JOB SUMMARY
This position mortgage loan originates, packages, and underwrites housing loans for qualified applicants within Columbia city limits; assists in managing City-owned properties; provides experienced leadership; performs related professional, administrative, and technical work as required. The Loan Officer will present mortgage-ready loan applications to the Program Manager to prepare for the Loan Committee's approval or denial. The incumbent works within a general outline of work to be performed and develops work methods and sequences under general supervision.
ESSENTIAL JOB FUNCTIONS:
- 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.
PHYSICAL DEMANDS:
The work is considered sedentary and involves walking or standing some of the time and involves exerting up to 10 pounds of force on a recurring basis or routine keyboard operations. The work requires the following physical abilities to perform the essential job functions: balancing, climbing, crawling, crouching, feeling, fingering, grasping, handling, hearing, kneeling, lifting, mental acuity, reaching, repetitive motion, speaking, standing, stooping, talking, visual acuity, and walking.
WORKING CONDITIONS:
Work environment involves exposure to no known environmental hazards; and is and secure that may periodically have unpredicted requirements or demands and secure that may periodically have unpredicted requirements or demands.
Job Type: Full-time
Pay: $57,458.00 - $73,259.00 per year
Benefits:
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Professional development assistance
- Retirement plan
- Tuition reimbursement
Payment frequency:
Schedule:
- 8 hour shift
- Monday to Friday
Work setting:
Education:
Experience:
- Mortgage Lending: 3 years (Required)
Ability to Commute:
- Columbia, SC 29201 (Required)
Work Location: In person