Needham Bank
Residential Loan Officer
Job Tracking ID :
512272-902212
Job Location :
Job Level :
Mid Career
Level of Education :
BA/BS
Job Type :
Full-Time/Regular
Date Updated :
09/04/2025
Years of Experience :
Not Applicable
Starting Date :
Invalid Date
Salary :
$0
Job Description Originate first mortgage loans, promote the Bank's and its lending services to the real estate community and help to identify and serve the community's financial needs through home loan counseling, real estate seminars and by participating in and promoting the Bank's community activities.
Responsible for administering the Loan function in accordance with the policies and procedures of the Bank.
Responsible for attracting and gaining new loan prospects.
ESSENTIAL DUTIES & RESPONSIBILITIES
Solicit first mortgage loans; personally interview all loan applicants; inform prospective loan clients of the Bank's underwriting guidelines and applicable government regulations
Originate individual loans pursuant to the Bank's loan policies and procedures
Research new legislation and regulations that may affect the Bank's residential lending policies
Ensure compliance with new regulations by advising senior management and implementing appropriate changes
Establish, maintain and expand a loan sourcing network for generating future business
Personally respond to phone inquiries concerning loan products, and services
Operate and maintain an efficient loan underwriting and closing process that exceeds customer needs and are consistent with the Bank's credit risk management philosophy and principles
Communicate with attorneys, appraisers and other vendors to ensure a timely and efficient process and customer satisfaction
Conduct mortgage seminars and First-Time buyer workshops providing additional exposure for the Bank
Collaborate with management to develop and maintain strong mutually beneficial business relationships
Actively participate and provide input into overall Bank management through committee assignments and other tasks
Provide training for loan personnel as directed by management
Provide management with pipeline reports and loan status information as required
Prepare, monitor and maintain loan files for assigned borrowers
Prepare, maintain and reconcile the Bank's (new) construction loan portfolio. Advance funds to builders upon requisition requests
Prepare and distribute the loan rate changes
Actively participates in local business and community activities and maintains close contact with local builders, real estate brokers and agents, customers and prospects
Perform additional duties as requested, needed or assigned
Experience and Skills JOB REQUIREMENTS
Extensive knowledge of financial institution policies and procedures
Strong knowledge of real estate lending practices and related areas
Knowledge of department support structures, resources and personnel
Strong analytical skills and decision making ability
Strong sales, managerial and interpersonal skills
Knowledge of secondary market practices, underwriting procedures, lending laws and procedures for real estate lending
Strong organizational, communication and public relations skills particularly in working with documentation that requires special handling
Ability to build strong relationships and alliances across the organization; ability to adapt to change; ability to multi-task; reliable and highly self-motivated
Superior customer service skills; exceed customers' expectations
Fluent written and verbal English communication skills
Attention to detail
Established contacts in community for loan referral sources
Ability to adhere to Needham Bank's Core Values ( Focus on Customer Relationship, Embrace Change, Work as a Team, Be an Asset to Your Community, Always Learn, and Do the Right Thing )
EDUCATION & EXPERIENCE
Bachelor Degree in business or finance plus 3 or more plus years' experience in mortgage and secondary market underwriting
Proficient in Microsoft Office suite; MS Excel, MS Word and Outlook
WORKING CONDITIONS/PHYSICAL DEMANDS
Normal business office environment
Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off
(PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short and long term disability insurance, tuition reimbursement, and an Employee Assistance Program.
We offer a great benefit package to our eligible part-time employees as well.
At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.
Needham Bank is an Equal Opportunity/Affirmative Action Employer.
Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.
Back to job search
Job Tracking ID :
512272-902212
Job Location :
Job Level :
Mid Career
Level of Education :
BA/BS
Job Type :
Full-Time/Regular
Date Updated :
09/04/2025
Years of Experience :
Not Applicable
Starting Date :
Invalid Date
Salary :
$0
Job Description Originate first mortgage loans, promote the Bank's and its lending services to the real estate community and help to identify and serve the community's financial needs through home loan counseling, real estate seminars and by participating in and promoting the Bank's community activities.
Responsible for administering the Loan function in accordance with the policies and procedures of the Bank.
Responsible for attracting and gaining new loan prospects.
ESSENTIAL DUTIES & RESPONSIBILITIES
Solicit first mortgage loans; personally interview all loan applicants; inform prospective loan clients of the Bank's underwriting guidelines and applicable government regulations
Originate individual loans pursuant to the Bank's loan policies and procedures
Research new legislation and regulations that may affect the Bank's residential lending policies
Ensure compliance with new regulations by advising senior management and implementing appropriate changes
Establish, maintain and expand a loan sourcing network for generating future business
Personally respond to phone inquiries concerning loan products, and services
Operate and maintain an efficient loan underwriting and closing process that exceeds customer needs and are consistent with the Bank's credit risk management philosophy and principles
Communicate with attorneys, appraisers and other vendors to ensure a timely and efficient process and customer satisfaction
Conduct mortgage seminars and First-Time buyer workshops providing additional exposure for the Bank
Collaborate with management to develop and maintain strong mutually beneficial business relationships
Actively participate and provide input into overall Bank management through committee assignments and other tasks
Provide training for loan personnel as directed by management
Provide management with pipeline reports and loan status information as required
Prepare, monitor and maintain loan files for assigned borrowers
Prepare, maintain and reconcile the Bank's (new) construction loan portfolio. Advance funds to builders upon requisition requests
Prepare and distribute the loan rate changes
Actively participates in local business and community activities and maintains close contact with local builders, real estate brokers and agents, customers and prospects
Perform additional duties as requested, needed or assigned
Experience and Skills JOB REQUIREMENTS
Extensive knowledge of financial institution policies and procedures
Strong knowledge of real estate lending practices and related areas
Knowledge of department support structures, resources and personnel
Strong analytical skills and decision making ability
Strong sales, managerial and interpersonal skills
Knowledge of secondary market practices, underwriting procedures, lending laws and procedures for real estate lending
Strong organizational, communication and public relations skills particularly in working with documentation that requires special handling
Ability to build strong relationships and alliances across the organization; ability to adapt to change; ability to multi-task; reliable and highly self-motivated
Superior customer service skills; exceed customers' expectations
Fluent written and verbal English communication skills
Attention to detail
Established contacts in community for loan referral sources
Ability to adhere to Needham Bank's Core Values ( Focus on Customer Relationship, Embrace Change, Work as a Team, Be an Asset to Your Community, Always Learn, and Do the Right Thing )
EDUCATION & EXPERIENCE
Bachelor Degree in business or finance plus 3 or more plus years' experience in mortgage and secondary market underwriting
Proficient in Microsoft Office suite; MS Excel, MS Word and Outlook
WORKING CONDITIONS/PHYSICAL DEMANDS
Normal business office environment
Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off
(PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short and long term disability insurance, tuition reimbursement, and an Employee Assistance Program.
We offer a great benefit package to our eligible part-time employees as well.
At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.
Needham Bank is an Equal Opportunity/Affirmative Action Employer.
Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.
Back to job search