LOAN OFFICER, SENIOR

LOAN OFFICER, SENIOR

$57, - 73,

APPLICATION DEADLINE : TARGET.

JOB SUMMARY

This position mortgage loanoriginates, packages, and underwrites housing loans for qualified applicants withinColumbia city limits;

assists in managing City-owned properties; providesexperienced leadership; performs related professional, administrative, andtechnical work as required.

The Loan Officer will present mortgage-ready loanapplications to the Program Manager to prepare for the Loan Committee'sapproval or denial.

The incumbent works within a general outline of work to beperformed and develops work methods and sequences under general supervision.

ESSENTIAL JOBFUNCTIONS :

• Manage a portfolio of affordable housing loans from application to closing, ensuring compliance with all regulatory requirements and internal policies.
• Interviews and pre-qualifies applicants for housing loans; gathers and evaluates credit reports and other documentation supporting loan eligibility;
• Intake and review applications for housing rehabilitation program; gathers and evaluates credit reports and other documentation supporting program and income eligibility;
• Prepare loan recommendations for approval or denial from Loan Committee;
• Reviews contracts for compliance with applicable regulations, policies and procedures;
• Responsible for loan processing for housing loan applicants; Prepares loan closing packages; post-closing and closed loan package shipping procedures
• Maintains inventory of City-owned properties; oversees property maintenance and sales; inspects properties approved for purchase;
• Stay informed about changes in affordable housing regulations, programs, and market trends, and incorporate this knowledge into client interactions and loan processing.
• Responsible for outreach activities and marketing programs. Participate in local real estate activities and networking as a part of marketing and growing portfolio.
• Develop and maintain relationships with affordable housing organizations, government agencies, and community partners to expand access to affordable housing resources.
• Educate clients on available affordable housing programs, eligibility criteria, and financing options.
• Conduct thorough financial assessments of clients to determine loan eligibility and affordability.
• Assist clients in completing loan applications, collecting required documentation, and navigating the underwriting process.
• Collaborate with internal staff members as required for processing loans
• The Loan Officer is responsible for loan underwriting, processing, and closing to expedite loan approvals and real estate closings.
• Provide ongoing support and guidance to clients, addressing any questions or concerns throughout the home buying process.
• Responsible for conducting and participating in homebuyer education sessions every quarter.
• Identifies past-due accounts and coordinates with loan servicer for the appropriate action to obtain payment; provide monthly report of loan pipeline status and portfolio to Program Manager, Sr.
• Coordinates credit counseling and general home-buyer counseling; makes recommendations on improving credit ratings as appropriate;
• Coordinates environmental inspections with City staff, real estate agents and / or property owners for homes financed through City lender programs;
• Recommends marketing strategy to increase public awareness of Housing Programs;
• Research and recommends housing strategies for targeted communities that utilize federal funding;
• Assists with other neighborhood / community development functions as appropriate;
• Receives and responds to inquiries, concerns, complaints and requests for assistance regarding areas of responsibility;
• Performs general administrative / clerical work as required, including preparing reports and correspondence, entering and retrieving computer data, preparing spreadsheets, copying and filing documents, attending meetings, etc.;
• Attends training, conferences, seminars, meetings, etc., to enhance job knowledge and skills; and
• Performs other related duties as assigned.

MINIMUM REQUIREMENTS TO PERFORM WORK :

• Bachelor’s degree in Business Administration, Finance, Accounting or closely related field;
• Minimum of Three (3) years ofmortgage lending experience, focusing on affordable housing programs
• Strong understanding of affordable housing regulations, including FHA, VA, USDA, and Fannie Mae / Freddie Mac guidelines.
• Demonstrated track record of successfully originating and closing affordable housing loans.
• Excellent communication and interpersonal skills, with the ability to build rapport with clients from diverse backgrounds.
• Detail-oriented with strong analytical and problem-solving abilities.
• Ability to work independently and as part of a team in a fast-paced environment.
• Proficiency in mortgage loan origination software and Microsoft Office Suite.
• Valid South Carolina Class D Driver’s License.

KNOWLEDGE, SKILLS AND ABILITIES :

• Knowledge of mathematics involving the practical application of fractions, percentages, ratios and proportions; or measurements, logarithmic or geometric construction.
• May use algebraic solutions of equations and inequalities; descriptive statistics; deductive geometry, plane and solid, and rectangular coordinates;
• mathematical classifications or schemes;
• Ability to gather, organize, analyze, examine or evaluate data or information and may prescribe action based on such data or information;
• Ability to provide information, guidance or assistance to people to directly facilitate task accomplishment; may give directions or assignments to helpers or assistants;
• Ability to perform skilled work involving rules / systems with almost constant problem- solving;
• Ability to read technical instructions, procedures, manuals and charts to solve practical problems; composing routine reports and specialized reports, forms and business letters with proper format;
• speaking compound sentences using normal grammar and word form;
• Ability to perform professional-level work requiring the application of principles and practices in a wide range of administrative, technical or managerial methods in the solution of administrative or technical problems;
• or the coordination of entry-level managerial work; requires general understanding of operating policies and procedures and the ability to apply these to complex administrative problems;

requires continuous, close attention for accurate results or frequent exposure to unusual pressures; and

Ability to guide others, requiring frequent decisions affecting co-workers and others who depend on the service or product;

works in a somewhat fluid environment with rules and procedures but with many variations from the routine.

PHYSICALDEMANDS :

The work is considered sedentaryand involves walking or standing some of the time and involves exerting up to10 pounds of force on a recurring basis or routine keyboard operations.

Thework requires the following physical abilities to perform the essential jobfunctions : balancing, climbing, crawling, crouching, feeling, fingering,grasping, handling, hearing, kneeling, lifting, mental acuity, reaching,repetitive motion, speaking, standing, stooping, talking, visual acuity, andwalking.

WORKING CONDITIONS :

Work environment involvesexposure to no known environmental hazards; and is and secure that mayperiodically have unpredicted requirements or demands and secure that mayperiodically have unpredicted requirements or demands.