VP-Mortgage & Consumer Lender

Company Name:
Summary: Makes and services a variety of moderate to large, secured and unsecured mortgage, consumer construction, and retail loans. Develops and manages mortgage, consumer construction, and consumer loan accounts that meet established lending requirements and provide maximum profitability for the bank at minimum risk. Provides service to customers and prospective customers seeking mortgage, consumer construction, and retail loans. Operates within substantial lending authority.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
1. Interviews applicants interested in obtaining mortgage, consumer construction, and retail loans.
1. Interviews customers to gather credit application information concerning desires, abilities and earnings to determine loan needs.
2. Explains loan options, rates, terms, and collateral requirements.
3. Arranges loan decision and notification dates.
4. Cross-sells applicable insurance and other bank related products and services associated with the loan.
5. Work with commercial lenders to manage the building phase of consumer construction loans.
2. Underwrites mortgage and retail loans.
1. Orders credit report and verifies necessary data.
2. Prepares loan documents and analyzes debt-to-income ratio.
3. Evaluates and determines credit-worthiness according to the bank's credit policies.
4. Arranges for appraisal of residential properties or collateral.
3. Makes credit decision to approve or decline loans within credit limits, or by committee approval.
1. Makes mortgage, consumer construction, and retail loans to customers within credit authority limits.
2. Communicates credit decision to loan applicants.
3. Negotiates credit terms and repayment schedules within established guidelines.
4. Initiates written notification of adverse action for all appropriate loans.
5. Keeps informed of changing rules and regulations pertaining to private and government insured mortgages, consumer construction, and consumer lending.
4. Schedules, coordinates, and conducts loan closing.
1. Reviews loan documents with customers.
2. Obtains customer's signature on loan documents.
3. Reviews document after closing to ensure accuracy of transaction.
4. Initiates disbursement of loan proceeds.
5. Follows up on any post-closing documentation required by secondary market investors.
5. Services loans in portfolio to retain high loan quality level.
1. Reviews progress of loans on a periodic basis. Monitors and follows-up on loan maturities and renewals.
2. Monitors the delinquent reports and takes appropriate corrective action.
3. Corresponds with customers with delinquent accounts, counsels borrowers to bring accounts current. Provide guidance to customers seeking solutions to financial problems.
4. Handles follow-ups, collections, or problem loans or may personally visit delinquent customers.
5. Works in concert with internal and external auditors to ensure compliance with bank policies and procedures and federal and state regulations.
6. Develops new business and expands existing relationships.
1. Participates in civic and community activities to generate visibility and contacts for the bank.
2. Cross-sells retail products and services.
3. Makes sales calls to existing and prospective clients to determine clients financial needs.
4. Develops relationships with realtors, builders, and developers.
7. May perform two or more of the following functions:
1. Coordinates collection activities of credits within portfolio.
2. Oversee processing of mortgage, consumer construction, and retail loan documents and file maintenance within portfolio.
3. Provide guidance to less experienced mortgage and retail lenders.
4. Retrieves collateral when account is deemed uncollectible or makes arrangements for outside assistance.
Maintains control of the foreclosed asset and dispose of the property to minimize losses
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience: Bachelor's degree (B. A.) from four-year college or university in a business related field, a minimum of five years mortgage lending experience and a minimum of three years consumer lending experience.
Language Skills: Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.
Mathematical Skills: Ability to calculate figures and amounts such as discounts, interest, commissions, and percentages.
Reasoning Ability: Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Computer Skills: To perform this job successfully, an individual should have knowledge of Spreadsheet software, Word Processing software, e-mail, and internet.
Other Skills and Abilities:
Expert knowledge of Secondary Market Real estate lending function; operations, processes, and procedures
Working knowledge of:
1. Federal and state regulations pertaining to real estate lending
2. Real estate loan credit analysis
3. Mortgage loan closing process and procedures
4. CRA policy (Community Reinvestment Act)
5. Collateral collection procedures
6. Bankruptcy and foreclosure procedures
7. Rules and regulations of private and government insured mortgages
Other Qualifications: Must be able to travel between bank locations and to business calls using own transportation.
Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this Job, the employee is regularly required to sit; use hands to finger or handle; reach with hands and arms and talk or hear. The employee is frequently required to walk. The employee is occasionally required to stand; climb, kneel, or crouch. The employee must occasionally lift and/or move up to 20 pounds. Specific vision abilities required by this job include close vision, color vision, peripheral vision and depth perception.
Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
VisionBank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, and veteran and/or disability status.
Location Description:
104 Chestnut
Ames, IA 50010
Position: VP-Mortgage & Consumer Lender
Location: Ames - Chestnut St.

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