Washington Trust Bancorp, Inc

Community Lending Officer

Washington Trust Bancorp, Inc • $89K — $134K *
Bellevue, WA 98006In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Fluency in English and Mandarin/Cantonese preferred.
  • Solid knowledge of the real estate and mortgage banking industry.
  • Familiarity with Truth-in-Lending and compliance regulations.
  • Understanding of conventional, FHA, VA, and construction loan policies.
  • Possession of a valid Washington State Driver's License and automobile.
  • Mortgage Loan Originator registration required through NMLS.

Responsibilities

  • Cultivate relationships with community organizations, realtors, and governmental agencies.
  • Sell and originate residential mortgage loans to meet CRA objectives.
  • Meet with prospects to discuss mortgage options and finalize sales.
  • Coordinate community outreach activities and development events for WTB.
  • Foster understanding of CRA and fair lending laws among all staff members.
  • Participate in local festivals and trade shows to promote bank services.
  • Track community trends and evaluate outreach event effectiveness.

Benefits

  • Engagement in community development initiatives.
  • Opportunities for professional networking and development.
  • Involvement in civic and professional organizations.
  • Support for fair lending responsibilities and compliance education.
Full Job Description
The Community Lending Officer will establish and maintain relationships with community-based organizations, realtors, and governmental agencies which result in lending opportunities for the bank to ensure full compliance with the Community Reinvestment Act. The candidate will sell and originate residential mortgage loans to a predetermined sales goal focused in CRA assessment area needs. The candidate will identify and meet with prospects, explain various mortgage products available, determine best alternatives together with prospects and finalize sales. This position will support the WWA WTB Bank footprint.

Essential Functions:

  • Assist in the coordination of WTB's community outreach activities and community development service events.
  • Serve, where appropriate, as a member of civic, professional, and community development organizations that contribute to WTB's CRA objectives.
  • Communicate ways by which management and staff can address fair lending responsibilities for WTB's lending practices and standards.
  • Assist lenders in identifying and originating loans that meet the criteria of CRA in WTB's CRA assessment areas.
  • Establishes and develops relationships with an extensive network of real estate agents so that potential mortgage customers within CRA assessed areas will be referred to WTB.
  • Turns in a completed loan application within 48 hours of receipt.
  • Pre-qualifies self-employed borrowers to include preparation of cash flow work sheets and requesting and analyzing financial records and tax returns.
  • Maintains responsibility for the loan file from application through closing.
  • Foster a culture where all WTB Team Members have a good understanding of both CRA and fair lending laws applicable to their position.
  • Actively participate in festivals, fairs, and trade shows to promote new business for the Bank.
  • Stays abreast of individual community trends and economic development changes. Tracks and measures event participation results. Makes recommendations to maximize return on future investments of events, sponsorships, philanthropic initiatives, and donations.
  • Liaise with local governments and community development organizations ensuring the bank's presence is known and respected in the community. Build and manage a network of contacts within state and local government and community organizations.


Related Functions:

  • Collection of applicable fees from borrowers.
  • Prepares periodic productivity reports as required.
  • Required to attend department meetings.
  • Performs property inspections as required.
  • Attends scheduled training sessions.
  • Frequent contact with real estate companies and agents to establish referral relationships.
  • Frequent contact with department employees to assist in processing and closing requirements.


Qualifications:

  • Ability to speak English and Mandarin/Cantonese fluently preferred.
  • Knowledge of real estate and mortgage banking industry.
  • Knowledge of Truth-in-Lending and compliance with government regulations.
  • Knowledge of conventional, FHA, VA, and construction loan policies and procedures.
  • Automobile required, together with valid Washington State Driver's license.
  • May be assigned a specific territory and/or specific agents.
  • Required to have or obtain a Mortgage Loan Originator registration number through the Nationwide Mortgage Licensing System & Registry (NMLS)


Compensation: $89,991- $134,987

The compensation range represents the low and high end of the base salary ranges for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. This position is eligible to participate in an applicable annual incentive plan.

About Washington Trust Bancorp, Inc

Washington Trust Bank is an American diversified financial services holding company headquartered in Spokane, Washington. It is the oldest and largest privately held commercial bank in the Pacific Northwest, and has more than 40 financial centers and offices in Washington, Idaho and Oregon with over 1,000 employees. As of December 2014, the bank had assets in excess of $4.77 billion. Washington Trust opened in 1902 as The Washington Trust Company. Current CEO Peter F. Stanton is the fourth generation of the Stanton family to lead the bank. The bank operates offices throughout Washington, Oregon and Idaho. The first branches in Idaho opened in 1989, while the first branch in Portland opened in 2004. Washington Trust also expanded to the Puget Sound area, opening offices in Seattle in 2000 and in Bellevue in 2004. Services offered by the bank include personal and commercial banking, home loans, private banking, wealth management and advisory services, trust services and investment services. Washington Trust has ranked first in deposits in Spokane County since 2009.
Learn more about Washington Trust Bancorp, Inc
Size
623 employees
Market Cap
$816.9 million
Industry
Finance & Insurance
Net Income
$69.8 million
5 Year Trend
+3.4%
NASDAQ
WASH
* Ladders Estimates

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