Mortgage Community Development Loan Officer

The Mortgage Community Development Loan Officer is focused on growing and developing homeownership opportunities for low-to-moderate income (LMI) individuals, families and communities of color. Under minimum supervision, this position will originate and be an area market expert for loans that meet regulatory, investor and bank portfolio guidelines; including but not limited to Housing Finance Agency, first-time homebuyer, affordable lending and down payment assistance programs.

The Mortgage Community Development Loan Officer will lead and coordinate community development activities and build and maintain strong relationships with nonprofit organizations,  other community partners, and bank partners. This position is a community connector that is driven by the goal of supporting financial empowerment and generational wealth building by providing successful and sustainable homeownership opportunities with a focus on closing the homeownership disparity gap.  This role reports to the Area Manager with dotted line to the National Community Development Manager.

Primary Duties:

 

    Mortgage Loan Originations 

• Originate compliant mortgage loans with a focus on, but not limited to, LMI and communities of color:

• Responsible for knowing and complying with all Federal and investor regulations, requirements, and bank policies.
• Gather all information necessary for documentation, analysis, disclosure and underwriting loan applications
• Advise customers on mortgage loans that are appropriate for their individual financial circumstances.
• Maintain high standards of client satisfaction and quality, and ensure sales/originator systems and workflows are efficiently controlled.
• Ensure loans in process are moving through the pipeline by regularly reviewing pipeline, communicating with borrowers and processors on additional items needed, interacting with title companies, realtors, attorneys, etc.
• Manage client referrals to ensure all new customers are introduced to local branches and other appropriate business lines.

• Originate a minimum of 3 loans per month or 36 loans per year.

 

Community Development (approximately 1/3 to 1/2 of time)

Community Engagement, Outreach and Training

• Develop and maintain strategic relationships with community partners.
• Maintain list of key strategic community partners.
• Conduct financial wellness, homebuyer education workshops, and homeownership seminars with local community and affordable housing partners.
• Represent Bell at community focused events and meetings.
• Coordinate and staff Bell Sponsored, community and partner events and activities for the market area (e.g., housing fairs, community event vendor booths, nonprofit events, etc.).
• Track and report out on all community development activities (date, event/training, targeted market reached, est. # of attendees, evaluation, notes, etc.)
• Attend affordable homeownership programs and services educational seminars, trainings, and workshops.
• Attend Bell enterprise-wide Community Development trainings.

 

Market Area Community Development Goals and Activities:

• Be accountable to goals set out in the market area Community Development (CD) Business Plan.
• Track goal progress and report out to leadership.
• Track industry and production trends and propose adjustments to the CD Business Plan and goals as needed.
• Track and measure against CRA and/or Fair Lending targets for the market area.
  • % of mortgage originations in LMI and minority communities.
  • % of Mortgage originations to LMI and minority borrowers.
• Develop strong relationships and communication channels with Bell partners (e.g., Bell Bank, Community Reinvestment Act (CRA), Operations, Compliance, etc.).
• Participate in regularly scheduled meetings with Bell partners and provide updates, training, or report outs as appropriate.
• Communicate local Community Development training and volunteer opportunities to area staff.
• Recognize, share and celebrate Community Development stories and successes!
• Be a Community Development and Diversity, Equity and Inclusion champion.
• Know by name and face as many partners, customers and employees as possible, calling them by name as often as pos