CRA Loan Specialist
Core
Originate residential 1st mortgage loans for branch offices and outside referrals, focusing on selling CRA products to low to moderate-income individuals, areas, and non-profit organizations.
Role type
Residential mortgage loan specialist (CRA focus)
Builds
Residential mortgage loans
Domain
Banking / Real Estate Lending
Required skills
Residential mortgage processing, underwriting, closing procedures, federal lending regulations, sales technique, organizational skills, computer skills
Preferred skills
Four-year college degree, knowledge of conventional and government lending guidelines
Technologies
Fannie Mae form 1003, Loan Prospector, LOMAS, NMLS
Responsibilities
Develop CRA prospects & referral contacts, conduct homebuyer-training seminars, collect applicant documentation, manage loan pipeline through closing, communicate with applicants and referral sources, complete required management reports
Seniority
Individual Contributor