Residential Loan Officer (Spanish-speaking)
Amalgamated Bank
Amalgamated Bank seeks a Spanish-speaking Residential Loan Officer to manage and proactively solicit new residential mortgage and HELOC loan applications, interact with Spanish-speaking customers and referral sources as well as accept and complete all loan application files. To ensure a good volume of high-quality mortgage originations for the bank’s portfolio and for sale to institutional investors. This is a hybrid role based out of our DC location..
By joining our team, you’ll be joining a Bank that believes that that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers.
Essential Job Functions:
+ Develop new residential mortgage production by calling on both internal and external referral sources
+ Interact with customers seeking information about mortgage loan products by phone, in person at a branch location or through the Banks website
+ Represent the bank to potential referral sources including real estate brokers, builders or developers, financial professionals, financial planners and CPA’s
+ Compile loan documentation, review customer documents for accuracy. Ensure all conditions and requirements for processing and closing have been met including obtaining & reviewing 1003s, sales contracts, disclosures, tax returns, paystubs and other proofs of income
+ Perform all tasks as required to originate loans in compliance with all federal and state regulations and with company standards in areas of customer satisfaction, speed and efficiency
+ Coordinate preliminary loan underwriting, pre- qualification, and mortgage counseling
+ Knowledge and understanding of all mortgage regulations including Reg B, Reg Z, HMDA, RESPA, FRCA, TRID, and the SAFE Act
+ Knowledge and understanding of all mortgage documents & forms to include but not limited to loan estimate disclosure, endorsements, assignments, underwriting transmittals, notices to applicants, commitments, attorney letters and other documents as needed. Process and set up all loan information on the system
+ Assist in tracking rates and preparing rate surveys of mortgage products
+ Assist in the loan process as needed
+ Knowledge of secondary market and agency guidelines for mortgage underwriting, and Appendix Q guidelines for documenting income and debts for mortgage loan applications
+ Perform other duties as directed
Knowledge, Skills and Experience Requirements:
+ Bachelor’s Degree preferred or equivalent, combination of education, training, and experience
+ Minimum 2 + years of mortgage banking experience preferable in a production role
+ Fluent in Spanish a must
+ Encompass experience preferred
+ Good computer skills, proficiency in Word, Excel, and Windows
+ Experience with front-end loan processing system, preferably Encompass
+ Ability to travel and meet customers after hours
+ Must be NMLS registered or able to become NMLS approved
Our job titles may span more than one career level. The base salary for this role is $62,400.00 plus commissions. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.
Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans . (https://www.eeoc.gov/sites/default/files/migrated\_files/employers/poster\_screen\_reader\_optimized.pdf) AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement (https://www.amalgamatedbank.com/sites/default/files/pay-transparency.pdf) . Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.
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