Mortgage Banker

Location: MN - Mankato

The successful candidate for Mortgage Banker will work to develop and maintain quality mortgage loan accounts which meet established lending guidelines and provide maximum profitability for United Prairie with a minimum of risk.  Also, develop other banking, investment and insurance relationships to serve all financial needs of the customer.

 Accountabilities:
  • Mortgage Banker is a Mortgage Loan Originator who is approved, registered and receives a NMLS # through United Prairie Bank. A Mortgage Banker is an individual who takes a residential mortgage application and offers or negotiates the terms of the loan for compensation or gain (two prong test).
  • Meets or exceeds UP goals and expectations.
  • Outstanding service and sales delivery.
  • Designated lending authority as reviewed and approved by Chief Credit Officer. 
  • Obtain minimum goals set by the Residential Mortgage Manager for closing and funding of residential Secondary Market Loans.
  • Manages assigned Residential In House Loan Portfolio loans.
Secondary Market Lending
  • Solicits new banking, insurance and investment business from potential new and existing customers.
  • Maintains product knowledge to offer best advice for the customer and keeps current on all investor programs, guidelines, bank policies and regulations. 
  • Originates residential real estate loans for purchase by the secondary market. This includes, but is not limited to: take loan applications, input loan information into automated underwriting system for approval or manual underwrite if applicable, work with investors, work jointly with the mortgage loan processor assigned, prepare applicable loan documents, gather necessary information and followup on loan issues until file is purchased by investor.
  • Communicates effectively and timely with the customer and Mortgage Loan Processor throughout the loan process.
  • Provides professional level of care in working with the customer from the initial application through the loan closing. 
  • Attend all loan closings associated with production and as assigned.
  • Provide UP Product information for all types of accounts, investment and insurances that may benefit the customer and refer to the appropriate UP staff.
  • Works with Residential Mortgage Manager, Mortgage Loan Processors and Market President to meet secondary market budget.
  • Develop, maintain and grow core relationships with realtors, attorneys, insurance agents, employment Human Resource managers, professional business work force members and personal acquaintances.
In-House Real Estate Lending
  • Inform new and existing borrowers of all residential real estate loan products/rates/terms available.

Residential Closed End 1st Mortgages

Residential Closed End 2nd Mortgages

HELOC’s

Residential Real Estate Construction Loans

 o  Residential Real Estate Loan Renewals/Extensions/Modifications

  • Compile and analyze all financial and credit information including adequacy of income and sufficiency of collateral in accordance with bank policy.
  • Work with Mortgage Loan Processor assigned
  • Prepare loan presentation for credit committee and secondary market approval when necessary.
  • Responsible for maintaining customer loan files according to UP policies and procedures, compliance and regulatory requirements on a continual basis.
  • Apply collection practices to minimize risk as appropriate.
  • Manage loan portfolio including customer inquiries, collections, and any other correspondence as necessary.

Other Requirements:

  • Strong aptitude for marketing outside of the office to create a strong network of contacts
  • Represent UP in your community through pre-approved civic activity, service organizations and/or professional associations.
  • Required to comply with the SAFE Act requirements, including successful initial and ongoing registration in the Registry to obtain and maintain your NMLS #.
  • Provide referrals to UP Client Service Specialists for UP products and services.
  • Provide referrals to UPIA Insurance Agency and UPFN Investment Agency.
  • Abide by all policies and procedures of UP.
  • Abide by all regulatory and compliance requirements for residential real estate lending.
  • Attend and complete necessary training as required throughout the year.
  • Any and all other duties as assigned by management.
Job Specifications:
  • Individual must possess a high degree of ability/aptitude in financial analysis.
  • Well-developed verbal and written communication skills.
  • Display a positive "can do" attitude.
  • Sales orientated.
  • General knowledge of internet usage and Microsoft Office programs.
  • Strong desire to strive for quality interactions with customers and teammates.
  • Ability to be assertive and diplomatic in order to minimize risk of loss to bank.
  • Organizational skills which support multi-tasking and deadlines.
  • Highly adaptable to change.
  • Ability to practice discretion and confidentiality in all situations.
Job Qualifications:
  • Two (2) or Four (4) year Degree in Finance or equivalent field of study and
  • Two (2) to Four (4) years experience in a community bank lending environment.
  • A solid, successful history of residential lending experience is preferred.
  • Occasional day travel may be required for training/meeting purposes.

Salary will be based on qualifications, competitive benefits package included.  Applicant can apply by emailing an introductory letter and resume to:  United Prairie Bank, Human Resources - hr@unitedprairiebank.com.

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.