measures self against standard of excellence

Communication - Listens and gets clarification; Responds well to questions; Participates in meetings; Writes clearly and informatively; Able to read and interpret written information

Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports and upholds organizational goals and values

Planning/Organizing - Uses time efficiently; Completes work in a timely manner

Problem Solving - Identifies and resolves problems in a timely manner

Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration; Accepts responsibility for own actions; Inspires the trust of others; Works with integrity and ethically

Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality

Safety/Security - Observes safety and security procedures; Reports potentially unsafe conditions; Uses equipment and materials properly

Team Work - Gives and welcomes feedback; Contributes to building a positive team spirit

Technical Skills - Understands basic computer software programs; Strives to continuously build knowledge and skills; Shares expertise with others