Chesapeake Financial Shares, Inc.

  • Mortgage Loan Officer

    City, State US-VA-Gloucester
    6793 George Washington Memorial Hwy
  • Overview


    Chesapeake Bank


    Want to work for a solid financial institution that expects 110% from its employees and rewards them accordingly?  We work as a team and have high levels of engagement from our employees.  In fact, our 2015 independent employee survey named us Best in Industry on the employee engagement index portion of the survey.  A primary driver of engagement is job satisfaction.  Contributors to this high level of job satisfaction are the Chesapeake benefits plan from competitive healthcare options to a generous vacation allotment.  Commitment to community also plays into our job satisfaction.  Chesapeake puts great emphasis on the fact that we are only as strong as the communities we serve.  Therefore, we contribute dollars and hours of service to our local communities.  And, we have fun doing it all!


    Talk to us about a career that makes you want to get up and come to work, have fun and make a difference.




    Originates mortgage loans, promotes the financial institution and its lending services to the real estate community and helps to identify and serve the community's financial needs through home loan counseling, real estate agent seminars and sales meetings, and by participating in and promoting the financial institution's community activities. Manages the real estate lending process for loan applicants, ensuring that interviews are conducted appropriately and that necessary financial information is on hand for efficient loan processing.


    The Mortgage Loan Officer's benefit package includes a base income plus commissions.



    • Reviews, analyzes and processes residential real estate loan requests and packages loans as necessary, in keeping with financial institution policies and procedures.

    • Recommends conditions and terms of residential real estate loans.

    • Provides input to management to streamline and improve residential loan service for the benefit of the customer and the financial institution.

    • Provides loan status reports on financial institution residential loan products to the Regional Executive and presents report in Monthly Sales meetings.

    • Offers recommendations and actions to improve loan strategies when necessary  

    • Interviews residential loan applicants. Obtains and compiles necessary financial information to process loans.

    • Responsible for Business Development efforts within the region

    • Solicits first mortgage loans. Informs prospective loan clients of the financial institution's underwriting guidelines and applicable government regulations.

    • Completes each loan application and all pre-processing functions in a timely manner to permit the good faith estimate to be mailed within the requested three business-day period.

    • Screens loan requests based on financial institution policies and on types of loans offered by the institution.

    • Remains current with all new and existing regulatory changes in lending

    • Researches new legislation and regulations that may affect the financial institution's residential lending policies. Ensures compliance with new rules by advising senior management and implementing appropriate changes.

    • Personally answers incoming phone calls and schedules appointments.

    • Communicates complex approvals or denials to the borrower, real estate agent or builder.

    • Distributes market data, rate flyers and general loan information to the real estate community as directed by financial institution management.

    • Promotes and participates in the financial institution's special credit programs and other CRA programs.

    • Actively participates in local business and community activities and maintains close contact with local builders, real estate brokers and agents, customers and prospects.

    • Reviews the delinquent loan status for the financial institution, contacting those delinquent account holders through telephone calls, letters and personal visits

    • Works with other departments within the financial institution regarding litigation and foreclosure activities.

    • Prepares reports on the type and status of delinquent accounts and collection activities undertaken by the financial institution, and rates the accounts according to the financial institution’s procedures.

    • Reviews payment lists, maintains departmental files and prepares paperwork on debits, credits and other payments.

    • Other duties as assigned



    • Bachelor's degree in business or finance.

    • One to two years of experience in a financial institution or loan office setting.

    • Extensive knowledge of financial institution policies and procedures.

    • Extensive knowledge of residential real estate lending practices and related areas.

    • Good communication and public relations skills.

    • Good sales, organizational, managerial and interpersonal skills.

    • Good oral and written communication skills in order to effectively communicate with customers and real estate agents about the financial institution's loan programs and policies.

    • Ability to read and comprehend training materials, financial institution communications and related loan manuals.

    • Ability to learn and follow financial institution policies regarding the lending process.

    • Familiarity with basic office equipment.








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