Essential Job Functions
The Mortgage Loan Officer is responsible for proactively soliciting new residential mortgage business and sells BBCN mortgage products to meet established loan quality and production goals.
The Mortgage Loan Officer continually identifies, develops and maintains a quality network of bank client and industry relationships that serves as a recurring source of referrals for new mortgage lending opportunities.
A Mortgage Loan Officer’s network may consist of Real Estate professionals, builders, professional and personal contacts, as well as other valuable referral sources, and is enhanced by the Mortgage Loan Officer’s regular participation in business related development opportunities, community efforts to promote homeownership and professional organizations.
In addition, the MLO also responds to customer inquiries and referrals that are generated from other BBCN business channels, such as the Retail Branch Network and Commercial Lending.
The MLO conducts applicant interviews with prospective borrowers in order to assess the client’s financing objectives, advice clients of product/pricing policies and guidelines, and gather income, asset and credit required information.
The MLO ensures exceptional customer service by maintaining thorough knowledge of mortgage lending programs, policies, procedures and regulatory requirements, demonstrating a commitment to professional ethics, complying with all Federal and State regulatory compliance policies and adhering to Regulation B & HMDA requirements.
Job Qualifications / Requirements
Required: Must possess a minimum of 3-5 years Mortgage Lending origination experience in a regulated banking institution
Required: Demonstrated success in prospecting, generating leads, closing business and consistently meeting/exceeding production goals.
Verifiable, established network of referral business including Real Estate professionals and other centers of influence
Required: Demonstrated understanding of mortgage processing, underwriting and closing procedures.
Required: Understanding of Federal Regulations governing Consumer Real Estate Lending
Required: Ability to analyze and comprehend complex financial data and provide financial alternatives.
Required: Professional and effective interpersonal skills.
Excellent written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
Required: Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, employees, regulators, or board members.
Required: Bilingual in Korean and English
Education
Minimum Education Level: High School Diploma
Other License: Mortgage Loan Originator License
Is this License Required: Yes
Minimum Years of Experience: 5-7
Combination of Experience and Education can meet the job requirements: No
Language Requirements
English: Written: Intermediate Verbal: Fluent
Korean: Written: Intermediate Verbal: Fluent
Computer / Systems Knowledge Requirements
Microsoft Outlook: Intermediate
Microsoft Word: Intermediate
Microsoft Excel: Intermediate
Microsoft PowerPoint: Intermediate
Microsoft Access: Basic
Job Type: Full-time
Experience:
Mortgage Loan Orignation: 5 years (Required)
Education:
High school or equivalent (Required)
Location:
Los Angeles, CA 90010 (Required)
License:
Mortgage Loan Originator License (Required)
Language:
Korean (Required)