LOAN OFFICER, SENIOR Job at City of Columbia, Columbia, SC

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  • City of Columbia
  • Columbia, SC

Job Description

LOAN OFFICER, SENIOR

113

$57,458.00 - 73,259.00

APPLICATION DEADLINE: TARGET. HIRE.DATE

JOB SUMMARY This position mortgage loanoriginates, packages, and underwrites housing loans for qualified applicants withinColumbia city limits; assists in managing City-owned properties; providesexperienced leadership; performs related professional, administrative, andtechnical work as required. The Loan Officer will present mortgage-ready loanapplications to the Program Manager to prepare for the Loan Committee'sapproval or denial. The incumbent works within a general outline of work to beperformed and develops work methods and sequences under general supervision.

ESSENTIAL JOBFUNCTIONS:
  • Manage a portfolio of affordable housing loans from application to closing, ensuring compliance with all regulatory requirements and internal policies.
  • Interviews and pre-qualifies applicants for housing loans; gathers and evaluates credit reports and other documentation supporting loan eligibility;
  • Intake and review applications for housing rehabilitation program; gathers and evaluates credit reports and other documentation supporting program and income eligibility;
  • Prepare loan recommendations for approval or denial from Loan Committee;
  • Reviews contracts for compliance with applicable regulations, policies and procedures;
  • Responsible for loan processing for housing loan applicants; Prepares loan closing packages; post-closing and closed loan package shipping procedures
    Maintains inventory of City-owned properties; oversees property maintenance and sales; inspects properties approved for purchase;
  • Stay informed about changes in affordable housing regulations, programs, and market trends, and incorporate this knowledge into client interactions and loan processing.
  • Responsible for outreach activities and marketing programs. Participate in local real estate activities and networking as a part of marketing and growing portfolio.
  • Develop and maintain relationships with affordable housing organizations, government agencies, and community partners to expand access to affordable housing resources.
  • Educate clients on available affordable housing programs, eligibility criteria, and financing options.
  • Conduct thorough financial assessments of clients to determine loan eligibility and affordability.
  • Assist clients in completing loan applications, collecting required documentation, and navigating the underwriting process.
  • Collaborate with internal staff members as required for processing loans
  • The Loan Officer is responsible for loan underwriting, processing, and closing to expedite loan approvals and real estate closings.
  • Provide ongoing support and guidance to clients, addressing any questions or concerns throughout the home buying process.
  • Responsible for conducting and participating in homebuyer education sessions every quarter.
  • Identifies past-due accounts and coordinates with loan servicer for the appropriate action to obtain payment; provide monthly report of loan pipeline status and portfolio to Program Manager, Sr.
  • Coordinates credit counseling and general home-buyer counseling; makes recommendations on improving credit ratings as appropriate;
  • Coordinates environmental inspections with City staff, real estate agents and/or property owners for homes financed through City lender programs;
  • Recommends marketing strategy to increase public awareness of Housing Programs;
  • Research and recommends housing strategies for targeted communities that utilize federal funding;
  • Assists with other neighborhood / community development functions as appropriate;
  • Receives and responds to inquiries, concerns, complaints and requests for assistance regarding areas of responsibility;
  • Performs general administrative / clerical work as required, including preparing reports and correspondence, entering and retrieving computer data, preparing spreadsheets, copying and filing documents, attending meetings, etc.;
  • Attends training, conferences, seminars, meetings, etc., to enhance job knowledge and skills; and
  • Performs other related duties as assigned.
MINIMUM REQUIREMENTS TO PERFORM WORK:
  • Bachelor's degree in Business Administration, Finance, Accounting or closely related field;
  • Minimum of Three (3) years ofmortgage lending experience, focusing on affordable housing programs
  • Strong understanding of affordable housing regulations, including FHA, VA, USDA, and Fannie Mae/Freddie Mac guidelines.
  • Demonstrated track record of successfully originating and closing affordable housing loans.
  • Excellent communication and interpersonal skills, with the ability to build rapport with clients from diverse backgrounds.
  • Detail-oriented with strong analytical and problem-solving abilities.
  • Ability to work independently and as part of a team in a fast-paced environment.
  • Proficiency in mortgage loan origination software and Microsoft Office Suite.
  • Valid South Carolina Class "D" Driver's License.
KNOWLEDGE, SKILLS AND ABILITIES:
  • Knowledge of mathematics involving the practical application of fractions, percentages, ratios and proportions; or measurements, logarithmic or geometric construction. May use algebraic solutions of equations and inequalities; descriptive statistics; deductive geometry, plane and solid, and rectangular coordinates; mathematical classifications or schemes;
  • Ability to gather, organize, analyze, examine or evaluate data or information and may prescribe action based on such data or information;
  • Ability to provide information, guidance or assistance to people to directly facilitate task accomplishment; may give directions or assignments to helpers or assistants;
  • Ability to perform skilled work involving rules/systems with almost constant problem- solving;
  • Ability to read technical instructions, procedures, manuals and charts to solve practical problems; composing routine reports and specialized reports, forms and business letters with proper format; speaking compound sentences using normal grammar and word form;
  • Ability to perform professional-level work requiring the application of principles and practices in a wide range of administrative, technical or managerial methods in the solution of administrative or technical problems; or the coordination of entry-level managerial work; requires general understanding of operating policies and procedures and the ability to apply these to complex administrative problems; requires continuous, close attention for accurate results or frequent exposure to unusual pressures; and
  • Ability to guide others, requiring frequent decisions affecting co-workers and others who depend on the service or product; works in a somewhat fluid environment with rules and procedures but with many variations from the routine.
PHYSICALDEMANDS: The work is considered sedentaryand involves walking or standing some of the time and involves exerting up to10 pounds of force on a recurring basis or routine keyboard operations. Thework requires the following physical abilities to perform the essential jobfunctions: balancing, climbing, crawling, crouching, feeling, fingering,grasping, handling, hearing, kneeling, lifting, mental acuity, reaching,repetitive motion, speaking, standing, stooping, talking, visual acuity, andwalking.

WORKING CONDITIONS: Work environment involvesexposure to no known environmental hazards; and is and secure that mayperiodically have unpredicted requirements or demands and secure that mayperiodically have unpredicted requirements or demands.

Job Tags

Local area,

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