Residential Loan Officer – CRA Base, Racine at Associated Bank in Milwaukee, Wisconsin

Posted in Real Estate 28 days ago.

This job brought to you by eQuest

Type: Full-Time





Job Description:

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants with a disability who need assistance applying for a position with Associated Bank are asked to email: careers@associatedbank.com

Job Summary
Responsible for the origination of regulatory compliance residential loan applications, particularly for low and moderate income borrowers and in low and moderate income CRA assessment areas, by developing client referral sources including realtors, home buyer counseling agencies, builders, and branch bankers. Responsible for expanding and deepening customer relationships by identifying customers' needs and matching their needs with product selections and resources within the colleague's assigned business line and across all business lines of Associated Bank. Monitor the expedient processing of loan applications through regular contact with loan processors and manage the loan pipeline. Participate in community organizations with the goal of increasing CRA visibility for Associated Bank and making loans to low and moderate income borrowers. This position requires obtaining a Mortgage Life & Disability Insurance License within 90 days of employment.


This position requires a credit check per 12 CFR Chapter X, Part 1026, Truth in Lending, Regulation Z.


Compliance Statement
Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR. Responsible to report ethical concerns as needed to Associated’s anonymous Ethics Hotline.
Operates in full compliance with internal policies and procedures as well as applicable regulations and laws, including but not limited to Bank Secrecy Act/Anti-Money Laundering and S.A.F.E. Act requirements. Must submit required information to meet registry requirements, obtain a unique identifier, and maintain the registration requirements as directed by the S.A.F.E Act.


Key Result Areas

  • Sales
  • Regulation and Compliance
  • New business development
  • Sales and activity tracking

    Job Accountabilities

  • Accept residential mortgage loan applications from customers. Review applications for regulatory compliance with Bank, industry, and agency guidelines. Notify in a timely manner those applicants who do not qualify. Begin the processing of qualified applications as quickly as possible. Monitor the processing of the loan in accordance with Bank policies and procedures and regulatory compliance requirements.
  • Active solicitation and origination of mortgage loan programs to low to moderate targeted areas, and low to moderate income individuals. Serve as the liaison to local, state, and federal government agencies, as well as not for profit community development groups.
  • Promote the Bank's loan programs in the community through regular contact with real estate brokers/builders, and other centers of influence who can make client referrals.
  • Identify needs and refer customers to business partners within and across lines of business who can best meet those needs.
  • Follow up on leads generated by personal effort, regular contact from within the industry, call-in/walk-in inquiries, in addition to the support enhancements from Bank advertising, and direct mail efforts.
  • Conduct loan pre-qualification interview and recommend the most appropriate available loan programs, based on a pre-qualification interview. Maintain a file of loan leads that do not immediately result in a formal application. Follow up on leads regularly until they apply for a loan with the Bank, apply for a loan with another lender, or withdraw from the mortgage market.
  • Conduct all mortgage loan solicitation, origination, processing, and closing within the regulations of ECOA, RESPA, and other regulatory body requirements now in effect and those in the future, as they become effective.
  • Cross-sell other Bank products and services to established cross-sale targets including checking accounts, savings accounts, home equity loans/lines, and mortgage life & disability insurance.

  • Prepare records and reports as requested regarding loan solicitation, origination, and closing activities.


  • Education

  • Bachelor's Degree or equivalent combination of education and experience , Required

    Experience

  • 2-4 years Residential loan processing or origination experience with a financial institution or mortgage banking company., Required

    Skills

  • Verbal Communication , Advanced
  • Written Communication , Advanced
  • Computer Systems (specify) Proficiency with typewriter, financial calculator, Bank data processing system, and personal computer.,
  • Mathematical , Advanced

    General Physical Condition


  • No unusual physical effort, strain, or discomfort