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Mortgage Lending Specialist I
Overview: About CIT
CIT (NYSE: CIT) was born in 1908 when Henry Ittleson found a new way to make financing available to businesses in St. Louis, Missouri. Soon CIT was forging paths across the country, into Canada and overseas. But time and experience have produced innovations unimagined a century ago. True to its pioneering legacy, CIT remains an agent of opportunity, providing new resources and fresh perspectives to over one million clients across thirty industries around the globe.
CIT is a financial holding company. It provides financing, leasing and advisory services principally to middle market companies across more than 30 industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A.
For more than 100 years, CIT has steadily innovated, providing carefully tailored financing solutions to meet the needs of a changing global economy. Along the way, CIT continually redefined what it means to be a financing partner, providing ideas as well as capital to build businesses - and relationships - that have endured for decades.
Responsibilities: The Mortgage Lending Specialist (MLS) will be responsible for sourcing and originating compliant conforming and jumbo residential mortgage loans.
The essential functions of the job include, but are not necessarily limited to, the following:
-Ensures an efficient and compliant mortgage origination process from application to funding by working directly with internal and external groups
-Primarily, the MLS will be responsible for fielding inbound telephone inquiries, performing outbound telephone dialing to mortgage prospects, and handling leads from OWB's website
-Secondarily, the MLS may be responsible for leads generated from OneWest's retail bank branches, internal business unit and employee referrals, vendor and business client affinity referrals, among others.
-Proactively manage individual mortgage pipelines to ensure contingency dates and turn time standards are achieved
-Conducts interviews with prospective borrowers in order to analyze financial and credit data, determine customer financing objectives, advise customers of product/pricing policies and guidelines, and gather any additional required information
-Practices exceptional customer service by maintaining thorough knowledge of OneWest's lending programs, policies, procedures and regulatory requirements, demonstrating a commitment to professional ethics, complying with all federal and state compliance policies and adhering to the Home -Mortgage Disclosure Act requirements
-The MLS may be asked to participate on trade shows, hosted events, community events with the goal of generating mortgage referrals and applications
If bank-generated lead volume is not sufficient, the MLS will be required to solicits mortgages from external sources such as Realtors, accountants, lawyers, business managers, open houses and trade shows
Qualifications: 2-5 years in the mortgage lending industry
Experience as a producing loan officer with a proven record of funding 5 loans per month
Must provide most recent two years W-2s to indicate past production performance
Bachelor's Degree preferred / High School Diploma required