Real Estate Loan Officer

Job Description Job Description

Job Summary

The Residential Loan Officer will work with individual clients to evaluate loan applications, explain available lending options, and ensure compliance with federal and state regulations. This role requires a mix of analytical skills, financial knowledge, and customer service expertise to ensure clients receive the best loan products suited to their financial situation.

Responsibilities

Meets with and interviews potential and current clients to understand their lending needs including, but not limited to, first-time mortgages, refinance of existing loans, and home equity loans

Explain loan types, terms, and conditions to clients and answer questions throughout the process

Assists clients with completion of mortgage applications, inspecting completed documents for accuracy and thoroughness

Review loan applications, gather credit histories and reports, and assess applicant's capacity to repay and default risk

Based on predetermined requirements, makes approval or denial recommendations to VP/Chief Lending Officer

Views or visits property for real estate purchase or refinance

Develops and maintains contacts with local realtors, developers, and builders to promote and encourage the use of bank services for residential mortgages

Stay updated on banking policies, lending regulations, and industry trends

Promote additional financial products and services where suitable and assist customers as needed with personal, auto, and other lending products

Performs other duties as assigned

Preferred Skills

Excellent interpersonal and customer service skills

Excellent organizational skills and attention to detail

Thorough understanding of construction and conventional loans

Proficient with Microsoft Office Suite or related software

Proficient with LaserPro

Qualifications

Bachelor's degree required.

Three years of prior experience in lending or related field preferred

Three years Fannie Mae/Freddie Mac experience preferred

Required knowledge of loan compliance regulations

Required knowledge of loan underwriting functions

Benefits

Competitive salary range: $65,000-$95,000 depending on experience and qualifications

Potential bonus pay incentives

Health, dental, and 401(k) enrollment options

Paid time off and professional development opportunities

Work Environment

Office setting, primarily in Richwood, New Jersey, with occasional travel for building relationships with local realtors, developers, and builders in the Gloucester, Cumberland, and Salem County areas. Attend client mortgage closings and organization meetings as needed.

Equal Employment Opportunity Statement

We are an equal opportunity employer and value diversity. We do not discriminate based on race, religion, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Company Description Pennsville National Bank-We Show Up!
Pennsville National Bank is a local financial institution that prides itself in knowing its customers. We're proud to be independent and committed to our community, reinvesting in local businesses, local mortgages, and local people.

Since 1969, Pennsville National Bank has served the banking needs of South Jersey. No name changes, no takeovers by mega-banks - just quality customer service in a community bank setting. We are proud of the Four Star rating we have maintained with Bankrate for several years, and we will continue to meet our customers' needs for quality financial services for many years to come. Look to Pennsville National Bank for big bank services with community bank dependability and responsiveness. Company Description Pennsville National Bank-We Show Up! Pennsville National Bank is a local financial institution that prides itself in knowing its customers. We're proud to be independent and committed to our community, reinvesting in local businesses, local mortgages, and local people. Since 1969, Pennsville National Bank has served the banking needs of South Jersey. No name changes, no takeovers by mega-banks - just quality customer service in a community bank setting. We are proud of the Four Star rating we have maintained with Bankrate for several years, and we will continue to meet our customers' needs for quality financial services for many years to come. Look to Pennsville National Bank for big bank services with community bank dependability and responsiveness.