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Canvas Mortgage · 2 weeks ago

Mortgage Loan Officer (MLO) Bilingual Spanish/English

West Mobile - Mobile, AL 36608

Full-time

Hybrid

Mid Level

3+ years exp

Canvas Mortgage, a division of Merchants & Marine Bank, is growing and expanding its mortgage production teams. They are seeking a Bilingual Spanish/English Mortgage Loan Officer responsible for originating mortgage loans and providing excellent customer service while ensuring compliance with regulations.

Financial ServicesLendingMortgage

No H1B

Responsibilities

Develop business by initiating sales calls, follow-up meetings, and responding to referrals in a timely manner

Accept loan applications and gather all necessary documentation in order to start the pre-qualification Mortgage process and review financials, credit and property for feasibility of granting loans

Provide sales support and strong communication to customers, processors, and management from loan pre-qualification to loan closing

Monitor all applications and supporting documentation to avoid and detect customer fraud

Work with management to achieve team and division goals

Work closely with support staff to ensure efficient processing to include account documentation is complete and accurate, underwriting, and closing of loans

Manage and monitor all disclosures to ensure compliance with regulations and mandatory time frames

Comply with all applicable federal laws, rules, and regulations relating to Anti-Money Laundering (AML) including the Bank Secrecy Act (BSA)

Maintain excellent customer relations and the confidentiality of customer information

Negotiate terms, structure loan financing based on risk considerations and present credits for approval to appropriate levels of authority with the bank in accordance with bank procedures

Complete necessary credit investigations on each loan application as appropriate for keeping credit files current for the duration of the loan

Analyze potential loan markets and develop referral networks to locate prospects for loans

Build and maintain positive relations with business referral sources, customers, potential customers and co-workers

Ability to analyze mortgage clients for additional potential needs of other bank products and services and participate in business development activities

Perform all other duties as identified from time to time

Qualification

Mortgage experienceFHAVAUSDA guidelinesBilingual Spanish/EnglishNMLS numberCustomer service skillsInterpersonal skillsProblem-solving abilityOrganizational skillsCommunication skills

Required

High School diploma or equivalent; and 3-5 years related experience or equivalent

Prior mortgage experience is required for the Mortgage Loan Originator position

Fluent in Spanish and English (verbal and written)

Effective interpersonal relationships with customers, management and team members

Thorough knowledge of FHA, VA, USDA, Fannie Mae, and Freddie Mac guidelines and standards

A thorough understanding and application of all policies, procedures and regulations pertaining to the work of a Retail Mortgage Loan Officer

Must demonstrate a thorough knowledge of key lending concepts such as debt/income ratios, LTV percentages, credit scoring, and other underwriting criteria

Ability to solve practical problems and interpret a variety of instructions furnished in written, oral or schedule form

Ability to work with interest rates, ratios, percentages, excel and graphs

Ability to prioritize multiple demands in a high-pressure environment while maintaining professional demeanor and organizational skills

Must have the ability to obtain an NMLS number

Must pass the background check and not be listed on any watch and/or exclusionary list including but not limited to the GSA, LDP, and FHFA

Must be SAFE Mortgage Licensing Act compliant within 30 days of employment in this role and applicable NMLS acceptable background check

Excellent customer service skills, attentiveness, and information retention

Ability to interact effectively with employees in order to direct work flow, assess performance, and assign duties

Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences

Preferred

Candidates without direct MLO experience who are fluent in Spanish and English (verbal and written) and have experience translating for Spanish-speaking clients may be considered for a Junior Mortgage Loan Officer position if they do have sales experience and a knowledge of the financial services industry through work or education