Job Description

POSITION: Community Development Mortgage Loan Officer

Summary:

At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity and inclusion. As a Community Development Mortgage Loan Officer, you are responsible for selling and originating residential mortgage products and Home Equity products, using initiative and imagination in finding and developing new sources of business. Responsible for Fair Lending outreach and follow through on the Community Reinvestment Act.

Key Result Areas:

+ Originate high quality loans which meet CSB guidelines while maintaining compliance

+ Solicit customers by developing relationships and gaining trust with real estate professionals, builders, local housing agencies, and other business referral sources.

+ Determine and recommend appropriate loan products to meet the customers needs, promoting and cross-selling Bank products and services, as appropriate.

+ Meet established loan production goals, service existing mortgage customers, and consistently deliver superior experiences to all CSB customers.

+ Participate in networking and community involvement activities, conduct outreach to community housing organizations and their members, as well as other organizations through a range of forums, event, training sessions and webinars.

+ Research, recommend and support managing onsite and offsite community/volunteer events.

+ Seek out, review and recommend nonprofit partnerships that advance opportunities to scale minority or LMI borrower homeownership.

+ Establish and maintain effective working relationships with other employees.

+ Develop familiarity with Boston neighborhoods and history as well as other CRA markets and potential expansion markets, learn housing and community development issues , public housing subsidy programs and city government of the respective communities, particularly the underserved markets.

Qualifications:

+ High School Diploma/GED equivalent or 15 years of mortgage banking experience.

+ 2+ years experience in outside mortgage banking sales, with knowledge of mortgage financing and mortgage programs.

+ Fluency in English and Spanish; candidates must be able to effectively communicate and comprehend written and verbal information in both languages.

+ Understanding of secondary market underwriting guidelines, P.M.I, and condominium standards.

+ Successfully register with the Nationwide Mortgage Licensing System.

+ Excellent interpersonal and communication skills.

+ Ability to meet established goals, interact with customers effectively, and work without direct supervision.

+ Must be able to travel across Massachusetts.

+ Candidate should have an intimate knowledge of Low to Moderate Income or First-Time Homebuyer loan programs available in Massachusetts.

+ Knowledge of various grant programs and down-payment assistance programs available in the community is a plus.

+ Previous experience in community development and underserved markets is a plus.

+ Ability to establish new relationships inside the community with Realtors, Attorneys, Community Development Corporations as well as networking thru local Chamber of Commerce, Realtor Associations, and other non-profit organizations will be required to be successful.

+ Position will require a presence in our brick-and-mortar office location as well as outside sales in the community.

Location:

Hybrid/Waltham, Massachusetts

About Cambridge Savings Bank:

Cambridge Savings Bank is a full-service banking institution with over $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. In March 2023, Kroll Bond Rating Agency affirmed CSBs investment-grade rating, reinforcing the banks position as a reliable business lender. To learn more about how CSB can meet your needs, visit us at cambridgesavings.com , or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370

Cambridge Savings Bank is 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. We are a VEVRAA Federal Contractor.

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