Affordable Housing Originator

Assists in the development, implementation, and reporting of CRA-related loan tracking, loan programs and all activities designed to maintain a high satisfactory rating for NBT Bank, N.

A. with the Community Reinvestment Act. Assists with coordination and compilation of Residential Mortgage Lending for Mock CRA Exam.

Acts as the primary contact for a designated group of non-profit housing partners that manage grant programs and educational seminars for eligible LMI first time home buyers.

Responsible for originating residential mortgage loans, to include emphasis on the Affordable Housing products, according to established policies, procedures and regulatory guidelines.

Education and Experience :

• Associate Degree with emphasis on Business / Finance or equivalent education and experience
• 2 or more years experience in Residential Lending as sales or operations employee
• 1 or more years experience working with non-profit housing partners and Federal / State grant programs

Skills and Abilities :

• Complete understanding of Mortgage Banking loan policy, products and procedures.
• Complete understanding of CRA & Banking Regulations.
• Working knowledge of workflow application, disclosures, closing and upload.
• Strong analytical and organizational skills.
• Strong written and oral communication skills.
• Excellent customer service skills.
• Knowledge of current compliance and regulatory guidelines with an approved NMLS number.
• Knowledge of Mortgage Banking underwriting application systems such as MortgageBot and Mortgage Builder.

Unique Job Characteristics and Requirements :

Business Travel required as needed between Bank Office and all designated non-profit housing agencies, realtors, etc. , as well as various bank branches and regional business partner meetings, Conferences, Professional Organizations and role related Training.

NMLS Certification required or ability to obtain upon hire.

Tasks Performed :

45% Establishes relationships and maintains active business development calls with all non-profit housing partners in a designated territory.

Maintains an active database of the various grant program options available through these partners and trains the other Loan Originators in the designated territory on the programs.

25% Originates residential mortgage loans, to include emphasis on the Affordable Housing products, according to established policies, procedures and regulatory guidelines, within their home base market.

Explains a variety of mortgage products and associated closing costs, negotiates loan terms and conditions, and finalizes sales.

Maintains primary customer and non-profit housing partner responsibility from application thru to loan closing.

• 20% Assists Bank CRA Officer, Residential Mortgage Banking Manager, and Sales Manager in the development, implementation, and reporting of CRA-related loan tracking, loan programs and all CRA-related business development activities, including recommendations for additional loan programs and special financing offerings
• 5% Assists with coordination and compilation of Residential Mortgage Lending for Mock CRA Exam for submission to the Executive Management Team to monitor and gage progress meeting Lending Test minimums in all state Assessment Areas, including recommendations for additional loan programs and special financing offerings.
• 5% Other duties as assigned.

Physical Requirements :

• Communicate effectively with internal and / or external customers
• Stationary 50% of time
• Move about within or between locations
• Bend, Twist, Crouch, Squat
• Move Objects to Maximum 10 lbs
30+ days ago