Community Reinvestment Act (CRA) Loan Of

Charlesbridge • Dedham, MA • 1h ago

Community Reinvestment Act (CRA) Loan Officer Hybrid / Dedham, MA -
Residential & Consumer Lending SUMMARY The Community Reinvestment Act
Loan Officer is responsible for representing Dedham Savings as &
Community Reinvestment Act Loan Officer in the Dedham Savings and South
Shore Bank Community Reinvestment Act Assessment Area, with the major
goal of assisting the Bank in meeting its CRA and Fair Lending goals.
Establish and maintain relationships with realtors, housing authorities,
and non-profit agencies to establish referral networks for mortgage
loans, with a focus on low-to-moderate income (LMI) and minority
borrower, and census tracts. Work with prospective customers to assist
them in identifying and securing mortgage loans and down payment
assistance programs which are appropriate for their financial
circumstances and are designed to help them achieve their homeownership
goals. Responsible for administering the loan origination process under
the policies and procedures of the Bank. Responsible for attracting and
gaining new loan prospects and referral sources. Bilingual preferred -
English and Spanish/Portuguese. ESSENTIAL DUTIES AND RESPONSIBILITIES
Originate quality mortgage loans secured by 1-4 family properties with a
focus on LMI and minority borrowers, according to the Bank?s loan
policies and procedures. Meet and reach out to local realtors, housing
authorities, and non-profit homebuyer counseling organizations to
establish relationships and referral sources for mortgage loans. Conduct
regular meetings with realtors and housing authorities on-site, at open
houses, and first-time homebuyer seminars and events to assist the Bank
in identifying new CRA products. Regular use of social media platforms
as a means of obtaining loan referrals. Regularly seek opportunities to
meet with new housing agencies and non-profit agencies to discuss
first-time homebuyer programs. Develop referral sources to meet
production targets for Low-to-Moderate Income (LMI) and minority lending
goals. Attend and participate in CRA working groups and other meetings
held as required by management. Coordinate efforts with Compliance
Department to represent the Bank in CRA initiatives, such as First-time
homebuyer seminars and webinars, which help achieve our CRA goals.
Assist with lead generation for small business, commercial real estate,
and community development loans in the assessment area. Interview
applicants to obtain and analyze required mortgage application
information, including income, assets, investments, debt, credit
history, prior bankruptcies, judgments, and liens, as well as
characteristics of the property and similar information. Identify
customers\' needs in conjunction with their financial situation and
evaluate these needs with available financial products. Recommend the
financial products that best meet the customer\'s specific needs; advise
the customer about the risks and benefits of the loan alternatives,
including the options and advantages involved; recommend terms and
conditions of mortgage loans. Follow the existing loan pipeline to
ensure conformity with terms. Ensure documentation is completed under
regulatory compliance. Communicate with the customer on an ongoing basis
to ensure they remain informed and aware throughout the process.
Communicate with attorneys, appraisers, and other vendors to ensure a
timely and efficient process, creating an exceptional customer
experience. Collaborate with management to develop and maintain strong,
mutually beneficial business relationships. After successful
registration with the National Mortgage Licensing System (NMLS) and
issuance of a valid NMLS ID, maintain active registration status with
proper annual renewal, in compliance with the S.A.F.E. Act. \$50,000.00
Base Salary + Commission Partial description, click MORE INFORMATION to
view full description.

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