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CRA Mortgage Loan Originator

Orrstown Bank
Posted a month ago, valid for 19 days
Location

Spry, PA, US

Salary

$50,000 per year

Contract type

Full Time

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Sonic Summary

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  • The position involves originating mortgage applications in low-to-moderate income neighborhoods and to borrowers in similar financial situations.
  • Candidates must participate in Community Reinvestment Act (CRA) activities and adhere to federal registration requirements under the SAFE Act.
  • A high school diploma is required, with a college degree preferred, alongside a minimum of two years of loan experience and advanced banking training.
  • The role demands strong attention to detail and proficiency in communication, problem-solving, and knowledge of mortgage underwriting and lending regulations.
  • The base salary for this position is $50,000, plus commission.

Position Summary: 

Originate mortgage applications within low-to-moderate income neighborhoods and to low-to-moderate income borrowers. Participate in Community Reinvestment Act (CRA) related activities and functions within Orrstown Bank region. Must adhere to the requirements of federal registration under the SAFE Act.  Market bank wide proprietary CRA products, in branches as well as outside organizations such as real estate firms, housing agencies, etc.

 

Qualifications:

High school diploma or equivalent; college degree preferred.

 

Minimum of two (2) years loan experience with prior advanced banking training through AIB, PB, ABA, etc. preferred.

 

High level of attention to detail; proficient reading, verbal and written communication, mathematical, computer, problem solving, decision making, and interpersonal relations skills; self-starter showing initiative; work autonomously as well as part of a team; strong working knowledge of mortgage underwriting, loan documentation, conventional and government lending guidelines, federal lending regulations governing real estate lending and residential mortgage processing, closing procedures, appraisals and contracts; and features and benefits of Bank loan products and services; 


There is a $50,000 base salary plus commission.

 




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