Mortgage Loan Officer

Sauk Valley Bank • Harvard, IL • 17h ago

This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/13396724

FLSA: Non-Exempt

Hours: Monday - Friday 8:00 5:00

SUMMARY

The Mortgage Loan Officer (MLO) is responsible for originating residential mortgage loans through relationship-based sales, referral development, and community engagement within an assigned market area. The MLO manages the loan relationship from initial borrower contact through application and underwriting submission, serving as the primary point of contact for borrowers, Realtors, attorneys, and referral partners.\

The MLO is accountable for the accurate collection of borrower information, preparation of required disclosures, and compliance with all applicable federal and state regulations, including TRID. This role works in close partnership with Processing, Underwriting, Closing, and Mortgage Operations to ensure loans are originated accurately, disclosed properly, and delivered efficiently while maintaining a high-quality borrower experience.

ESSENTIAL DUTIES

Loan Origination & Relationship Management

Generate self-sourced mortgage loan applications through Realtors, builders, financial centers, community involvement, and other referral sources.\
Conduct borrower consultations to assess financial needs, explain loan options, and recommend appropriate mortgage products.\
Serve as the primary relationship manager for borrowers and referral partners throughout the loan origination process.\
Maintain strong communication with Realtors, attorneys, and other transaction participants to support timely closings.

Application Intake & Documentation Accuracy
Complete and submit mortgage loan applications using the banks Loan Origination System (LOS).\
Collect, review, and validate borrower-provided documentation for completeness, consistency, and accuracy prior to submission to Processing.\
Ensure borrower information, loan terms, and application data accurately reflect borrower intent at time of application.\
Monitor applications and supporting documentation to identify red flags and mitigate potential fraud risk.

Disclosures & TRID Accountability
Prepare and issue required initial and subsequent loan disclosures, including Loan Estimates, in compliance with TRID timing and content requirements.\
Maintain responsibility for the accuracy of disclosed loan terms, fees, and program selection based on information known at time of disclosure.\
Communicate changes in loan terms, fees, or structure promptly to Processing and Closing to ensure timely redisclosure when required.\
Partner with Processing and Closing to resolve disclosure-related discrepancies and tolerance concerns.\
Maintain documentation supporting disclosure decisions and changes.

Pipeline Management & Cross-Functional Coordination
Actively manage assigned loan pipeline to ensure timely movement from application through underwriting and closing.\
Coordinate closely with Processors to resolve documentation needs and borrower follow-up.\
Collaborate with Underwriters to clarify loan structure, conditions, and borrower scenarios.\
Support Closers by ensuring loan terms and disclosures accurately reflect final approved structure.\
Escalate complex or time-sensitive files to Mortgage Operations leadership when appropriate.

LOS Proficiency & Continuous System Readiness
Maintain a working knowledge of the banks Loan Origination System (LOS) and related mortgage technology platforms.\
Stay current on LOS enhancements, updates, workflow changes, and new function\ \ \ \ Equal employment opportunity, including veterans and individuals with disabilities.\ \

PI283601740

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