Community Development Loan Officer oversees the bank's CRA Programs and policies to ensure compliance with federal Community Reinvestment Act banking regulations to meet the credit needs of the area's low to moderate-income populations. Serves as the subject matter expert of CRA laws, rules, and regulations by maintaining a deep and up-to-date knowledge of regulatory requirements, proposed legislation, and announcements. Being a Community Development Loan Officer reviews and analyzes lending activity data and practices to ensure compliance with CRA policies. Develops, implements, and administers the overall corporate CRA plan and localized or remedial plans with guidelines and standards to assist with compliance. Additionally, Community Development Loan Officer advises management and coordinates with legal staff on the potential impact of actions. Coordinates and delivers reports to bank leadership and regulatory agencies. Ensures the bank has a positive and visible role in community economic development activities, events, and initiatives. Requires a bachelor's degree or equivalent. Typically reports to a director. The Community Development Loan Officer work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Community Development Loan Officer typically requires 4 -7 years of related experience. (Copyright 2024 Salary.com)
Primary Job Functions:
At Rave Mortgage you will be the driving force in growing your business by acquiring and retaining new and existing clients. You will use your knowledge of the industry, communication skills and sales insight to build relationships with borrowers, clients and Realtors to educate and assist in acquiring home financing.
Position Requires:
· 3 (Preferred) years of demonstrated success as a Mortgage Loan Originator (MLO)
· Active MLO license through the NMLS or the ability to obtain
· Active MLO in IOWA and or ILLINOIS (Highly Preferred)
· Driven, motivated, self-starter with history of sales success
· Success in managing the entire mortgage process, from application to closing
· Excellent communication and persuasion skills
· Must be a sales professional – not an “order taker”
Job Responsibilities:
· Build and maintain relationships with Realtors, builders and other referral sources
· Team player available to coworkers, referral sources and borrowers during standard working hours as well as weekends as needed
· Provide ongoing education, support and marketing to business partners
· Deal honestly and ethically with borrowers, partners and employees
· Work directly with borrowers in qualifying, pulling credit, running AUS, pricing loans, collecting documents and managing expectations
Job Type: Full-time
Pay: $40,000.00 - $225,000.00 per year
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Job Type: Full-time
Pay: $40,000.00 - $150,000.00 per year
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Work Location: In person
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