Mortgage Community Development Lender (remote or hybrid)
Company: Southern Bancorp
Location: Little Rock
Posted on: October 24, 2024
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Job Description:
Southern Bancorp is a different kind of bank. As a Community
Development Financial Institution (CDFI), a special certificate on
designated for institutions that serve predominantly underserved
communities, Southern Bancorp combines traditional banking and
lending services with financial development tools and public policy
advocacy to help families and communities grow stronger. Inspired
by the principle that building net worth drives economic
opportunity, our mission is to be wealth builders for everyone in
the communities we serve, with a focus on low-wealth and
un(der)banked populations, as well as an emphasis on Black and
Brown individuals.
Job Summary:
We are seeking Mortgage Community Development Lenders. The
individual(s) will originate quality mortgage loans on 1-4 family
properties for low to moderate income (LMI) and minority borrowers
in partnership with supported external non-profit
organizations.
This role requires knowledge of the Community Reinvestment Act
(CRA), as it relates to lending, and knowledge of various grants
and subsidy programs to fill affordable housing mortgage gap. This
role requires substantial knowledge of affordable housing programs
and first-time homebuyer education programs.
The individual in this role must be in AL, AR, FL, GA, LA, MS, MO,
NC, SC, TN or TX.
The individual in this role must also have a comprehensive
understanding of the following regulatory requirements: Home Loan
Disclosure ActReal Estate Settlement ProceduresReg. ZFederal Truth
in LendingFair HousingHUD regulationsClient/FHLMC RequirementsEqual
Credit Opportunity ActResponsibilities: Originate high quality
mortgage loans which are typical in low-to-moderate income
borrowers in order to help serve the housing needs of underserved
communitiesIncrease mortgage loan volume, primarily focusing on
CRA, low-to-moderate, and minority customers, through effective
consultative selling Act as a representative of the bank in the
community by attending community meetings/events and providing
training seminars to residents regarding loan application
procedures and mortgage loan products and servicesWork with
non-profit partners to provide home buyer education, mortgage
credit counseling and technical assistanceIdentify appropriate
community groups throughout the community and establish a plan for
making contactServe on housing/credit/finance related boards,
charitable/civic organizations or MBA committees on an ongoing
basisProvide input for the design of programs, participate in
credit related training for consumers to enhance knowledge within
the community to maximize the benefits of mortgage loans and
servicesConduct outreach training classes in financial literacy,
mortgage, banking, home ownershipMaintain extensive knowledge of
Southern Bancorp's product offeringsIdentify potential loan
applicants through referrals and make sales calls as appropriate in
order to provide prospects with information on loan products and to
solicit business as appropriateAssist borrowers with the
application process by providing direction in filling out forms and
keeping the applicant informed of necessary documentationUnderstand
and remain educated on grant/subsidy programs available within
market to ensure borrower receives maximum fundingPrepare loan
status of each loan in individual pipeline to be given to
non-profit housing partners if applicableInterview and counsel loan
applicants on the various mortgage loan programs offered by
bankAnalyze financial status and credit on each potential borrower,
and fully understand the contract of sale to ensure proper
submission of applicationMake sales calls to housing non-profits to
maintain relationship and ensure for the steady flow of
referralsReport weekly on loan volumes to management, and produce
all other applicable reports necessary to provide management with
the success of the originating efforts as requested by
managementUnderstand the complexity of the partnerships with
non-profit organizations in an effort to mitigate potential
reputational risk from occurringWork on special projects as
assigned by mortgage leadership team Requirements:High School
Diploma or equivalent required; bachelor's degree is preferredTwo
years' experience in community development lending or minority
mortgage lending with a focus on bridging the homeownership gap of
underserved communitiesMust have or receive NMLS clearanceMust have
experience with broad program & mortgage investor guidelinesHousing
counseling, financial planning and mortgage credit counseling
experienceGood listener and self-starter with demonstrated ability
to work with minimal hands-on directionMust have excellent
interpersonal skills to represent the Southern in a positive way in
dealing with customers and other employeesMust have the ability to
travel within market and must possess and maintain a valid driver's
license and a vehicle with appropriate insurance coverage Fluency
in a second language is preferred but not required
Physical/Sensory Requirements:Reasonable accommodations may be made
to enable individuals with disabilities to perform the essential
functions
What Southern Bancorp offers employees:A positive impact on Your
Future:Discounted rate on employee home loan401(k)/Roth plan with
immediate eligibility and employer match up to 6%Employee stock
ownership planCredit and housing counseling including free
financial education tools Benefits to improve your health:No
deductible medical insurance planDental and vision insurance
Employer paid life and long-term disability insuranceFlexible
Spending AccountsThe opportunity to nurture your well-being:Paid
holidays and paid time off Bonus plan Opportunity for merit
raisesEmployee reward and recognition programsCommunity service
opportunitiesSouthern Bancorp is an equal opportunity employer. All
qualified applicants will receive consideration for employment
without regard to race, religion, color, national origin, sex, age,
sexual orientation, gender identity, gender expression, status as a
protected veteran, among other things, or status as a qualified
individual with disability. Reasonable accommodations may be made
to enable individuals with disabilities to perform the essential
functions.As a Community Development Financial Institution,
Southern Bancorp desires its workforce to reflect the diversity of
the customers and communities that we serve. Racial and ethnic
minorities, people from working class backgrounds, women and LGBTQ
people are often underrepresented in many financial service
industry professions. Therefore, we strongly encourage applications
from people with these identities or who are members of other
marginalized communities.
Keywords: Southern Bancorp, North Little Rock , Mortgage Community Development Lender (remote or hybrid), Other , Little Rock, Arkansas
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