Community Loan Originator
Core
Evaluates and coordinates community development loans for first-time homebuyers and low-to-moderate income borrowers, specializing in FHA, Bond Programs, and down payment assistance.
Role type
Community Loan Originator (MLO)
Builds
Residential mortgage loans for underserved communities
Domain
Banking / Community Development / Real Estate
Required skills
Loan evaluation, compliance with banking regulations, NMLS registration, borrower interviewing, document collection, closing coordination, regulatory updates
Preferred skills
Bachelor's degree, 2-4 years banking experience, community lending specialization
Technologies
NMLS, FHA programs, Bond Programs
Responsibilities
Review and evaluate current loans for compliance; Interview loan applicants to document income, debt, and credit history; Coordinate closing with borrowers, agents, and realtors; Maintain referral networks with non-profits and realtors; Stay current with federal and state banking regulations; Prepare borrowers for the loan process and inform them of costs; Submit applications to processors for verification.
Seniority
Entry to Mid-level, individual contributor