Residential Loan Originator job vacancy in Institution for Savings – Jobs in Massachusetts

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Job Details
Company Name : Institution for Savings
Company Location : Newburyport, MA 01950
Job Position : Residential Loan Originator
Job Category : Jobs in Massachusetts

Job Description :

The Institution for Savings, one of the oldest and most stable mutual banks in the country and the largest mutual savings bank on the North Shore, is seeking a Residential Loan Originator. This is an in-house position with a base salary plus quarterly incentives. Primary responsibilities include examining, evaluating, and authorizing and/or recommending approval of customer applications for residential real estate loans.
Additional Responsibilities:

  • Requests property appraisals, applicant credit reports, background checks, reference checks, and other information pertinent to loan applicant’s evaluation.
  • Analyzes applicant financial status, credit, and property evaluation to determine feasibility of granting loans and/or submits applications to credit analyst for verification and recommendations.
  • Corresponds with or interviews applicants or creditors to resolve questions regarding applicant information.
  • Compiles loan packages and facilitates negotiation with applicants pursuant to Bank standards, including fees, loan repayment options and other credit terms.
  • Ensures loan agreements are complete and accurate according to policy.
  • Assures timely loan closing and funding activities.
  • Promotes and cross-sells other bank products and services as appropriate to customer.

Job Qualifications:

  • Bachelor’s degree preferred or a minimum of five years demonstrated successful work-related experience in all aspects of residential rending including secondary market.
  • Fluent in Spanish with excellent communication skills, both written and verbal. Effective interviewing and presentation skills.
  • Strong analytical and quantitative skills and proven problem-solving ability.
  • Self-motivated, proactive, and goal oriented; enjoys generating new business and developing long-term relationships.
  • Utilizes strong organization skills to perform and prioritize a high volume of tasks simultaneously.
  • Consistently achieves goals and meets strict deadlines while maintaining excellent attention to context, substance and detail.
  • Embraces the team-oriented culture and works collaboratively across the Bank to support the Bank’s strategic growth plans.
  • Microsoft Excel and Microsoft Word experience required. Knowledge of Encompass and Jack Henry software preferred but not required.

This position is full-time with fully paid medical, dental and vision insurance, as well as dollar-for-dollar 401(k) match up to 10%; life insurance; disability plan; pension plan after 2 years of service; and generous vacation and paid-time off.

Job Type: Full-time

Pay: $75,000.00 – $120,000.00 per year

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Flexible spending account
  • Health insurance
  • Health savings account
  • Paid time off
  • Parental leave
  • Professional development assistance
  • Retirement plan
  • Vision insurance

Physical setting:

  • Office

Schedule:

  • 8 hour shift

Supplemental pay types:

  • Bonus pay

Work Location: One location

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