The Role of a Community Banking Mortgage Officer
In the diverse field of banking, a multitude of roles exist, each with its own unique set of responsibilities and requirements. One such position is that of a Community Banking Mortgage Officer, a crucial role that serves as a bridge between the bank and the community it serves. This position calls for a sharp individual capable of developing new business, originating quality mortgage loans, and expanding relationships with current customers, all within the guidelines and procedures established by the bank [1].
Responsibilities of a Community Banking Mortgage Officer
The Community Banking Mortgage Officer plays a vital role in assisting low to moderate income individuals. They provide personalized, comprehensive, and affordable home counseling services. This helps individuals understand what they need to do to own a home, from creating a budget to overcoming common roadblocks that may prevent home ownership. The officer also provides action plans for next steps towards home ownership.
Furthermore, the officer acts as an outside representative of the bank to real estate brokers, residential home builders, and other referral sources. They also liaise with partners who can assist with loan applications for low to moderate income borrowers and in low to moderate CRA assessment areas.
Education & Experience
Given the nature of the role, a Community Banking Mortgage Officer must possess strong oral and written communication skills, sales and customer service skills, and knowledge of lending regulations and the bank’s underwriting guidelines and lending policies. They must also understand loan types and documents.
As for education, a high school diploma is required. However, at least 2 years of related mortgage lending or operations experience is preferred. Previous sales experience and the ability to speak Spanish are also preferred.
Benefits and Compensation
The role of a Community Banking Mortgage Officer comes with a competitive Total Rewards package including 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance, and long-term disability, among other benefits. The base pay range for this role is $47,500 – $60,000 annually.
Equal Opportunity
It’s worth noting that Busey values a diverse and inclusive workplace and strives to recruit, develop, and retain individuals with exceptional talent. Busey is an Equal Opportunity Employer including Disability/Vets, demonstrating their commitment to a diverse and inclusive work environment.
In conclusion, the Community Banking Mortgage Officer plays a crucial role in the banking sector. They not only contribute to the financial growth of the institution but also play a vital role in the community by helping individuals achieve their dream of home ownership.
For more information about the role and to apply, click Here.
