Residential Loan Officer

About the role

Associated Bank is looking for a Residential Loan Officer in St. Louis. The officer originates regulatory-compliant residential loan applications, builds referral relationships with realtors, builders, attorneys and other centres of influence, and expands customer relationships by matching clients' needs with the bank's products. The position requires a credit check under Regulation Z and full compliance with internal policies and laws such as the Bank Secrecy Act and S.A.F.E. Act.

Key responsibilities

• Follow up on leads from personal effort, industry contacts, call-in and walk-in inquiries, advertising and direct mail.
• Conduct regulatory-compliant loan pre-qualification interviews, explain and recommend suitable loan programs, and keep a file of leads until they apply, apply elsewhere or withdraw.
• Accept residential mortgage loan applications, review them against bank, industry and agency guidelines, notify non-qualifying applicants promptly and begin processing qualified ones.
• Solicit and originate mortgage loan programs, including in low-to-moderate income areas, and act as liaison to local, state and federal agencies and community development groups.
• Cross-sell other products such as checking and savings accounts, home equity loans/lines and mortgage life and disability insurance, or refer customers to partners.
• Promote loan programs through regular contact with real estate agents, builders, attorneys and others, and prepare records and reports on solicitation, origination and closing.

Required profile

• Bachelor's degree or equivalent combination of education and experience.
• 1-3 years of residential loan processing or origination with a financial institution or mortgage banking company.
• Ability to comply with banking regulations and ethics requirements.

What we offer

• Pay of $17.00-$25.85 per hour, with possible incentive, commission or bonus opportunities.
• 401(k) and pension retirement savings plans.
• Paid time off, parental leave and employee stock purchase plan.
• Well-being programs, military benefits and competitive salaries with professional development.